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Palomino Valley, Nevada 2,560 Acres Raw Land - Foreclosure Sale

DISCOUNTED: 57%
APPRAISED VALUE: $14,000,000
OFFERING PRICE: $6,000,000


Foreclosure - 2,560 Acres Raw Residential Land
Reno/Sparks, Nevada Area


2,560+/- Acres Raw Land
Zoned General Rural Residential
Eight Parcels, 320 Acres Each
Located In Scenic Palomino Valley
Washoe County, Nevada

Bank-Owned Foreclosure
Investment Offering

LOCATION
Palomino Valley
West of Wolf Creek Road
Reno/Sparks, NV

Appraised Value/BPO: $14,000,000
Discounted Offering Price: $6,000,000
Offered at 43% of Appraised Value

Marketed Exclusively by:
DLG REALTY AND INVESTMENTS
LAS VEGAS, NEVADA



PROPERTY OVERVIEW

PROPERTY DESCRIPTION 2,560+/- Acres in Eight Parcels, Palomino Valley
PHYSICAL LOCATION East of Lesaka Road and West of Wolf Canyon Road,
   Sparks, Washoe County, Nevada 89431
COUNTY Washoe
ASSESSOR’S PARCEL NUMBERS (APN)
   076-090-25 – 320+/- Acres
   076-090-26 – 320+/- Acres
   076-090-34 – 320+/- Acres
   076-090-35 – 320+/- Acres
   076-100-06 – 320+/- Acres
   076-100-07 – 320+/- Acres
   076-080-18 – 320+/- Acres
   076-080-19 – 320+/- Acres
SITE SIZE 2,560+/- Gross Acres
TOPOGRAPHY Sloping to Rolling
SHAPE Irregular
CONDITION Raw
ZONING GR, General Rural
LAND USES Rural Residential


OFFERING HIGHLIGHTS

    RENO/SPARKS METROPOLITAN AREA
    - “THE BIGGEST LITTLE CITY IN THE WORLD”
    - SECOND LARGEST METROPOLITAN AREA IN NEVADA
    - TRADE POPULATION OF OVER HALF MILLION
    - 12.16% POPULATION INCREASE SINCE 2000
    - EDUCATED, EXPANDING COST EFFECTIVE WORKFORCE
    - STRONG DIVERSIFIED ECONOMY
    - 65% OF WORKFORCE IN TRADE AND SERVICE INDUSTRIES
    - LOW UNEMPLOYMENT RATE
    - INTERSTATE 80 EXTENDS THROUGH CITY CONNECTING TO SALT LAKE
         CITY, UTAH AND SACRAMENTO AND SAN
         FRANCISCO, CALIFORNIA
    - NO STATE, CORPORATE OR PERSONAL INCOME TAX
    - IN 2005 INC. MAGAZINE NAMED RENO AS THE “BEST PLACE IN AMERICA
         TO DO BUSINESS”
    - THE LARGEST CONCENTRATION OF SKI RESORTS IN THE WORLD ARE
         LOCATED WITHIN A FIFTY MILE RADIUS

    PALOMINO VALLEY
    - PROPERTY LOCATED NORTH OF SPARKS
    - NESTLED ON THE EASTERN SLOPES OF THE SIERRA NEVADA MOUNTAINS
    - SPECTACULAR VIEWS OF PALOMINO VALLEY AND SPARKS
    - PEACEFUL SCENIC SURROUNDINGS
    - ROLLING TOPOGRAPHY
    - ONLY MINUTES FROM DOWNTOWN RENO AND INTERSTATE 80
    - SHORT DRIVE TO CARSON CITY, PYRAMID LAKE, SQUAW VALLEY AND LAKE
         TAHOE
    - CONVENIENT ACCESS VIA INTERSTATE 80 TO SACRAMENTO AND SAN
         FRANCISCO, CALIFORNIA

Contact Person's Name: James Jarrell
Contact Phone Number: +1 702-882-8657
Contact E-mail address: jjarrelldlgrealty@yahoo.com
Brokerage Name: DLG Realty and Investments

Submitted by: admin
Property ID Number: 24
Property ID Name: Reno 2560
Added: Tue Apr 29 2008
Last Modified: Thu May 01 2008

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