175 Denmark DrPatrick, NV 89434

For Sale
$4,388,670

Nevada Industrial Land, Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 8.06-acre industrial land parcel, located at 175 Denmark Drive in Sparks, Nevada (APN: 005-101-08), presents a unique investment opportunity within the thriving Tahoe-Reno Industrial Center (TRIC). Zoned I2, allowing for mixed retail, commercial, and light industrial uses, this property offers significant potential. Its prime location borders a newly constructed 75-acre lake, enhancing its appeal and value. Situated in Storey County, Nevada, this offering benefits from a business-friendly environment characterized by streamlined permitting processes and the absence of state income and corporate taxes. The property's designation as an Opportunity Zone further enhances its investment attractiveness. With its proximity to Reno (20 minutes) and Lake Tahoe (45 minutes), this land enjoys exceptional access to a robust workforce and a thriving tourism sector. The high demand for retail and hospitality in the area, coupled with TRIC's strategic growth, positions this property for substantial returns. The asking price is $4,388,670, translating to approximately $12.50 per square foot. This is a rare chance to acquire a sizable, versatile parcel in a rapidly developing area with significant long-term growth prospects.

Highlights

  • Highly desirable Tahoe-Reno Industrial Center (TRIC) location.
  • 8.06-acre parcel, APN 005-101-08.
  • Qualified Opportunity Zone.
  • Nevada's tax-advantaged environment: no state income or corporate tax.
  • Story County, NV offers expedited permitting.
  • Adjacent to a newly constructed 75-acre lake.

Property Details for 175 Denmark Dr

Property type
Other land, Other industrial properties
Lot Size (sq. ft)
351,094 SF

Location Insight

City
Patrick
County
Storey
State
Nevada
Latitude
39.540424479578
Longitude
-119.48301481052
175 Denmark Dr, Patrick, Nevada

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175 Denmark Dr
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