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South Las Vegas Blvd Frontage
South Las Vegas Blvd & Agate Ave (NWC), Las Vegas, NV 89123
North Aerial View
Land - Off Market
- Property Type:
- Property Sub-type:
- Commercial/ Other (land)
- Additional Sub-types:
- Leased Land
- APN / Parcel ID:
- 177-20-501-017, 018, 021
- Zoning Description:
- H-1; MUD-1, Gaming
- Listing ID
- Last Updated
- over 1 year ago
Commercial/ Other (land)
- Trophy South Las Vegas Blvd. Frontage
- H-1 Zoning; MUD-1 & Gaming Overlays
- Approved for 998 Units
- Lowest Priced South Las Vegas Blvd. Frontage
- Strong Growth Area
- Possible Seller Financing
*4% commission to selling agent at list price* Las Vegas Boulevard frontage property with desirable west side location. 10 gross (8.5 net) acres. Current zoning is H-1 allowing for a large array of high intensity uses including a hotel/casino, high rise residential, and/ or mixed use project. The new Mixed Use Development Overlay District designates this property as MUD-1 which allows for maximum density. Existing approval in place for 998 units eliminating a major development obstacle as much lower height restrictions are common among similar properties located on the South Las Vegas Blvd corridor.
Existing 28 unit motel and stand-alone rental unit have consistently maintained occupancy near 95% most of the time, providing income to offset carry cost during planning, design, review and entitlement processes.
This is one of the few remaining H1, MUD 1 sites located on Las Vegas Blvd within the gaming overlay available for immediate purchase.
Located on Las Vegas Blvd approximately 4 miles south of Mandalay Bay between two new full diamond interchanges (one mile north at I-15 & Blue Diamond Rd & one mile south at I-15 & Silverado Ranch Blvd).
The nearby South Point Hotel-Casino is experiencing significant expansion and Grand View Timeshares are nearly sold out, with three more large scale hotel-casino' s planned further south, including another Station Resorts Hotel-Casino, Project M Resort (JV with MGM-Mirage), and the Southern Highlands Resort.
Map of South Las Vegas Blvd & Agate Ave (NWC), Las Vegas, NV 89123 (Clark County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P