600 University Wy, Reno, NV 89501

One of a kind opportunity to acquire an entire city block which is only 3 blocks south of the University of Nevada Reno and 1 block east of “The Row” casinos including the El Dorado, Silver Legacy and Circus Circus. The property is a scraped, level, clean, and fenced city block. The site has approved plans for a 277 unit/619 bed student housing project with over 360,000 square feet of living and common area space. Can also be developed as market rate apartments with a similar footprint to the existing plans. The site is also within the federally designated opportunity zone which offers many tax benefits for development. Buyer to verify.

600 University Way is a full city block with in the Downtown/University Reno submarket. This site boasts easy access to Interstate 80 and public transportation and is less than a mile south of The University of Nevada, Reno. Building both new student housing or traditional multifamily housing would allow the developer unlimited density, brand new units, with great walkability creating a strong tenant demand.

For the past decade, both the city of Reno and the state of Nevada have ranked in the top 10 nationwide for living and business. These rankings serve as a direct testament to the growth, redevelopment of communities, lively arts and culture events, and a strong business economy that extends far beyond gaming.

Downtown Reno

A casino lined street, with quaint local shops, national restaurants and local small-town restaurants, and plays host the areas major events. Downtown Reno has something for everyone to enjoy. Downtown revitalization starts with The Virginia Street Project expands the bus line between downtown Reno and Midtown, expand the sidewalks, bike paths, and improve the connectivity between downtown, Midtown and The University Nevada, Reno. The Row is a recent merger between Eldorado Resorts and Caesars Entertainment unites three major Reno casinos with a recent renovation creating a connecting indoor walking paths, adding new entertainment like Topgolf Swing Suite and numerous restaurants. The Neon Line District is a new district within the downtown Reno submarket. This new revitalization has begun to transform the west end of downtown Reno. Developers have purchased, built, and redevelop old buildings and land pads throughout the area. This addition of new and renovated commercial and residential buildings to the area will bring a new energy to western downtown and provide a new experience destination for retailers, residents, and tourists. The Neon Line District lights up the streets at night quickly becoming Reno’s newest place to be.

The State of Nevada

Nevada has made its mark as the business-friendly state in the West. Major high profile employers have made their move to Nevada escaping high tax neighboring state for Nevada’s business friendly, tax friendly, development friendly climate.

Nevada ranks #7 best state in the Tax Foundation’s

2024 State Business Tax Climate Index

Reno ranks #2 for the largest midsize manufacturing hub

Major Non-Gaming Employers

Amazon, General Motors, Tesla, Renown Medical Center, Redwood Materials, Microsoft, Switch