Virginia Ranch - Development Opportunity

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Jessie Long
5 years ago
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FOR SALE - Development Opportunity Contact: Chad Coons, CCIM (775) 720-2115 cell (775) 782-3434 office 2288 Main Street Genoa, NV 89411 chadcoons@gmail.

1 FOR SALE - Development Opportunity Contact: Chad Coons, CCIM (775) cell (775) office 2288 Main Street Genoa, NV chadcoons@gmail.com Offering Highlights 1,020 Residential Units Approved Significantly reduced Water Connection fees Up to 75 acres of Commercial Zoning Adjacent to new Super Walmart High Density Residential (Single or Multi-Family) Muller Lane Pkwy & Hwy access +/- 200 acres of Prime Land for Development List Price: $18,000,000 The information contained herein has been provided by the owner or other sources deemed reliable. The Broker does not guarantee the accuracy of this information. All information should be verified by the recipient prior to the purchase, lease or exchange.

2 Property Details Land Use and Zoning Benefited by Douglas County approved Specific Plan authorizing 1,020 residential units in five phases of either single family or multi-family. Approx $7,364,369 Savings in current water connection fees due to prior annexing and water rights fees paid for by Seller. Not subject to Douglas County Growth Management Ordinance. Protected against future master plan and ordinance changes. Up to 75 of the 200 acres approved for rezoning to any form of commercial zoning under Douglas County Code with no net loss of total residential units. Currently zoned A-19 (19 acre minimum parcel size) Master plan land use designation is Receiving Area, targeted for development with use of transferrable development rights (TDR s). Seller owns sufficient certified TDRs for full build-out of 1,020 residential units and 75 acres of commercial development. Five (5) additional acres zoned service industrial for RV storage business. Development through subdivision mapping and planned Development (PD) per Douglas County Code. Zoning map amendment assured through binding agreement between Douglas County and Seller. Design Review, administrative only per code. Other Approvals Annexed by Gardnerville Water Company and willserve letter issued. Annexed by Minden-Gardnerville Sanitation District and will-serve letter issued. Full Development traffic study completed. Physical Characteristics Topography - relatively flat No known faults or geological hazards No known significant historical or cultural resources Not in high fire hazard area Small portion of land falls within AO flood zone Majority of land within shaded X flood zone. Few development constraints Adjacent Uses Barton Memorial Hospital Senior assisted living (Merrill Gardens) Commercial center with 152,000 SF Super Walmart and up to an additional 20 acres of general commercial development.

Location Location Description and State Tax Structure It is located approx. 13 miles south of Carson City, 50 miles south of Reno, 128 miles east of Sacramento and 212 miles east of San Francisco.

3 Location Location Description and State Tax Structure It is located approx. 13 miles south of Carson City, 50 miles south of Reno, 128 miles east of Sacramento and 212 miles east of San Francisco. Hwy 395 & Hwy 50 are the 2 major highways that serve this region. Nevada has no personal or corporate state income tax, no inventory tax, no franchise tax, no unitary tax, no estate and or gift tax, no inheritance tax and no special intangible tax. Sales tax in Douglas County is currently 7.1%.

4 Area Map (Specific Plan - Original Approval with flood zone overlay)

5 Area Map (Specific Plan - Original Approval, conceptual)

6 Area Map (Outline of Specific Plan)

7 Area Map (Aerial Map of Specific Plan)

8 Area Map (Approximate Aerial of Subject Property)

9 Area Map ( Current Zoning)

10 Parcel Summary Parcel Map Parcel # Acres Land SF ,931, ,079,806

Utilities Utility Contacts ELECTRIC WATER/SEWER NATURAL GAS TELEPHONE CABLE NV Energy 800.962.0399 or 775.834.4444 6100 Neil Rd. Carson / 875 Long St. Reno www.nvenergy.

11 Utilities Utility Contacts ELECTRIC WATER/SEWER NATURAL GAS TELEPHONE CABLE NV Energy or Neil Rd. Carson / 875 Long St. Reno Douglas County Public Works 1120 Airport Road, Bldg f-2 Minden, NV Gardnerville Water Company 1579 Road Gardnerville, NV Southwest Gas 400 Eagle Station Lane Carson City, NV Frontier 1520 Church Street Gardnerville, NV Charter Communications 9335 Prototype Dr. Reno, NV For Property Information or Site Visits Contact: Chad Coons, CCIM (775) cell (775) office 2288 Main Street Genoa, NV chadcoons@gmail.com

12 DEMOGRAPHICS

100 N ARLINGTON AVENUE 1ST & 2ND FLOOR RENO, NEVADA

100 N ARLINGTON AVENUE 1ST & 2ND FLOOR RENO, NEVADA 100 N ARLINGTON AVENUE CONTACT US DAVID WOODS, CCIM +1 775 321 4459 david.woods@cbre.com www.cbre.com/david.woods MATT GRIMES, CCIM +1 775 356 6290 Matt.grimes@cbre.com www.cbre.com/matt.grimes CBRE, INC.