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3829 N Nellis Blvd
Las Vegas, NV 89115
Land For Sale
·
4.81 AC
Investment Highlights
- *Potential IOS Cash-On-Cash Returns Greater Than 10%
- *All utilities immediately accessible
- *Previously leveled and graded
Executive Summary
*Suitable for owner-user or investor.
*Incredibly high yield potential for Industrial Outdoor Storage (IOS) with strong cash-on-cash returns whether debt is involved or not. Minimal further investment necessary.
*Land use code of BE (Business Employment) creates further potential to build on the property for a variety of uses.
*Leveled and graveled with all utilities accessible at the property line.
Property Facts
1 Lot Available
Lot
| Price | $3,300,000 | Lot Size | 4.81 AC |
| Price Per AC | $686,070.69 |
| Price | $3,300,000 |
| Price Per AC | $686,070.69 |
| Lot Size | 4.81 AC |
3829 N Nellis Blvd is a 4.81-acre vacant parcel that has outstanding utility for Industrial Outdoor Storage (IOS) but with excellent versatility for a variety of uses. Previously leveled and graded, resulting in massive savings for investors.
Description
3829 N Nellis Blvd is a 4.81-acre vacant parcel that has outstanding utility for Industrial Outdoor Storage (IOS) but with excellent versatility for a variety of uses. The property is zoned IP with a land use code of BE (Business Employment), allowing for a wide array of possibilities with the current zoning or a streamlined re-zoning to 3 other codes if desired. This property is leveled and graveled, leaving a blank canvass for any buyer to create their heart's desire. Permitted uses include, but are not limited to: Greenhouse/nursery; Assembly/Meeting Place; Automotive Parking Structure; Low-Intensity Industrial; Processing; Wholesaling, R&D; Self-Storage/Mini-Storage; Warehouse; Library; Funeral Home; Veterinary Clinic. Outdoor storage for industrial materials and automobiles or commercial vehicles requires a special use permit issued by the Clark County Comprehensive planning department for any property within the county, regardless of zoning code. While no guarantees can be made, the County has historically issued these with few exceptions. The rare, untouched space of this property and its proximity to major highways make it an ideal opportunity for a vast assortment of investors that wish to create something with minimal obstacles. The lack of impediments to the entrepreneurial spirit make this opportunity highly attractive to owner-users, builders, and yield-driven investors across the board.
Property Taxes
| Parcel Number | 140-08-504-005 | Improvements Assessment | $14,289 |
| Land Assessment | $498,667 | Total Assessment | $512,956 |
Property Taxes
