Nutmeg Place, Reno, NV 89502

Discover this mixed-use development opportunity on a 3.27-acre lot at 0 Nutmeg Place, Reno, Nevada, within the Central/Airport submarket. The site is located along Interstate 580 and is exposed to over 122,600 vehicles daily. The site's mixed-use zoning allows a wide range of uses, including multifamily, condominium/residential, self-storage, commercial, and service-oriented development, providing flexibility for investors and developers. Potential seller carry with 50% down, please call the listing agent for details.

0 Nutmeg Place offers convenient access to major thoroughfares serving the Greater Reno-Sparks metro area. Its frontage, zoning, and regional connectivity make it a compelling option for developers seeking highly visible projects in Reno. The property is located right across the freeway from a major planned development: Reno Pro Soccer is planning a 6,000-seat soccer stadium as the cornerstone of The Boulevard Reno, a 28-acre, $350 million mixed-use entertainment district at Kietzke and Peckham lanes. This development will transform a former car dealership and strip mall site into a vibrant destination featuring a hotel, casino, retail, dining, and entertainment, with the stadium expected to be ready for the 2027 USL season. The property is also near key regional destinations, including Reno-Tahoe International Airport, the Reno-Sparks Convention Center, Meadowood Mall, Atlantis Casino Resort Spa, and a wide array of commercial, retail, and employment centers. The surrounding area supports higher-intensity development concentrated along designated urban corridors such as Virginia Street, Fourth Street, Mill Street, and Plumb Lane, and lower-intensity uses transitioning to nearby residential districts. Reno continues to attract significant investment momentum driven by strong job growth, population expansion, and an appealing lifestyle in a tax-free state. Major planned projects in the Reno area include the Reno Revitalization initiative, the Grand Sierra Resort expansion, the Reno Experience District, and the University of Nevada, Reno's Gateway Project, also recently completed 252-unit Pinyon Apartments nearby, all of which contribute to sustained economic growth and demand for development.

Reno/Sparks offers access to a dense, growing population of approximately 500,000 residents, with more than $5.5 billion in consumer spending, within 10 miles of 0 Nutmeg Place, supporting both residential and commercial development strategies. The surrounding area is characterized by affluence and workforce density, with an average household income exceeding $107,700 and a strong employment base supported by more than 22,600 businesses. This combination of visibility, zoning flexibility, regional growth, and prime location positions 0 Nutmeg Place as an attractive investment opportunity for developers and investors seeking well-located land for sale in Reno, Nevada, with exposure, access, and long-term growth potential.

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