Marcus & Millichap, as the exclusive listing agent, is pleased to present a prime self-storage development opportunity located on a flat 5-acre parcel in Fernley, NV. This site is conditionally approved for the construction of 94,433 square feet of self-storage, including a 1,200 SF office space. With a newly approved conditional use permit in place, this offers a rare opportunity for a qualified developer to build in one of Nevada's fastest-growing cities.
The seller has made significant progress in the entitlement process, engaging Wood Rogers, a respected engineering firm with offices in Nevada and California, to develop preliminary site plans. With the conditional use permit having been just recently approved, this offering provides a developer ample time to finalize building plans, obtain construction bids, secure financing commitments if needed, etc. prior to commencing construction. The approved conditional use permit is available to potential buyers upon request.
The subject property is located along Farm District Road, which is the primary thoroughfare connecting the majority of Fernley's new housing developments. D.R. Horton, Jenuane Communities, and other home builders have recently completed hundreds of single and multi-family units near the subject property, and hundreds more are under construction and/or in the final planning phases. This site is strategically located in the center of these numerous residential developments, providing immediate access to clientele.
This opportunity is priced at $1,200,000 or just $5.50 per square foot of land.