OPPORTUNITY to invest in the Silver Springs area. This expansive 167.18-acre parcel comprises approximately 117.18 acres zoned for residential use and 50 acres designated for commercial development. Additionally, 75 acre-feet of water rights with Silver Springs Water are available under a separate contract. The region is experiencing significant growth, attracting major corporations to the nearby Tahoe Reno Industrial Center (TRIC). Notably, Tesla's Gigafactory Nevada, a lithium-ion battery and electric vehicle component factory, is located within TRIC. In 2023, Tesla announced a $3.6 billion expansion of the facility, adding four million square feet for Semi truck production and battery development, expected to create up to 3,000 new jobs upon completion.? The data center industry is also flourishing in the area. Switch has established a 130 MW data center at TRIC, with plans to expand to 650 MW on its 2,000-acre site, aiming to become the largest data center campus globally. Google has acquired 1,200 acres within TRIC for data center development, with construction underway since 2019. Additionally, Nova Data Centers announced plans to open a new data center in Storey County by late 2024, further solidifying the region's status as a data center hub. ?The area's infrastructure continues to improve, enhancing accessibility and appeal. The completion of the USA Parkway extension has reduced travel time between Silver Springs and TRIC, making the region more attractive to businesses and residents alike. This 167.18-acre parcel presents a prime investment opportunity, strategically located to capitalize on the region's rapid development and economic expansion.
