Self Storage
Self-Storage Land Development Opportunity
Farm District Rd, Fernley, NV 89408
Listing Price: $1,200,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to present a prime self-storage development opportunity located on a flat 5-acre parcel in Fernley, NV. This site is conditionally approved for the construction of 94,433 square feet of self-storage, including a 1,200 SF office space. With a newly approved conditional use permit in place, this offers a rare opportunity for a qualified developer to build in one of Nevada's fastest-growing cities.
The seller has made significant progress in the entitlement process, engaging Wood Rogers, a respected engineering firm with offices in Nevada and California, to develop preliminary site plans. With the conditional use permit having been just recently approved, this offering provides a developer ample time to finalize building plans, obtain construction bids, secure financing commitments if needed, etc. prior to commencing construction. The approved conditional use permit is available to potential buyers upon request.
The subject property is located along Farm District Road, which is the primary thoroughfare connecting the majority of Fernley's new housing developments. D.R. Horton, Jenuane Communities, and other home builders have recently completed hundreds of single and multi-family units near the subject property, and hundreds more are under construction and/or in the final planning phases. This site is strategically located in the center of these numerous residential developments, providing immediate access to clientele.
Fernley, situated in Lyon County along the I-80 corridor, is the third fastest growing city in Nevada. Since its incorporation in 2001, Fernley's population has more than doubled, reaching over 23,900 residents in 2023. The city has maintained an annual growth rate of approximately 1.6% since 2010. The median age is 38.3 years, with over 70% of residents under 45, indicating a youthful and dynamic community. Fernley is projected to reach approximately 40,000 residents over the next 20 years.
As land and development costs rise in Nevada, prime self-storage sites are becoming increasingly limited due to competition from residential, retail, and office/industrial projects. In summary, Fernley's robust population growth, strategic location, economic expansion, and quality of life make it a compelling choice for commercial real estate investment and development. This opportunity is priced at $1,200,000 or just $5.50 per square foot of land.
Self-Storage Land Development Opportunity
Investment Highlights
- Conditionally permitted for the development of 94,055 square feet of storage and a 1,200 square foot leasing office.
- Fernley is the third fastest growing city in Nevada, strategically located along the I-80 corridor.
- Since 2001, Fernley's population has more than doubled, reaching over 23,900 residents in 2023.
Exclusively Listed By
Listing Price: $1,200,000
Investment Highlights
- Conditionally permitted for the development of 94,055 square feet of storage and a 1,200 square foot leasing office.
- Fernley is the third fastest growing city in Nevada, strategically located along the I-80 corridor.
- Since 2001, Fernley's population has more than doubled, reaching over 23,900 residents in 2023.
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to present a prime self-storage development opportunity located on a flat 5-acre parcel in Fernley, NV. This site is conditionally approved for the construction of 94,433 square feet of self-storage, including a 1,200 SF office space. With a newly approved conditional use permit in place, this offers a rare opportunity for a qualified developer to build in one of Nevada's fastest-growing cities. The seller has made significant progress in the entitlement process, engaging Wood Rogers, a respected engineering firm with offices in Nevada and California, to develop preliminary site plans. With the conditional use permit having been just recently approved, this offering provides a developer ample time to finalize building plans, obtain construction bids, secure financing commitments if needed, etc. prior to commencing construction. The approved conditional use permit is available to potential buyers upon request. The subject property is located along Farm District Road, which is the primary thoroughfare connecting the majority of Fernley's new housing developments. D.R. Horton, Jenuane Communities, and other home builders have recently completed hundreds of single and multi-family units near the subject property, and hundreds more are under construction and/or in the final planning phases. This site is strategically located in the center of these numerous residential developments, providing immediate access to clientele. Fernley, situated in Lyon County along the I-80 corridor, is the third fastest growing city in Nevada. Since its incorporation in 2001, Fernley's population has more than doubled, reaching over 23,900 residents in 2023. The city has maintained an annual growth rate of approximately 1.6% since 2010. The median age is 38.3 years, with over 70% of residents under 45, indicating a youthful and dynamic community. Fernley is projected to reach approximately 40,000 residents over the next 20 years. As land and development costs rise in Nevada, prime self-storage sites are becoming increasingly limited due to competition from residential, retail, and office/industrial projects. In summary, Fernley's robust population growth, strategic location, economic expansion, and quality of life make it a compelling choice for commercial real estate investment and development. This opportunity is priced at $1,200,000 or just $5.50 per square foot of land.
Exclusively Listed By
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