HIGHLAND AVE. STUDENT HOUSING

For Sale

434 Highland Ave., UNR Student Housing, Reno, NV 89512

This Reno property for sale is located at 434 Highland Ave., UNR Student Housing. The current listed sale price for HIGHLAND AVE. STUDENT HOUSING is $18,500,000. HIGHLAND AVE. STUDENT HOUSING is situated on a lot that is 3.62 acre in size.

Contacts

broker
Richard Johnson

JOHNSON GROUP COMMERCIAL

Property Details

  • Property Type Multi-Family
  • Property Size 316,682 SF
  • Units 268
  • Lot Size 3.62 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 10, 2024
At the university of NevadaJohnson Group Commercial Real Estate is thrilled to present an exceptional opportunity in the dynamic realm of Student Housing Development. Our offering is a meticulously planned and fully permitted high-value project, poised for immediate construction. The project stands shovel-ready, equipped with all necessary components, from property inspections to approved drawings, promising a seamless transition from vision to reality. The strategic location of this project serves as a key advantage. Nestled in a Business Opportunity Zone and positioned within a mere half-block from the University of Nevada, Reno (UNR), this venture benefits from being granted building permits before recent zoning changes in the area. Consequently, this unique circumstance ensures that there will be no future Student Housing Projects with such high-density occupancy, presenting investors with an extraordinary value-added opportunity and the potential for an exceptionally high rate of return. For those unfamiliar with UNR, it is a Tier-1 University experiencing significant growth, currently boasting a student body of approximately 23,000, with projections indicating an increase to 25,000 soon. With Johnson Group Commercial Real Estate, you have the chance to invest in a project perfectly positioned to cater to the evolving needs of this expanding student population. Join us in seizing this rare opportunity at the intersection of strategic planning, prime location, and the potential for lucrative returns.
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Highlights

  • Property is located on the immediate southeast side of UNR. This is a "Shovel Ready Permitted Project".
  • The enrollment of UNR is expected to reach 23,000 students by 2025, and 25,000 students by 2030.
  • The close walking distance and existing building permit creates a great value add to this site.
  • This property is an assemblage of 11 prior parcels. Includes design, and inspections, permitted for 268 units consisting of 945 total beds.
  • Recent zoning changes will likely prevent additional high-density student housing projects like this, near the University.
  • The property is located in a qualified "Opportunity Zone".
  • UNR is rated as the most affordable Tier-1 university.
  • 910-Bed Shovel-Ready Project. Project has all land inspections and reports, approved drawings, and construction approved permits. Please call broker for more information

Getting around

  • 67/100

    Walk Score ®

  • 53/100

    Transit Score ®

  • 83/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Reno, NV
  • Neighborhood West University
  • Zip Code 89512
  • Market Reno

Points of Interest

  • Casino Tower, North Tram

    0.64 miles

  • Casino Tower, South Tram

    0.64 miles

  • Sky Tower, North Tram

    0.70 miles

  • Sky Tower, South Tram

    0.72 miles

  • Reno

    0.78 miles

  • Idlewild Park Train Ride

    1.74 miles

  • ChargePoint

    0.43 miles

  • Jacksons

    0.44 miles

  • Chevron

    0.50 miles

  • 7-Eleven

    0.73 miles

  • Tesla Supercharger

    0.79 miles

  • Tesla Destination Charger

    0.80 miles

  • Zippy Mart

    0.84 miles

  • ARCO

    1.27 miles

  • Maverik

    1.32 miles

  • 76

    1.43 miles

  • Silver 12

    0.12 miles

  • Metered Parking

    0.14 miles

  • Silver 3

    0.21 miles

  • Silver 8

    0.22 miles

  • Silver 1

    0.22 miles

  • TLT services parking lot

    0.24 miles

  • Silver 9

    0.30 miles

  • Hobey's Parking Garage

    3.20 miles

  • Motel 6

    0.40 miles

  • Motel Capri

    0.45 miles

  • Silver Dollar Motor Lodge

    0.47 miles

  • America's Best Travel Inn

    0.47 miles

  • Howard Johnson

    0.51 miles

  • Travelodge

    0.52 miles

  • White Court Motel

    0.57 miles

  • Swan Inn

    0.57 miles

  • Flamingo Motel

    0.57 miles

  • Horseshoe Motel

    0.57 miles

  • US Foods Chef's Store

    1.30 miles

  • Raley's

    1.34 miles

  • Save Mart

    1.36 miles

  • Sak 'N Save

    1.48 miles

  • Ross

    1.59 miles

  • WinCo Foods

    1.67 miles

  • Walmart Supercenter

    1.67 miles

  • Asia Market

    1.98 miles

  • Marketon

    2.03 miles

  • Grocery Outlet

    2.13 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Richard Johnson

JOHNSON GROUP COMMERCIAL