1205 Penny LnFernley, NV 89408

For Sale
$1,999,000

6 Acres, C2 Zoning, High Growth

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 6.03-acre commercial land parcel in Fernley, Nevada, presents a compelling investment opportunity. Located at 1205 Penny Ln, 89408, the property boasts a prime location within Fernley's commercial core, offering unparalleled visibility and accessibility. Zoned C2 (General Commercial), this versatile land allows for a wide range of development options, including hotels, restaurants, and multifamily housing. The site benefits from significant advantages, including 50 acre-feet of water rights, a crucial asset for efficient and cost-effective development. Fernley's robust economic growth, fueled by a diverse range of employers such as Bear Paw, Sherwin Williams, Trex Decks, and Walmart, creates a strong demand for commercial space, ensuring a high return on investment. The property's proximity to the Tahoe Reno Industrial Center further enhances its appeal, providing access to a large workforce and customer base. The APN is 021-272-37, 021-272-38. This is a rare opportunity to acquire a strategically located, well-zoned, and water-rich commercial property in a rapidly expanding Nevada market. The asking price is $1,999,000.

Highlights

  • Prime Fernley location within the commercial epicenter, ensuring high visibility and accessibility.
  • Strategic location near Fernley's employment center and the Tahoe Reno Industrial Center, providing access to a large workforce.
  • Includes valuable 50-acre feet of water rights, streamlining development.
  • C2 General Commercial zoning allows diverse commercial uses.
  • Fernley's strong recent job growth fuels high demand for commercial space.
  • Presence of established employers like Bear Paw, Sherwin Williams, Trex Decks, and Walmart indicates market strength and stability.

Property Details for 1205 Penny Ln

Property type
Other land, Land
Lot Size (sq. ft)
262,667 SF

Location Insight

City
Fernley
County
Lyon
State
Nevada
Latitude
39.6057739
Longitude
-119.223524
1205 Penny Ln, Fernley, Nevada

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1205 Penny Ln
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