North Fernley Land
Property Details & Overview
AVAILABLE: 39,908± Acres
SALE PRICE: $15,000,000.00
CURRENT ANNUAL INCOME: $95,000±
This offering is an assemblage of approx.64± ‘Sections’ of raw land in a checkerboard pattern lying along the north side of I-80 extending from Fernley, NV northeasterly for nearly 17 miles and nor-therly for another 11 miles and encompasses land in Washoe, Lyon and Churchill Counties. Each ‘Section’ is one± square mile. The 39,908+ acres consist of approximately 34% flat or slite grade, 20% moderate grade, 19% mid grade and 27% steep grade. The property is 27 miles east of Reno and only 15 miles east of the Tahoe Reno Industrial Center (TRIC) the largest industrial park in the world, now completely sold out. A portion of the property lies in the Brady Hot Springs Geothermal Area and adjacent to an active geothermal energy operation.
There are three active leases on the property: an active gravel pit; a cattle grazing lease; and an onion processing plant utilizing the geothermal pro-cess to remove the onion skins. There exists a natural gas line running thru several Sections along with three high voltage electrical lines; and another electrical line running along I-80 adjacent to a fiberoptic line.