Reno, Nevada, known as "The Biggest Little City in the World," offers a unique opportunity for investors to capitalize on the city's growing economy and diverse industries. Commercial Land for Sale in Reno presents a lucrative investment option, with the city's strategic location and infrastructure making it an attractive destination for businesses and tourists alike. Commercial Land investments can represent a range of opportunities, from retail and office spaces to industrial and entertainment venues. Reno's characteristics, such as its proximity to Lake Tahoe, the Sierra Nevada Mountains, and its location along the Nevada-California border, make it an ideal place to invest in Commercial Land. The city's amenities, including the Regional Transportation Commission of Washoe County bus system, Amtrak rail service, and Reno–Tahoe International Airport, provide easy access to the region. Additionally, Reno is home to several major companies, including Tesla, Amazon, and Switch, as well as institutions like the University of Nevada, Reno, and the University of Nevada Reno School of Medicine. The city's attractions, such as the National Automobile Museum, the Nevada Museum of Art, and the Reno Philharmonic Orchestra, make it a great place for business and travel.
Reno's Commercial Land market offers a range of opportunities, with 57 listings available. The average price per square foot for Commercial Land in Reno is $244 USD, with an average size of 21,900 square feet. The largest Commercial Land listing available is 27,000 square feet. In addition to Commercial Land, Reno also offers other property types, such as Office Space, Retail Space, Industrial Space, and Multifamily Properties. The city's Office Space market is characterized by its proximity to major companies and institutions, while Retail Space benefits from the city's tourist attractions and amenities. Industrial Space in Reno is ideal for companies looking to take advantage of the city's distribution and logistics infrastructure, and Multifamily Properties offer a range of housing options for residents. Overall, Reno's Commercial Land market presents a unique opportunity for investors to capitalize on the city's growing economy and diverse industries.
What are common commercial uses for land in the Reno market?
In the Reno market, common commercial uses for land include development of industrial parks, warehouses, and distribution centers, taking advantage of the city's strategic location for logistics and transportation. Additionally, land is also used for retail centers, office buildings, and hospitality projects, catering to the growing tourism industry and the needs of major employers in the area, such as Tesla and Amazon.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Reno, there are several common ways to do so. For instance, investors can buy land directly from a seller, work with a commercial real estate broker, or purchase land at a public auction, as outlined in our article on how to buy land.
