Fernwood Village is a ±7.08-acre proposed townhome/build-to-rent development site located in the City of Fernley, Nevada. Seller financing possible.
The site is entitled for a 52-unit townhome development with three designated common areas. Each duplex lot is split with separate APN’s and utilities, providing flexible exit strategies for investors including individual sales and/or built to rent community. Entitlements were finalized in 2022. Final map has been submitted, but not yet recorded, and will be subject to Buyer approval.
The property is adjacent to Sherwood Village, a proposed 316-unit apartment community, which is being developed by the Seller. The subject site is surrounded by existing medium-density sub-division developments, i.e. Eagle Nest Subdivision to the north, Sandia Manor Subdivision to the east, and Fernwood Estates Subdivision III to the south. The property is situated less than a mile from Interstate 80 and near major retailers like Raley’s, Wal-Mart, and Lowe’s, are surrounded by residential developments and close to significant employment centers, including the Tahoe Reno Industrial Center and the new Victory Logistics Center.
Nestled in the heart of Lyon County, Nevada, the City of Fernley is a vibrant and rapidly growing community within the Reno–Sparks metropolitan area. Poised to become the distribution hub of the state, Fernley is on a trajectory of significant growth, with freight volumes expected to surge over the next three decades.
Aiman Noursoultanova
CBRE, Inc.
