FOR SALE CHOCOLATE DRIVE ±48.25 ACRES RESIDENTIAL DEVELOPMENT LAND RENO, NEVADA
RENO/TAHOE INTERNATIONAL AIRPORT
UNIVERSITY OF DOWNTOWN NEVADA, RENO
McCARRAN BLVD
N. VIRGINIA ST./BUSINESS 395
SUN VALLEY BLVD. TRUCKEE MEADOWS DESERT COMMUNITY COLLEGE RESEARCH INSTITUTE SITE
LADERA RANCH DR HORTON HOUSING DEVELOPMENT) CHOCOLATE DRIVE NORTHSTAR RANCH (LENNAR)
EAST 7TH AVENUE
www.cbre.com/reno FOR SALE CHOCOLATE DRIVE ±48.25 ACRES RESIDENTIAL DEVELOPMENT LAND RENO, NEVADA
PROPERTY HIGHLIGHTS
SALE DETAILS: ++ Sale Price: $750,000 ++ APNs: 502-250-09 (45.5 acres); 502-250-10 (2.75 acres) SITE ++ Total Size: ±48.25 acres ++ Zoning: MDS and GR ++ Flood Zone: X (outside of the 100-year flood zone)
INVESTMENT HIGHLIGHTS: ++ Potential for up to 150 residential lots. ++ Utility services available. ++ Flat to gentle upslope. ++ Close proximity and easy access to major transportation routes and bus service. ++ Near the Truckee Meadows Community College. ++ Ideal for entry level and affordable single family housing development or manufactured housing subdivision.
CONTACT US
REX MASSEY BRETT EDWARDS +1 775 321 4480 +1 775 823 6968 [email protected] [email protected]
www.cbre.com/reno FOR SALE CHOCOLATE DRIVE ±48.25 ACRES RESIDENTIAL DEVELOPMENT LAND RENO, NEVADA
SITE NORTH VALLEYS
DESERT RESEARCH INSTITUTE
UNIVERSITY OF NEVADA, RENO TRUCKEE MEADOWS COMMUNITY COLLEGE McCARRAN BLVD
McCARRAN BLVD
< DOWNTOWN RENO SPARKS
www.cbre.com/reno FOR SALE CHOCOLATE DRIVE ±48.25 ACRES RESIDENTIAL DEVELOPMENT LAND RENO, NEVADA
POTENTIAL FOR A MANUFACTURED HOME COMMUNITY
CHOCOLATE DRIVE OFFERS A SOLID INVESTMENT OPPORTUNITY FOR AN ENTRY-LEVEL HOUSING DEVELOPMENT INCLUDING MANUFACTURED HOUSING UNITS. WITH THE POTENTIAL FOR AS MANY AS 150 LOTS, THE COST PER UNIT IS APPROXIMATELY $5,000 FOR LAND. NEWER MANUFACTURED HOUSING UNITS IN THE AREA CAN SELL IN THE LOW $300,000S. A LEVEL SITE BACKING TO REDFIELD OPEN SPACE WITH UTILITIES NEARBY PROVIDES AN OPPORTUNITY TO MEET THE EVER INCREASING HOUSING DEMAND IN THE RENO/SPARKS AREA.
www.cbre.com/reno FOR SALE CHOCOLATE DRIVE ±48.25 ACRES RESIDENTIAL DEVELOPMENT LAND RENO, NEVADA
CONCEPTUAL PLAN
www.cbre.com/reno FOR SALE CHOCOLATE DRIVE ±48.25 ACRES RESIDENTIAL DEVELOPMENT LAND RENO, NEVADA
PARCEL MAP
Assessor's Map Number SEC. 24 & POR. OF SE 1/4 OF SEC. 23, T20N - R19E 502-25 14 13
Ê WAINSCOTT Ê 13 23 24 2587.29 Ê DRIVE STATE OF NEVADA 1 13 18 1233.2 1 2 Ê 24 4 41.68 1352.34 .4 292.79 Ê W. FIFTH 4 24 PAR. 1 17 PAR. 4 19 138.53 4.14 30 WASHOE COUNTY P.M. 3767 3 P.M. 3767 AVENUE 2 ASSESSOR'S OFFICE 9 . 6 3 OFFERED FOR DEDICATION TO Joshua G. Wilson, Assessor WASHOE CO. QUID LANE 1001 East Ninth Street LOT 2 3 Building D 4 3 Reno, Nevada 89512 . 2 38.71 6 (775) 328-2231 E MAGGIE
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4 AVENUE 4 35-01 POR. PAR. 2 03-10 P.M. 3598 9 SUN VALLEY GID 8 . R/S 4086 .52 9 330 1 68 3 TANK SITE ESMT. .6 3 1 0 2 5 6 . 160.72 502-250-30 1 2 AREA = 3.03 Ac. 1 . 9 5 97.65 2 3.806 ac. 67.90 S 58 .44 DED. T.M. 3979 .23 46 20.96 P 18.55 6 72 1 77.2 LOT 7 1 3 E 1 .34 108 .3 27 6 .63 101.25 . 6 8 C 1 6 0 2 0 3 .0 .8 8 39.81 6 ACCESS ESMT. 14 . 9 6 0 6 0 3 T . 3. 3 6 73 131 . 0 6 4 .7 .8 . 4 LOT 8 8 8 1 1 R 7 1 6 . 5 8 97 3 1 17 754.19 3 2 0 5 U Å 1 .7 36.49 1 .4 314 6 M U .S created by: ___T__W__T__ 1_1__/1__0_/_2_0_0__9______
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R area previously shown on map(s) 23 23 24 Ê Ê 2579.19 24 273.60 ______26 26 Ê 25 Ê 2297.74 24 19 25 Ê 25 Ê 30 NOTE: This map was prepared for the use of the Washoe County Assessor for assessment and illustrative purposes only. It does not represent a survey of the premises. No liability is assumed as to the sufficiency or accuracy of the data delineated hereon.
www.cbre.com/reno FOR SALE CHOCOLATE DRIVE ±48.25 ACRES RESIDENTIAL DEVELOPMENT LAND RENO, NEVADA
EXCEPTIONAL MARKET FUNDAMENTALS
STRONG REGIONAL JOB GROWTH According to the Tax Foundation, Nevada ranks third in the United States for best tax climate.0 This business-friendly tax environment has opened up many possibilities for out-of-state companies to locate facilities here including Tesla, Panasonic, Switch, and Apple.0 As noted by local economic development officials from a recent study called the “EPIC” report (http://edawn.org/ epic-report), the region is forecast to create approximately 50,000 jobs and population growth of over 60,000 new residents between 2015 and 2019.
Current employment is approximately 230,000 people with a population of approximately 500,000 in the metro area. According to the study, the area of Washoe County is seeing steady and improving demographic and employment growth. The economy is becoming increasingly diversified due to a proactive Amazon distribution warehouse at LogistiCenter 395 regional business recruitment and retention strategy. Northern Nevada is supported by locational/transportation advantages which include access to Interstate 80, Union Pacific Mainline Rail, inexpensive redundant power sources and superior fiber connectivity. The infrastructure supports the region’s emergence as a powerhouse in worldwide technology-based commerce.
The region also has a renewed focus on advanced manufacturing which is paying dividends. Reno has experienced a 14.7 percent growth in manufacturing employment over the past five years.0 Sectors such as healthcare and clean energy are also experiencing strong growth.0 Some of the notable companies that have recently located or expanded to Northern Nevada include:
International Game Technology (IGT) campus
www.cbre.com/reno FOR SALE CHOCOLATE DRIVE ±48.25 ACRES RESIDENTIAL DEVELOPMENT LAND RENO, NEVADA
RECENTLY RELOCATED COMPANIES
Tesla/Panasonic selected Northern Nevada as their location for the world’s largest Gigafactory focusing on manufacturing of cutting edge technologically advanced energy storage. The first of several buildings at 3 million square feet is currently being occupied. The project is expected to create up to 20,000 jobs. The economic impact of Tesla is so large that it will add 20% to the region’s GDP.
Switch has just completed construction of the world’s largest data center building at 1.2 million square feet. Switch has committed to constructing a total of 7 buildings and 7.2 million square feet of high tech data campus on 1,000 acres. The company is expected to hire thousands of employees. Due to its location in Northern Nevada Switch is also constructing a fiber hyperlink which will connect Reno, Las Vegas, Los Angeles and San Francisco in under 7 milliseconds.
Apple Apple acquired 350 acres in the 2,300 acre Reno Technology Park and has been under continuous construction on its $1 billion iTunes data center. Additionally, Apple’s Braeburn Capital, its money management division, is headquartered in south Reno investing billions in this tax free state.
Ghost Systems, a cyber security data firm, recently moved its headquarters to Reno and plans to construct a larger underground data center in the Reno Technology Park. Economic Development officials anticipate this company to be a large high tech employer.
www.cbre.com/reno FOR SALE CHOCOLATE DRIVE ±48.25 ACRES RESIDENTIAL DEVELOPMENT LAND RENO, NEVADA
EXISTING NOTABLE EMPLOYERS
Microsoft Licensing moved its International Game Technology is headquarters to Reno a decade the world’s largest gaming ago and now has 500 employees. company. Its Reno campus at The company licenses software 1 million square feet houses both worldwide from its 120,000 square R&D and manufacturing groups. foot campus in south Reno.
Microsoft Licensing headquarters
Renown Health is the largest Sierra Nevada Corporation is one healthcare provider in the region. of the nation’s largest defense The company currently employs contractors and is headquartered 5,600 and continues to in Sparks, Nevada. It has 3,000 aggressively expand in the region. employees, most of whom are scientists, engineers, or technical personnel with college or advanced degrees.
Intuit Payroll Services has been headquartered in Reno since 2001. It now has 600 employees located in 150,000 square feet of office space. Intuit Payroll Services headquarters
www.cbre.com/reno FOR SALE CHOCOLATE DRIVE ±48.25 ACRES RESIDENTIAL DEVELOPMENT LAND RENO, NEVADA
REGIONAL EMPLOYERS MAP
EMPLOYERS MAP - NORTHERN NEVADA
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© 2018 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Sources: CBRE Location Intelligence Group (877) 580-4674; ESRI, StreetPro, Microsoft Bing. 349154 03/21/2018
© 2018 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. 70629157-88758