One of a kind opportunity to acquire an entire city block which is only 3 blocks south of the University of Nevada Reno and 1 block east of “The Row” casinos including the El Dorado, Silver Legacy and Circus Circus. The property is a scraped, level, clean, and fenced city block. The site has approved plans for a 277 unit/619 bed student housing project with over 360,000 square feet of living and common area space. Can also be developed as market rate apartments with a similar footprint to the existing plans. The site is also within the federally designated opportunity zone which offers many tax benefits for development. Buyer to verify.
600 University Way is a full city block with in the Downtown/University Reno submarket. This site boasts easy access to Interstate 80 and public transportation and is less than a mile south of The University of Nevada, Reno. Building both new student housing or traditional multifamily housing would allow the developer unlimited density, brand new units, with great walkability creating a strong tenant demand.