Vacant Land New UNR For Sale

For Sale

0 Wells Avenue , Reno, NV 89512

This Reno property for sale is located at 0 Wells Avenue . The current listed sale price for Vacant Land New UNR For Sale is $12,000,000.

Contacts

broker
Reed Simmons

Avison Young - US - NV - Reno | Western Alliance Commercial Inc.

Property Details

  • Property Type Other
  • Property Size 469,141.2 SF
  • Date Updated May 23, 2025

This Wells Avenue project is one of the few remaining infill sites inside the McCarran Avenue ring. Consisting of 10.77 acres of a combination of MF30 and MU zoning, the location is ideal for multifamily housing. The tenant occupied area has a ground lease to an environmental recycle company with approximately 5 years remaining, which could allow for a developer to complete a project in two phases while receiving triple net rents on a portion of the site.

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Highlights

  • - Includes a ground lease for Reno Rendering.
  • Approximately 5 years remaining
  • Lease is triple net
  • Annual rent is $96,000
  • Lease has no options for renewal
  • Lease has right of first refusal
  • - Price includes 4 houses on Winston Dr. for purposes of access.

Getting around

  • 67/100

    Walk Score ®

  • 56/100

    Transit Score ®

  • 85/100

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Location

  • City Reno, NV
  • Neighborhood Northeast Reno
  • Zip Code 89512
  • Market Reno

Points of Interest

  • Reno

    0.77 miles

  • Casino Tower, North Tram

    0.79 miles

  • Casino Tower, South Tram

    0.79 miles

  • Sky Tower, North Tram

    0.86 miles

  • Sky Tower, South Tram

    0.87 miles

  • Idlewild Park Train Ride

    1.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Reed Simmons

Avison Young - US - NV - Reno | Western Alliance Commercial Inc.

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