The Silver Springs Housing Development at 5285-5965 Esther Avenue in Silver Springs, Nevada, is a strategically positioned site in an area that is facing an extreme housing demand. Comprised of 22, ±5-acre parcels that are ready for permits and housing, all lots have new wells with water rights (30-45 gallons per minute), road access, power to all sites, and there are no covenants, conditions, and restrictions (CC&R) on the development. Located right off US Route 50/Lincoln Highway, the major east-west thoroughfare in Silver Springs, the site is less than 10 minutes from the Silver Springs Airport, sits midway between Carson City and Fallon, and is only 15 minutes from the center of the Tahoe-Reno Industrial Center. The Tahoe-Reno Industrial Center is home to major corporations such as Tesla, Google, Switch, and Walmart and currently has over 15,000 acres in active development. This rapidly expanding center is projected to create 20,000 new jobs over the next three years. Most of the incoming workforce entering Nevada has been from California, and the rural setting of this project, plus the large, ±5-acre lots, is very enticing to these home buyers. The surrounding area also provides an abundance of recreational activities, with riding and biking trails, boating, fishing, and water skiing available at the nearby Lahontan Reservoir and world-class skiing available within 45 minutes at Lake Tahoe. The Silver Springs Housing Development presents an incredible opportunity for an investor looking to capitalize on a rapidly expanding market facing a shortage in workforce housing.
Mike Howard
Ridge NV