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915 E Carson Ave - DTLV Land Development Opportunity 0.19 Acres of Residential Land Offered at $625,000 in Las Vegas, NV 89101
Investment Highlights
- Carson Ave Frontage
- RTC Maryland Pkwy Bus Rapid Transit Corridor
- Fremont East Downtown Las Vegas
Executive Summary
Northcap Multifamily is proud to present a rare opportunity to acquire a strategically located land parcel at 915 E. Carson Ave. This 0.19 Acres of commercial land is approximately 8,276 SF of land in the heart of Downtown Las Vegas. Positioned in a rapidly evolving area, this site offers exceptional potential for developers, investors, and owner-users seeking to capitalize on continued growth and demand.
• Well-located land parcel with strong street f rontage
• Flat and usable site (buyer to verify all site conditions)
• Excellent visibility and accessibility
• Utilities nearby (buyer to verify availability and capacity)
• Located in a corridor experiencing ongoing redevelopment and investment
• Close proximity to established residential neighborhoods and commercial centers
LOCATION OVERVIEW
915 E. Carson Ave is strategically located in the heart of Downtown Las Vegas, within the rapidly evolving Fremont East / Downtown corridor—one of the city’s most active redevelopment zones. The property benefits from immediate proximity to the vibrant Fremont Street Experience, a major regional destination known for its entertainment, dining, nightlife, and tourism activity. This area has seen significant public and private investment, driving increased foot traffic, population growth, and new mixed-use development. Carson Ave is in the final stages of a $378 million RTC Maryland Parkway Bus Rapid Transit corridor improvement. Recently, crews are placing the final layer of asphalt on Carson Ave f rom Casino Center Blvd to 13th St. The broader BRT project — which includes widened sidewalks, enhanced bus shelters, shared bus-bike lanes, improved lighting, and landscaping — is on track for completion fall 2026.
Maryland Parkway Improvements: https://marylandparkway.com/wp-content/uploads/2024/05/Maryland_
Parkway_virtual_boards_v14a.pdf
RTC Rapid Transit Route: https://marylandparkway.com/
Property Facts
| Price | $625,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.19 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R-4, Las Vegas | ||
| Price | $625,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.19 AC |
| Opportunity Zone |
Yes |
| Zoning | R-4, Las Vegas |
1 Lot Available
Lot
| Price | $625,000 | Lot Size | 0.19 AC |
| Price Per AC | $3,289,629.51 |
| Price | $625,000 |
| Price Per AC | $3,289,629.51 |
| Lot Size | 0.19 AC |
Carson Ave Frontage, Opportunity Zone, Booming Fremont East, Downtown Las Vegas, Strong Demographics
Description
DEVELOPMENT SCENARIO FORM-BASED CODE: BUILT FOR FLEXIBILITY 915 E. Carson Ave. falls within the City of Las Vegas Form-Based Code (LVMC Chapter 19.09), designated T5 Neighborhood (T5-N) in the Fremont East District. Adopted as part of the Vision 2045 Downtown Las Vegas Master Plan, the Form-Based Code replaces conventional zoning with a streamlined, form-first f ramework that gives developers greater flexibility and a more predictable path to entitlement. What This Means for Developers: • Regulates the physical form of buildings — not just what happens inside them — creating a wider range of permissible uses by right • Mixed-use development (residential over retail, restaurant, or off ice) may be achievable without special use permits or variances, provided the building form meets district standards • Pre-approved building types and f rontage standards reduce entitlement uncertainty and accelerate the development timeline • Designed to support walkable, medium-intensity urban neighborhoods served by transit and neighborhood commercial uses • Carson Ave.’s recent designation as “Restaurant Row” by the City of Las Vegas reinforces the corridor’s identity as an activated, pedestrian-oriented destination Potential Development Concepts: • Multifamily residential (micro-units, workforce housing, market-rate apartments) • Mixed-use: residential above ground-floor restaurant, retail, or creative off ice • Boutique hotel or short-term hospitality • Creative off ice or coworking space • Neighborhood-serving food and beverage or specialty retail Why This Site, Why Now: • Carson Ave. is in the f inal stages of a $378M RTC Maryland Parkway Bus Rapid Transit corridor improvement delivering widened sidewalks, enhanced transit shelters, shared bus-bike lanes, and new streetscape — on track for completion fall 2026 • Surrounded by DTP Companies’ 45-acre downtown portfolio with signif icant undeveloped holdings actively being brought to market • Qualified Opportunity Zone designation offering potential tax advantages for long-term investors • Priced below the average of recent comparable downtown land sales, representing a compelling entry point for developers seeking density in the Fremont East corridor Buyer to verify all development standards, permitted building types, height and density allowances, and entitlement requirements with the City of Las Vegas Department of Planning.
Property Taxes
| Parcel Number | 139-34-712-038 | Improvements Assessment | $0 |
| Land Assessment | $86,898 | Total Assessment | $86,898 |
Property Taxes
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915 E Carson Ave - DTLV Land Development Opportunity
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