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DEVELOPER OPPORTUNITY | SHOVEL-READY SITE 919 E Bonneville Ave 5,033 SF Office Building Las Vegas, NV 89101 $1,250,000 ($248.36/SF)
Investment Highlights
- Council-Approved R-4 Zoning: Legally supports high-density multi-family development up to 50 dwelling units per acre
- Corner Lot Visibility: Premium positioning at E Bonneville Ave and S 10th St maximizes street presence
- Phased Build Flexibility: Two existing structures allow for a multi-stage construction rollout
- Approved 5-Foot Front Setback Waiver: City Council approved reducing the front yard setback from 10 feet to 5 feet. Expands your structural footprint
- 22-Unit Maximum Zoning Capacity: Approved R-4 parameters allow for maximum high-density urban infill up to 50 doors per acre
- Walkable Urban Location: Features an exceptional Walk Score of 80 within the historic Downtown Las Vegas Founders and Fremont East District
Executive Summary
ENTITLEMENT RISK ELIMINATED. Skip 6 months of planning commission, public hearings, and political uncertainty. This premium Downtown Las Vegas corner parcel was officially rezoned by City Council to R-4 High-Density Residential. The approval includes a crucial front-yard setback waiver down to 5 feet, expanding your building envelope depth and maximizing your buildable footprint from Day 1.
Located on the high-visibility corner of E Bonneville Ave and S 10th St, this parcel is situated directly in the path of progress within the Downtown Las Vegas Revitalization corridor. It is walking distance to major RTC transit lines, the Fremont East Entertainment District, Federal Courthouses, and local downtown employment hubs.
The rezoning to R-4 (High Density Residential) provides by right development opportunities for high demand uses including multifamily residential, townhouses, duplexes, single family attached and detached homes, senior citizen apartments, hospice, individual care family homes (child & adult), home occupations, and more.
Buyer and buyer's broker to verify all.
Located on the high-visibility corner of E Bonneville Ave and S 10th St, this parcel is situated directly in the path of progress within the Downtown Las Vegas Revitalization corridor. It is walking distance to major RTC transit lines, the Fremont East Entertainment District, Federal Courthouses, and local downtown employment hubs.
The rezoning to R-4 (High Density Residential) provides by right development opportunities for high demand uses including multifamily residential, townhouses, duplexes, single family attached and detached homes, senior citizen apartments, hospice, individual care family homes (child & adult), home occupations, and more.
Buyer and buyer's broker to verify all.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
5,033 SF
Building Class
C
Year Built
1949
Price
$1,250,000
Price Per SF
$248.36
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,033 SF
Building FAR
0.26
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
R-4 - Newly Approved R-4 (High-Density Residential)
Parking
15 Spaces (2.98 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Storage Space
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 139-34-810-093 | Improvements Assessment | $70,213 |
| Land Assessment | $253,846 | Total Assessment | $324,059 |
Property Taxes
Parcel Number
139-34-810-093
Land Assessment
$253,846
Improvements Assessment
$70,213
Total Assessment
$324,059
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DEVELOPER OPPORTUNITY | SHOVEL-READY SITE | 919 E Bonneville Ave