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1330 Gieger Grade Rd 45 Acres of Commercial Land Offered at $39,500,000 in Reno, NV 89521




INVESTMENT HIGHLIGHTS
- ±45 Net Acres of fully entitled multi-family/ mixed use land.
- Utilities to the edge of site.
- There are 1,105 Units Possible.
- The property is adjacent to Summit Sierra Outdoor Lifestyle Center.
EXECUTIVE SUMMARY
This mixed use land is located at the center of a regional commercial and residential hub. The views of the surrounding area include the Sierra Nevada Mountain range to the West and the Virginia Mountain range to the East. The site is ideally located at the intersection of South Virginia Street and mount Rose Highway, less than one mile from the interchange of I-580. This freeway exit is the first in Reno from Carson City and Lake Tahoe. The Summit Shopping Center, adjacent to the site, is the closest major retail destination for the residents of Carson City and Lake Tahoe. It is a 601,491 square foot facility completed in 2006 boasting such names as Apple, Dillard's, and Century Theaters. For many of the tenants, the Summit Shopping Center is the first location in the region, which provides a unique draw to this sub-market. In 2018, the long awaited Southeast Connector project was completed. Terminating just to the North of the site, this roadway will complete a major surface arterial connecting South Reno to East Sparks and the numerous employment opportunities in the Tahoe Reno Industrial Center (home to Tesla, Switch, Amazon, Walmart and other major employers).
PROPERTY FACTS
Price | $39,500,000 | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | Multifamily |
No. Lots | 1 | Total Lot Size | 45.00 AC |
Property Type | Land |
Price | $39,500,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Multifamily |
Total Lot Size | 45.00 AC |
1 LOT AVAILABLE
Lot
Price | $39,500,000 | Lot Size | 45.00 AC |
Price Per AC | $877,777.78 |
Price | $39,500,000 |
Price Per AC | $877,777.78 |
Lot Size | 45.00 AC |
Fully entitled multi-family / mixed use land. Utilities to edge of site. Site at the Terminus of New Southeast Connector. Adjacent to Summit Sierra Outdoor Lifestyle Center. Access to I-580, Steamboat Creek and Regional Shopping.
DESCRIPTION
Reno has a population of over 470,000 with an employment base of over 265,000 people. The Economic Development Authority of Northern Nevada (EDAWN) projects over 50,000 new jobs will be added to the region in the next 5 years.
PROPERTY TAXES
Parcel Number | 017-011-26 | Improvements Assessment | $16,493,986 |
Land Assessment | $2,898,000 | Total Assessment | $19,391,986 |
PROPERTY TAXES
Parcel Number
017-011-26
Land Assessment
$2,898,000
Improvements Assessment
$16,493,986
Total Assessment
$19,391,986
ZONING
Zoning Code | MU |
MU |
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1330 Gieger Grade Rd
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