LOGIC Commercial Real Estate is proud to present for sale The Sage Ridge Estates. The Sage Ridge Estates are located in the foothills of West Carson City off of Betts St. The total assemblage sits on just over +/-81 AC and is made up of 133 single family lots which many of those will have incredible city views. Of the 133 single family lots, the standard lot size is +/-4,500 SF with a minimum size of +/-4,500 SF and a maximum of +/-6,000 SF. Carson City is the state capital and also has seen significant growth from such companies as Redwood Materials and many more. The subject property is approximately 50 minutes to Tahoe Reno Industrial Center, 30 minutes to South Lake Tahoe, and 30 minutes to Reno, NV.
The Northern Nevada Regional Housing Authority estimates that the area will need to add around 20,000 new housing units by 2025 to meet the demand generated by job growth and population growth. This estimate takes into account the needs of both renters and homeowners, and includes both existing homes and new construction. Overall, the land market in Carbon City offers developers an opportunity to tap into a growing demand for housing in the region. With limited supply and high demand, the market presents a competitive landscape for developers looking to acquire and develop Build-to-Rent land.
Randy Pease
NAI Alliance Commercial Real Estate Services, LLC
