This property is Off-Market

South Las Vegas Blvd & Agate Ave (NWC)
Las Vegas, NV 89123 ·

10 AC · Land For Sale

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South Las Vegas Blvd Frontage

Price N/A Property Use Type Vacant/Owner-User
Lot Size 10 AC APN / Parcel ID 177-20-501-017, 018, 021
Property Type Land Zoning Description H-1; MUD-1, Gaming Overlay
Property Sub-type
Commercial/Other (land)
More...
  • Leased Land
Listing ID: 15122546 Date Created: 05/04/2007 Last Updated: 02/04/2011

1 Lot

Lot Size 10 AC Commission Split 4%
Lot Type Commercial/Other (land)

Description

*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.

Highlights

  • 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

Research

South Las Vegas Blvd & Agate Ave (NWC), Las Vegas, NV 89123 (Clark County)

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