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Highly Visible Mixed-Use Development 0 Nutmeg Pl 3.27 Acres of Commercial Land Online Auction Sale Reno, NV 89502
Investment Highlights
- Centrally located near the Reno-Sparks Convention Center, Meadowood Mall, the Atlantis Casino Resort Spa, and other employment centers.
- Prominent location with mixed-use zoning suitable for a wide range of uses, such as self-storage, apartment units, or other mixed-use concepts.
- Proximity to the planned Reno Pro Soccer Stadium, a $350 million mixed-use sports and entertainment center.
- Highly visible 3.27-acre site positioned along Interstate 580, exposed to over 122,600 vehicles daily with excellent regional connectivity.
- Strong market in a tax-free state, with a growing population and increased job growth leading to over $5.5 billion in annual consumer spending.
- Potential Seller carry with 50% down, please call listing agent for details.
Executive Summary
Discover this mixed-use development opportunity on a 3.27-acre lot at 0 Nutmeg Place, Reno, Nevada, within the Central/Airport submarket. The site is located along Interstate 580 and is exposed to over 122,600 vehicles daily. The site's mixed-use zoning allows a wide range of uses, including multifamily, condominium/residential, self-storage, commercial, and service-oriented development, providing flexibility for investors and developers. Potential seller carries with 50% down, please call the listing agent for details.
29.40 acre-feet of water rights are included with the property, per the Truckee Meadows Water Authority, although the net amount depends on the use, further enhancing the site's development viability for water-intensive uses. Its frontage, zoning, and regional connectivity make it a compelling option for developers seeking highly visible projects in Reno.
0 Nutmeg Place offers convenient access to major thoroughfares serving the Greater Reno-Sparks metro area. The property is located right across the freeway from a major planned development: Reno Pro Soccer is planning a 6,000-seat soccer stadium as the cornerstone of The Boulevard Reno, a 28-acre, $350 million mixed-use entertainment district at Kietzke and Peckham lanes. This development will transform a former car dealership and strip mall site into a vibrant destination featuring a hotel, casino, retail, dining, and entertainment, with the stadium expected to be ready for the 2027 USL season. The property is also near key regional destinations, including Reno-Tahoe International Airport, the Reno-Sparks Convention Center, Meadowood Mall, Atlantis Casino Resort Spa, and a wide array of commercial, retail, and employment centers. The surrounding area supports higher-intensity development concentrated along designated urban corridors such as Virginia Street, Fourth Street, Mill Street, and Plumb Lane, and lower-intensity uses transitioning to nearby residential districts. Reno continues to attract significant investment momentum driven by strong job growth, population expansion, and an appealing lifestyle in a tax-free state. Major planned projects in the Reno area include the Reno Revitalization initiative, the Grand Sierra Resort expansion, the Reno Experience District, and the University of Nevada, Reno's Gateway Project, also recently completed 252-unit Pinyon Apartments nearby, all of which contribute to sustained economic growth and demand for development.
Reno/Sparks offers access to a dense, growing population of approximately 500,000 residents, with more than $5.5 billion in consumer spending, within 10 miles of 0 Nutmeg Place, supporting both residential and commercial development strategies. The surrounding area is characterized by affluence and workforce density, with an average household income exceeding $107,700 and a strong employment base supported by more than 22,600 businesses. This combination of visibility, zoning flexibility, regional growth, and prime location positions 0 Nutmeg Place as an attractive investment opportunity for developers and investors seeking well-located land for sale in Reno, Nevada, with exposure, access, and long-term growth potential.
29.40 acre-feet of water rights are included with the property, per the Truckee Meadows Water Authority, although the net amount depends on the use, further enhancing the site's development viability for water-intensive uses. Its frontage, zoning, and regional connectivity make it a compelling option for developers seeking highly visible projects in Reno.
