This property is Off-Market
South Las Vegas Blvd & Agate Ave (NWC)
Las Vegas, NV 89123 ·
10 AC · Land For Sale
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|
|Listing ID: 15122546||Date Created: 05/04/2007||Last Updated: 02/04/2011|
|Lot Size||10 AC||Commission Split||4%|
|Lot Type||Commercial/Other (land)|
*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.
- 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
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