HIGHLAND AVE. STUDENT HOUSING

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

  • For Sale $18,500,000
  • Property Type Multi-Family
  • Property Size 316,682 SF
  • Units 268
  • Lot Size 3.62 Acre
  • Date Updated Feb 6, 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

Contacts

broker

Richard Johnson

JOHNSON GROUP COMMERCIAL

(775) 823-8877

Location

Getting Around

  • Walk Score ®

    67/100 Somewhat Walkable
  • Transit Score ®

    53/100 Good Transit
  • Bike Score ®

    83/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • ChargePoint

    0.56 miles

  • 7-Eleven

    0.73 miles

  • Zippy Mart

    0.84 miles

  • ChargePoint

    1.12 miles

  • AM PM

    1.27 miles

  • Maverick's

    1.29 miles

  • Maverik

    1.34 miles

  • Silver 12

    0.12 miles

  • Metered Parking

    0.14 miles

  • Metered Parking

    0.19 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

  • Silver 6

    0.34 miles

  • Disabled Parking

    0.36 miles

  • Motel 6

    0.40 miles

  • Motel Capri

    0.45 miles

  • Silver Dollar Motor Lodge

    0.47 miles

  • America's Best Travel Inn

    0.49 miles

  • Showboat Inn

    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

  • Elements Cafe

    0.15 miles

  • crEATe

    0.30 miles

  • Mi Ranchito

    0.31 miles

  • The Eatery

    0.32 miles

  • Gordito's Tacos

    0.33 miles

  • Jimmy John's

    0.39 miles

  • Laughing Planet Cafe UNR

    0.42 miles

  • Panda Express

    0.45 miles

  • Bavarian World

    0.45 miles

  • Denny's

    0.46 miles

  • Coral Academy of Science

    0.28 miles

  • University of Nevada, Reno

    0.39 miles

  • Sierra Vista Elementary School

    0.46 miles

  • University of Nevada, Reno

    0.49 miles

  • Truckee Meadows School

    0.64 miles

  • Coral Academy of Science

    0.71 miles

  • Reno Christian Academy

    0.73 miles

  • Church School

    0.73 miles

  • Glenn Duncan Elementary School

    0.82 miles

  • Fred W Traner Middle School

    0.91 miles

  • Noah's Ark Child Care Center

    1.27 miles

  • Boys & Girls Club of Truckee Meadows

    1.54 miles

  • E L Cord Foundation Child Care Center

    2.24 miles

  • A Bug In A Rug Learning Center

    3.48 miles

Frequently Asked Questions

What is the lease rate for HIGHLAND AVE. STUDENT HOUSING?

Rental asking rate at HIGHLAND AVE. STUDENT HOUSING is $9,250,000.00/YR.

What is the total square footage of HIGHLAND AVE. STUDENT HOUSING?

HIGHLAND AVE. STUDENT HOUSING totals 316,682 square feet.

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Contact Listing Broker

broker

Richard Johnson

JOHNSON GROUP COMMERCIAL

(775) 823-8877