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3691 Las Vegas Blvd N 2.73 Acres of Commercial Land Offered at $2,950,000 in Las Vegas, NV 89115
Investment Highlights
- RARE LAND W/ EXISTING INCOME & ADDL. VALUE ADD OPPORTUNITY: 5/5 buildings on Property are occupied with a total annual gross rent of $231,600.
- STRATEGIC LOCATION: Property is located within 2-mi of Nellis Air Force Base and 3-mi of I-15, with frontage along N. Las Vegas Blvd.
- FLEXIBLE ZONING: Current Zoning/Land Use allows for Commercial Uses including Outdoor Storage, Automotive, Retail, Sales Services, etc.
- REDEVELOPMENT OPPORTUNITY: Due to the age of the existing bldgs., the Property offers an opportunity for a higher and better use redevelopment.
Executive Summary
LINK TO OM: https://logiccre.com/1031_properties/3691-n-las-vegas-blvd-las-vegas-nv-89115/
APN: 140-08-201-004
Price Per Square Foot: $24.80
Price Per Acre: $1,080,000
Current Gross Revenue: $231,600
±2.73 AC land parcel with ±400 Ft of Frontage along N. Las Vegas Blvd.
The property features a diverse tenant mix, including two long-standing tenants that have occupied the property for several years. The landlord in the process of converting their month-to-month leases to short-term lease agreements.
Parcel can be rezoned to Industrial via a Conforming Zone Change
LINK TO OM: https://logiccre.com/1031_properties/3691-n-las-vegas-blvd-las-vegas-nv-89115/
APN: 140-08-201-004
Price Per Square Foot: $24.80
Price Per Acre: $1,080,000
Current Gross Revenue: $231,600
±2.73 AC land parcel with ±400 Ft of Frontage along N. Las Vegas Blvd.
The property features a diverse tenant mix, including two long-standing tenants that have occupied the property for several years. The landlord in the process of converting their month-to-month leases to short-term lease agreements.
Parcel can be rezoned to Industrial via a Conforming Zone Change
LINK TO OM: https://logiccre.com/1031_properties/3691-n-las-vegas-blvd-las-vegas-nv-89115/
Property Facts
| Price | $2,950,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Total Lot Size | 2.73 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | CG (Commercial General) | ||
| Price | $2,950,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.73 AC |
| No. Stories | 1 |
| Zoning | CG (Commercial General) |
1 Lot Available
Lot
| Price | $2,950,000 | Lot Size | 2.73 AC |
| Price Per AC | $1,080,586.08 |
| Price | $2,950,000 |
| Price Per AC | $1,080,586.08 |
| Lot Size | 2.73 AC |
1 1
Property Taxes
| Parcel Number | 140-08-201-004 | Improvements Assessment | $85,297 |
| Land Assessment | $343,379 | Total Assessment | $428,676 |
Property Taxes
Parcel Number
140-08-201-004
Land Assessment
$343,379
Improvements Assessment
$85,297
Total Assessment
$428,676
Contacts
-
Cathy Jones -
Paul Miachika -
Blaze Katz -
Allyson Weber -
Kimberly Boyle -
Logic Commercial Real Estate
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