2685 Casey Rd - Old Stone Ranch - 107.2 Acres

107.2 Acres of Commercial Land Offered at $6,732,840 CAD in Fallon, NV 89406

EXECUTIVE SUMMARY

FALLON NEEDS HOUSING
Demand for residential housing in Churchill County, excluding demand from active Naval Air Station (NAS) Fallon personnel, is estimated to range from 1,088 units over the five-year analysis period under the low-growth scenario and 1,801 under the high growth scenario. NAS Fallon estimates at least 550 new housing units will be required to meet demand associated with current and expanding active personnel. This number is conservative. Total residential demand is estimated to range between 1,638 and 2,351 units over the five year analysis period. This results in an average of 328 to 470 units needed per year to accommodate future employment growth in the County. Compared to an average of 32 units per year added in the County over the last 11 years, this results in a significant shortage of housing for Churchill County. While population and employment in Churchill County recover from the recent recession, housing construction in the County remains slow paced. Only 3.4% of Churchill County’s housing inventory (357 units) have been added in the past eleven years (2010-2020). Churchill County’s residential inventory is heavily weighted towards single-family detached and manufactured homes. Only 10.6% of total housing inventory is multifamily (apartments) units and another 3.0% single-family attached product.
The City of Fallon is a beautiful place to work, live, raise a family and experience the Nevada high desert. Located in western Nevada, the landscape consists primarily of farmland (where the renowned Heart of Gold cantaloupes grow) and high desert flats interrupted by dramatic mountain ranges. Fallon does boast a hospital and Community College. With more than 300 days of sunshine each year, residents enjoy an abundance of outdoor recreation opportunities. Many lakes, reservoirs, hunting areas, Off-Highway Vehicle (OHV) zones and marshland surround the area. The area also offers year-round opportunities to see an abundance of wildlife. There are plenty of business and employment opportunities to pursue, bolstered by the City’s growing base of local businesses, technology companies, and agriculture.

PROPERTY FACTS

Price $6,732,840 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Planned Unit Development
  • Single Family Development
Total Lot Size 107.20 AC

1 LOT AVAILABLE

Lot

Price $6,732,840 CAD
Price Per AC $62,806.35 CAD
Lot Size 107.20 AC

Fully Approved Planned Unit Development AREA: ± 107.2 AC # of Units: 617 SINGLE FAMILY DETACHED: 101 SINGLE FAMILY ATTACHED: 108 MULTIFAMILY: 408 OPEN SPACE: ± 21.4 AC PARK: ± 10 AC LEVEL TOPOGRAPHY UTILITIES TO SITE

PROPERTY TAXES

ZONING

Zoning Code PUD
  • Listing ID: 34807385

  • Date on Market: 2025-02-12

  • Last Updated:

  • Address: 2685 Casey Rd, Fallon, NV 89406