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Spring Mountain Highlands 3640 S Highland Dr 7,520 SF Industrial Building Las Vegas, NV 89103 $4,963,000 ($659.97/SF)
Investment Highlights
- Rare opportunity to purchase building with large yard component in Central / Southwest submarket
- Future redevelopment potential
- Immediate access to I-15 and Spring Mountain Interchange
- Special Use Permit application in process
- Located in the heart of the Chinatown redevelopment district and adjacent to strip corridor
- Adjacent to potential NBA expansion team arena
Executive Summary
3640 Highland is a ±7,520 SF Industrial Building on 1.51 Acres.
Newmark is pleased to present a rare opportunity to acquire an industrial property with excess land in the Central/Southwest Las Vegas submarket. The offering is comprised of eight separate parcels totaling 4.99 acres, providing exceptional flexibility for buyers to acquire individual parcels, select combinations, or the entire site. The location delivers unmatched access to both the Las Vegas Strip corridor and the I-15 Freeway.
The Seller has commenced the Special Use Permit (SUP) application process for all parcels, which will authorize outdoor storage and introduce additional industrial uses.
Positioned within a high-growth area of the city, the site also offers the optionality of redevelopment into alternative uses. The subject properties reside in the heart of the Chinatown redevelopment district and is adjacent to several major planned or ongoing projects, including The Boring Company’s proposed Chinatown Loop Station, Fore Property Co.’s mixed-use commercial development, and the potential future site of an NBA expansion arena.
Newmark is pleased to present a rare opportunity to acquire an industrial property with excess land in the Central/Southwest Las Vegas submarket. The offering is comprised of eight separate parcels totaling 4.99 acres, providing exceptional flexibility for buyers to acquire individual parcels, select combinations, or the entire site. The location delivers unmatched access to both the Las Vegas Strip corridor and the I-15 Freeway.
The Seller has commenced the Special Use Permit (SUP) application process for all parcels, which will authorize outdoor storage and introduce additional industrial uses.
Positioned within a high-growth area of the city, the site also offers the optionality of redevelopment into alternative uses. The subject properties reside in the heart of the Chinatown redevelopment district and is adjacent to several major planned or ongoing projects, including The Boring Company’s proposed Chinatown Loop Station, Fore Property Co.’s mixed-use commercial development, and the potential future site of an NBA expansion arena.
Property Facts
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $195,925 | |
| Land Assessment | $305,037 | Total Assessment | $500,962 |
Property Taxes
Parcel Numbers
Land Assessment
$305,037
Improvements Assessment
$195,925
Total Assessment
$500,962
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Spring Mountain Highlands | 3640 S Highland Dr
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