9722 S. Virginia
±1.9 Acres Mixed Use Land
Marketing description
This ±1.9-acre property, adjacent to the Tesla dealership on Reno’s S. Virginia Street, offers a prime development opportunity. Benefiting from high visibility with 124,000 daily freeway traffic counts and a strong local demographic with an average household income of $140,811 within a three-mile radius, the site is ideally suited for a variety of commercial developments such as office, flex, retail, storage, and some residential uses. (Self storage and mini-storage are also allowed, but require a conditional use permit.) The site offers easy access to regional attractions due to its strategic location near businesses and major thoroughfares.
The property is ideally situated within the thriving South Meadows trade area, a key component of Reno’s Southwest submarket. Specifically, it’s located in the affluent suburb of South Reno, surrounded by a vibrant commercial and retail environment. The location within the developing Scandia Campus and adjacent to the Foothill Commerce Center creates a synergistic business environment.
Investment highlights
Highly visible premier mixed-use zoned development site along I-580 in South Reno.
Mixed use zoning allows for a wide range of uses including commercial development of office or flex, multifamily, or self-storage, among others.
Seller planned to develop for their own use as headquarters location
Significant recent cap ex in dirt work, compaction, relocation of NV Energy tower, among others
High traffic counts with over 124,000 average daily vehicles
Easy access to major thoroughfares and the Reno/Tahoe International Airport.
Strong market in a tax-free state, due to booming job and population growth.
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