890 Fremont St, Fernley, NV 89408
26.93 Acres of Commercial Land Offered at $5,688,000 USD in Fernley, NV 89408
For Sale
Active
Asking Price $5,688,000
- Property Type
-
Land
- Square Feet
- 1,144,757 SF
Listing Contacts
Aiman Noursoultanova
Property Overview
CBRE is pleased to present for sale a Class A entitled multifamily development opportunity located in the fast-growing community of Fernley, Nevada. Sherwood Village will consist of 316 units in 17 buildings featuring a mix of 1, 2, and 3-bedroom units, as well as a clubhouse.
Conditional use permit (CUP) and tentative map are approved by the City of Fernley. Final map ready for submission within 30 days or less pending Buyer’s approval of current entitlements. Includes dedicated water rights.
Located just 30 minutes east of the Reno/Sparks metropolitan area, Fernley is situated near major employment centers including the largest industrial park in North America: 107,000-acre Tahoe Reno Industrial Center with prominent employers such as Tesla, Google, and Switch. Fernley is home to 4,300-acre Victory Logistics District, master planned by Mark IV Capital; 78-acre Nevada Commerce Center by Buzz Oates; and a new 446,940 sq. ft industrial project by Mohr Capital, among others.
Conditional use permit (CUP) and tentative map are approved by the City of Fernley. Final map ready for submission within 30 days or less pending Buyer’s approval of current entitlements. Includes dedicated water rights.
Located just 30 minutes east of the Reno/Sparks metropolitan area, Fernley is situated near major employment centers including the largest industrial park in North America: 107,000-acre Tahoe Reno Industrial Center with prominent employers such as Tesla, Google, and Switch. Fernley is home to 4,300-acre Victory Logistics District, master planned by Mark IV Capital; 78-acre Nevada Commerce Center by Buzz Oates; and a new 446,940 sq. ft industrial project by Mohr Capital, among others.
Property Details
- Property Subtype
- Commercial
Highlights
- Rare, entitled development site with conditional use permit and tentative map approved.
- Located in an Opportunity Zone.
- Situated near major employment centers.
- Proximity to major transportation corridors including Interstate 80, US Highway 50, and US Highway 95 Alt.
- Strong regional job growth.
- Development ready site.
All available spaces
- Space
- Lot 1
- Size
- 1,144,757 SF
- Price
- $5,688,000
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