0 Nutmeg Place offers convenient access to major thoroughfares serving the Greater Reno-Sparks metro area. The property is located right across the freeway from a major planned development: Reno Pro Soccer is planning a 6,000-seat soccer stadium as the cornerstone of The Boulevard Reno, a 28-acre, $350 million mixed-use entertainment district at Kietzke and Peckham lanes. This development will transform a former car dealership and strip mall site into a vibrant destination featuring a hotel, casino, retail, dining, and entertainment, with the stadium expected to be ready for the 2027 USL season. The property is also near key regional destinations, including Reno-Tahoe International Airport, the Reno-Sparks Convention Center, Meadowood Mall, Atlantis Casino Resort Spa, and a wide array of commercial, retail, and employment centers. The surrounding area supports higher-intensity development concentrated along designated urban corridors such as Virginia Street, Fourth Street, Mill Street, and Plumb Lane, and lower-intensity uses transitioning to nearby residential districts. Reno continues to attract significant investment momentum driven by strong job growth, population expansion, and an appealing lifestyle in a tax-free state. Major planned projects in the Reno area include the Reno Revitalization initiative, the Grand Sierra Resort expansion, the Reno Experience District, and the University of Nevada, Reno's Gateway Project, also recently completed 252-unit Pinyon Apartments nearby, all of which contribute to sustained economic growth and demand for development.
Reno/Sparks offers access to a dense, growing population of approximately 500,000 residents, with more than $5.5 billion in consumer spending, within 10 miles of 0 Nutmeg Place, supporting both residential and commercial development strategies. The surrounding area is characterized by affluence and workforce density, with an average household income exceeding $107,700 and a strong employment base supported by more than 22,600 businesses. This combination of visibility, zoning flexibility, regional growth, and prime location positions 0 Nutmeg Place as an attractive investment opportunity for developers and investors seeking well-located land for sale in Reno, Nevada, with exposure, access, and long-term growth potential.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Property Information
- Purchase Agreement
- Register to Bid Instructions
- Title and Insurance
Property Facts
| Property Type | Land | Total Lot Size | 3.27 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | Mixed Use | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 3.27 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | Mixed Use |
1 Lot Available
Lot
| Lot Size | 3.27 AC | Parcel Number | 020-480-02 |
| Lot Size | 3.27 AC |
| Parcel Number | 020-480-02 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Sale Advisor
Sale Advisor
Aiman Noursoultanova, Senior Vice President
Aiman Noursoultanova, CCIM, Senior Vice President of the Reno Investment Properties Group, brings over 25 years of expertise in commercial real estate to her role, where she is a trusted advisor to owners and investors throughout Northern Nevada. With a remarkable track record, Aiman has successfully closed transactions exceeding $2.5 billion, encompassing a wide range of property types, including apartment communities, office complexes, industrial parks, and retail centers.
Renowned for her deep understanding of capital markets and financial underwriting, Aiman excels in strategic negotiation and complex transaction management. Her clients rely on her comprehensive market insights and keen analytical skills, positioning her as an invaluable resource for navigating the intricacies of commercial investment. Aiman's impressive record includes the sales of the region's largest student housing property and the market's largest office building. She also played a key role in negotiating the sale of the former Reno Gazette Journal headquarters—now the Reno Public Safety Center—as well as the land for the Park Lane Mall, which has been redeveloped into the vibrant Reno Experience District.
Aiman is not only dedicated to her clients but also to her profession. She is a founding board member and former president of CREW of Northern Nevada and has actively contributed to the CCIM of Northern Nevada as a past board member and president. Aiman is also passionate about sharing her knowledge, having presented at numerous local events and conducted guest lectures at the University of Nevada, Reno.
Her unwavering commitment to excellence and her clients’ success make Aiman a distinguished figure in the commercial real estate landscape of Northern Nevada.
Renowned for her deep understanding of capital markets and financial underwriting, Aiman excels in strategic negotiation and complex transaction management. Her clients rely on her comprehensive market insights and keen analytical skills, positioning her as an invaluable resource for navigating the intricacies of commercial investment. Aiman's impressive record includes the sales of the region's largest student housing property and the market's largest office building. She also played a key role in negotiating the sale of the former Reno Gazette Journal headquarters—now the Reno Public Safety Center—as well as the land for the Park Lane Mall, which has been redeveloped into the vibrant Reno Experience District.
Aiman is not only dedicated to her clients but also to her profession. She is a founding board member and former president of CREW of Northern Nevada and has actively contributed to the CCIM of Northern Nevada as a past board member and president. Aiman is also passionate about sharing her knowledge, having presented at numerous local events and conducted guest lectures at the University of Nevada, Reno.
Her unwavering commitment to excellence and her clients’ success make Aiman a distinguished figure in the commercial real estate landscape of Northern Nevada.
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Highly Visible Mixed-Use Development | 0 Nutmeg Pl
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