The Oaks - Future Multifamily Development
Land | 17.61 acres
Marketing description
The 17.610 acre site located in Carson City, NV will be the future The Oaks Apartments. The site is in the federally designated opportunity zone and part of the Lompa Ranch Specific Plan. Lompa Ranch offers luxury living and lifestyle in central Carson City with plans to capture higher-end home prices and higher-end rental rates. The property consists of a 14.61 acre site and a separate 3 acre site that the City has determined must be developed into a dog park. This excellent location offers a short commute for residents that work at the Tahoe Reno Industrial Center, work or play in beautiful Lake Tahoe and residents that need access to the many services available in Reno, NV. The preliminary plans include 13 eight-unit buildings, 13 sixteen unit buildings, a community center, and a fitness center. These will be constructed on eight gross acres within a planned community that offers master-planned parks, as well as walking and bike paths. Carson City has seen heavy demand for housing. The absorption for new construction projects in the region has been very strong.
Investment highlights
14.61 acres close to Highway 50
Multifamily land for 312 proposed units
Very popular submarket in Carson City, NV
Less than 45 minutes to South Lake Tahoe, Reno, NV, and Tahoe Reno Industrial Center
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