600 University Way

600 University Way, Reno, NV 89501

— For Sale —

For Pricing Contact Broker

Total Acreage +/- 2.71 AC

Zoning MD-UD

Permitted Density Unlimited

Property Information

LOGIC Commercial Real Estate is proud to offer for sale this prime multi-family development parcel located one block away from Downtown Reno. Sprawled across +/-2.71 Acres, this property allows for an approved 619-bed Student Housing project, or alternately, a 341-unit multi-family project. Given the buildings approved plans, investors have the ability to build the student housing project, or have it reentitled with the same envelope for multi-family.

Situated in downtown Reno, residents will have easy access to the city’s many amenities, including restaurants, shops, and entertainment venues, as well as the University of Nevada, Reno. Multi-family vacancies in the market have been hovering between 2% – 3% for the last several years, which makes this a great opportunity for a multi-family development. Multi-family property owners continue to see rising rental rents from the shrinking supply and increased demand, and incoming major employers. Investors buying in Nevada benefit from competitive cap rates, rising rental rates, landlord-friendly laws, and Nevada’s lack of a state income tax.


Randy Pease Logic Commercial Real Estate

Randy Pease, CCIM

Vice President
License S.177243
O 775.800.4100
C 775.225.9910
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Ben Galles Logic Commercial Real Estate

Ben Galles

Executive Vice President
License S.47543
O 775.433.1106
C 775.750.6429
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Braeden Evenden Logic Commercial Real Estate

Braeden Evenden

License S.185410
C 702.526.4729
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