ASKING 10% OF PREVIOUS APPRAISED VALUE!
676 SINGLE FAMILY LOTS
RENO, NV
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LOCATION: | Highway 80. Small neighborhood community of Verdi. Located 10 minutes west of downtown Reno, in the City of Reno, Nevada. |
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APN/SIZE: | 038-010-05; 038-100-10 and 11; and 038-830-002 totaling 1,001.21+/- acres. |
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TOPO: | Flat to 30%+ slope. |
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ZONE: | PUD - Mortensen/Garson Overlay District. Allows for approximately 676 units. Property has an approved Development Standards Handbook ("DSH"). this is somewhat equivalent to an Approved Specific Plan. The property development is approved. If submitted maps are in conformance with the DSH, approvals should be procedural in nature. A tentative map is in the design state with Summit Engineering. BUYER TO VERIFY ZONING AND THAT IT WILL ALLOW BUYER'S INTENDED USE. |
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UTILITIES: | Sewer is adjacent to site; all others substantially offsite. Refer to DSH for complete details. Electric - Sierra Pacific Power; Gas - Pacific Power/Westpac Utilities; Telephone - SBC Communications; Cable - Charter Communications; and Water - Truckee Meadows Water Authority. |
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MISC: | Property annexed into the City of Reno. An existing oil pipeline and fiber optic line runs through the property. The project was planned to be developed concurrently with the adjacent 159 unit Canyon Ranch property and the 96 unit Riverbend property. |
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PRICE: | MAJOR PRICE REDUCTION! REDUCED TO $4,080,000. Previously approved at $40,800,000. |
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CONTACT: | Bill Korek at (818) 787-3077 or Ron Cobb at (775) 329-4000 for additional information. This is a shared listing with Ron Cobb of Commercial Partners of Nevada, LLC. |
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KOREK LAND COMPANY, INC.
15230 Burbank Blvd., Suite 101, Sherman Oaks CA 91411
Telephone: (818) 787-3077; Fax: (818) 787-9677
E-mail: mail@korekland.com