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- LoopNet Team
Summit Ridge Dr
Reno, NV 89523
1.9 Acre Infill Parcel · Land For Sale
·
1.90 AC
PROPERTY FACTS
| Property Type | Land | Proposed Use | Mixed Use |
| Property Subtype | Commercial | Total Lot Size | 1.90 AC |
| Zoning | MUW4 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 1.90 AC |
| Zoning | MUW4 |
DESCRIPTION
The subject property offers one of the most desirable residential infill locations in the Metro area, combined with the highest rents and lowest vacancies. The project also comes with water rights ample to serve the owner's previously proposed project of townhomes. The site is zoned mixed use and only requires a building permit for a rent project. Mixed-use zoning also allows for 50% of the required parking to be on-street. The only required off-site improvement is a water line connection down to 4th Street. In terms of projected regional growth, economic development officials are projecting ±50,000 new jobs to the area by 2020, resulting in the need for an additional ±50,000 housing units. The area is experiencing quality job growth spurred by such recent company relocations and announcements as Tesla (6,500 jobs), Amazon (1,100 jobs), Clear Capital (400 jobs) and ArroHealth (300 jobs).
PROPERTY TAXES
| Parcel Number | 400-030-03 | Improvements Assessment | $0 |
| Land Assessment | $333,200 | Total Assessment | $333,200 |
PROPERTY TAXES
