This ±1.9-acre property, adjacent to the Tesla dealership on Reno’s S. Virginia Street, offers a prime development opportunity. Benefiting from high visibility with 124,000 daily freeway traffic counts and a strong local demographic with an average household income of $140,811 within a three-mile radius, the site is ideally suited for multifamily or commercial projects due to its strategic location near businesses and major thoroughfares, with easy access to regional attractions.
The property is ideally situated within the thriving South Meadows trade area, a key component of Reno’s Southwest submarket. Specifically, it’s located in the affluent suburb of South Reno, surrounded by a vibrant commercial and retail environment. The location within the developing Scandia Campus and adjacent to the Foothill Commerce Center creates a synergistic business environment.