Listed by Johnson Group Commercial
$550,000
0 California Ave
Details
Property Type Office, Land
Sub Type Residential, Executive Office
Square Footage 33,000
Tenancy Vacant
Buildings 2
Acreage 1.120
Zoning MF-30 & MF-14
Investment Type Redevelopment
DEVELOPMENT SITE FOR SALE - LARGE PRICE REDUCTION
Marketing description
Undeveloped land that is fully entitled for a 16 unit Luxury Townhome development. Preliminary plans are included with the property. Just 1/2 mile from downtown nightlife and restaurants. Walkable to drug store, cleaners, Idelwild Park, Reno High School. Approved entitlements include: Zoning change allowing up to 20
residential units. Tentative map for 16 residential units, Special use
permit for grading that allows cuts greater than 20' in depth and a
single family residential attached development. Owners are willing to JV
if buyer desires.
Investment highlights
- Area Comps are selling at over $350 sq ft
- Hard to come by area for Infill Project
- Brand new bike path and sidewalk connecting site to Downtown
Listing Contacts
Listed by Johnson Group Commercial
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