1812 Santa Paula Dr 2,301 SF Office Building Las Vegas, NV 89104 $650,000 ($282.49/SF)

Development Opportunity | Multifamily-Zoned Site – Las Vegas, NV
1812 Santa Paula Drive offers a rare multifamily-zoned infill development opportunity in a central Las Vegas location with accelerating residential demand. The property is currently improved with an existing structure previously operated as a chiropractor’s office, allowing for short-term income or interim use while entitlements and redevelopment plans are finalized.
The underlying multifamily zoning unlocks significant density potential, making this site ideal for ground-up apartment development, townhome construction, or a small multifamily project, subject to buyer verification. With strong surrounding fundamentals, proximity to major employment corridors, and easy access to arterial roadways, this location checks the boxes developers look for when targeting efficient, high-demand rental product.
This is a true land-play with optionality: hold and operate short term, reposition, or redevelop for maximum upside. Properties with existing improvements, flexible interim use, and multifamily zoning in this submarket are increasingly scarce.
Investment Highlights
Multifamily zoning – redevelopment-ready
Infill location with proven tenant demand
Existing structure provides holding income potential
Ideal for small-to-mid scale multifamily development
Strong long-term appreciation and rental fundamentals
Offered for investors and developers seeking yield compression, density, and exit flexibility in one of Las Vegas’ most active infill corridors.
Buyer to verify zoning, density, and development feasibility.