0 Double Diamond Pkwy

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0 Double Diamond Pkwy

Reno, NV 89521
Asking Price
$299K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel measuring 0.117 acres available for purchase
  • Strategically situated in the Reno business and industrial market
  • Asking price for this development site is 299000 dollars
  • Property is classified under the commercial real estate asset type
  • Located within the 89521 zip code of Northern Nevada

What's Special

Reno serves as a primary economic hub in Northern Nevada, benefiting from a diverse landscape of logistics, manufacturing, and technology sectors. This 0.117-acre commercial land parcel at 0 Double Diamond Pkwy positions an investor or business owner within a growing suburban submarket. The site's strategic placement allows for potential development tailored to neighborhood-level commercial needs. Investors looking for a smaller-scale land acquisition in a region characterized by its rapid expansion and favorable business environment will find this tract provides a functional foundation. The property supports various development possibilities consistent with its commercial designation, offering utility for professional services, boutique retail, or specialized office use. Given the ongoing regional development near major transportation corridors, this plot represents a tactical entry point into the local market.

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NOI
$80,000
Cap Rate
26.76%
DSCR
4.51
Strong
Cash-on-Cash
69.40%
Monthly Payment
$1,479.289
Annual Cash Flow
$62,248.534

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