NV > Reno > Ward`S Addition
Reno, NV 89503,400 Minerva LN
Reno, NV 89503,400 Minerva LN
Reno, NV 89503,400 Minerva LN
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$899,000
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2,939 SqFt
Active

400 Minerva LN Reno, NV 89503

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Kyle Krch

Kyle Krch

+1(775) 276-5858

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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,939 sqft

Price per Sqft $305

Subdivision Ward`S Addition

MLS Listing ID 250057352

Year Built 1949

Annual Tax Amount $3,221

Lot Size 0.435 Acres

Acres 0.44

Lot Dimensions 0.44

Property Sub-Type Multi Family

Property Description

Prime Redevelopment Opportunity Near UNR, located at both 400 & 0 Minerva Lane, Reno, NV. Just minutes from the University of Nevada, Reno, and downtown's growth corridor, this rare dual-parcel property offers a prime infill redevelopment opportunity. Spanning ±0.435 acres (±18,945 sq.ft.) across two contiguous parcels (APNs 007-201-22 & 007-201-23 being sold together) with an existing ±2,939 sq.ft. structure with 3 units, the site is zoned MF-30 within the West University Neighborhood Plan Overlay, ideal for boutique multi-family development. comprised of a duplex main house with 2 Bed/1 Bath Upstairs/2 Bed/1 Bath Downstairs and a separate detached 1 Bedroom/Bath. The downstairs unit is currently occupied by a tenant paying 950 per month and covering all utilities for the property. Under current zoning, developers can build up to 13 units, with substantial density bonuses available under RMC 18.04.504 (Note: Actual density capacity is subject to verification through slope analysis and may be reduced if the site is classified as hillside development): Up to 23 units possible for smaller ( under 800 sq.ft.) unit designs (80 percent Bonus Density). Up to 18 units for mid-sized (under 1,000 sq.ft.) layouts (45 percent Bonus Density). Up to 17 units for larger (under 1,200 sq.ft.) formats (35 percent Bonus Density). Whether you envision modern student housing, stylish urban apartments, or a mixed-use living community, this site delivers flexibility, scale, and proximity to one of Reno's strongest rental markets. With walkable access to UNR, restaurants, and downtown amenities, this property provides exceptional flexibility for student housing, urban apartments, or a mixed-use project in one of Reno's most desirable rental markets.

Location

State NV

County Washoe

Community Ward`S Addition

Area Ward`S Addition

Zoning MF-30

Direction University Terrace to Ralston to Minerva

Interior

Heating Natural Gas

Cooling Central Air

Flooring Varies

Equipment Satellite Dish

Fireplace No

Laundry In Unit

Exterior

Parking Features Other

Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed

View Y/N No

Roof Type Composition,Pitched,Shingle

Garage No

Building

Lot Description Landscaped

Story 2

Foundation Concrete Perimeter, Crawl Space

Water Public

Structure Type Block,Brick,Concrete,Frame,Wood Siding

Others

Tax ID 007-201-22 / 007-201-23

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA

Listing Terms 1031 Exchange, Cash, Conventional, FHA

Listed by Chase International-Damonte

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Kyle Krch

Kyle Krch

Broker Associate | License ID: 56206

+1(775) 276-5858

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400 Minerva LN