Alternatively, the entitlements could be modified to reduce the commercial acreage and increase multifamily unit count to 340 units. The property can be developed all at once, or in part. Multifamily parcels could be purchased and developed separately from the commercial parcels providing the utmost flexibility for a prospective investor/developer. With all utilities to site and development studies completed, construction can begin promptly. Current market conditions and the flexibility of existing zoning put the property in a prime position for development. The Fernley and Lyon County markets are short on housing due to the rapid influx of sizeable industrial developments and employment centers in the area. Demand for denser housing, office, and retail space in the area is growing with the expansion of numerous manufacturing facilities, large distribution centers as well as the U.S. Top Gun/Naval Base in nearby Fallon. The July 2024 median sales price for existing single-family residences in Lyon County was $414,995, an increase of 9.2 percent from the previous year. With home prices elevated, the demand for rental units continues to be high.