Located just steps from the Truckee River and vibrant Historic Downtown, this property presents an exceptional opportunity for developers, investors, historic restoration enthusiasts, or buyers seeking a signature legacy project. Architectural plans, engineering, and permitting work are included with the sale. Rare opportunity to acquire one of Historic Downtown Truckee's most exciting redevelopment opportunities. Built in the late 1800s, this authentic Victorian triplex is being offered with approximately eight years of architectural design, historical review, engineering, agency coordination, and permitting work already completed. The approved renovation plans preserve the property's historic character while creating three residential units totaling approximately 3,735 square feet, including a studio, a two-bedroom residence, and a spacious two-level three-bedroom lock-off residence. The existing structure is structurally sound but is designed to be lifted onto a new foundation as part of the approved redevelopment plans. Building Permit is currently in the final stages of plan review with the Town of Truckee, representing years of entitlement work that will transfer to the next owner. Two adjacent parcels at 10175 and 10167 W River Street are also available for purchase individually or together as part of a rare three-parcel assemblage, creating an exceptional opportunity to control a significant portion of West River Street with additional redevelopment, expansion, parking, or future development potential.