Entertainment Mixed-Use Opportunity Zone
3355 Procyon St Las Vegas, NV 89102
For Sale
$14,500,000
Prime location near Las Vegas Strip with existing licenses.
Property Size25,000 SF
Price / SF$580
Days on Market248
Property Features for 3355 Procyon St
General Information
Standard status
Active
Size
25,000 SF
Property subtype
Retail
Building Details
Year Built
2001
Listing Agency:
SVN | The Equity Group
(702) 502-1592
Listed By:
Al Barbagallo · License #NV #BS.20613
(702) 502-1592
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 27 at 3:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | The Equity Group
Investment Insights
Based on property information with market context.
This property is located at the southwest corner of Desert Inn Road and Procyon Street, approximately 1.5 miles west of the Las Vegas Strip. Situated on a 4.07-acre lot, the site features 318 feet of frontage on Desert Inn Road and 505 feet of frontage on Procyon Street, with traffic counts of 53,000 vehicles per day. The property includes 289 parking spaces. The existing building spans approximately 25,460 square feet, with an additional 4,000 square feet of storage including an electrical generation system. The property is equipped with interior and exterior cameras and iron fencing along the exterior property lines. Inside, there are separate rooms and a full kitchen. Previously operated as a night club, the property has existing liquor and entertainment use licenses. Zoned EM (Entertainment Mixed Use) and located within an Opportunity Zone, the property offers potential tax benefits and flexible zoning uses. It is strategically positioned between Area 15 and China Town on Spring Mountain Road. The property is suitable for entertainment, retail, high-rise residential, or hotel/casino development.
Key Highlights
- Prime "In‑Fill" property located 1.5 miles west of the Las Vegas Strip with high traffic counts.
- Priced below replacement cost at $156/SF.
- Zoned EM (Entertainment Mixed Use) and located in an "Opportunity Zone", offering potential tax benefits and liberal zoning uses.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $855.0k | $34.20 |
| − Vacancy | −$48.7k | −$1.95 |
| EGI | $806.3k | $32.25 |
| − OpEx | −$201.6k | −$8.06 |
| NOI | $604.7k | $24.19 |
25,000 SF · lease $34.20/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$8.64M
$7.56M – $10.08M
NOI $604,699 @ 7.0% cap · market cap 4.17%
Second Best
Retail
$8.06M
$7.05M – $9.41M
NOI $564,386 @ 7.0% cap · market cap 3.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Starbucks — 3700 W Flamingo Rd, Las Vegas, NV 89103
- Fat Tuesday Forum 1 — 3500 Las Vegas Blvd S Ste L27B, Las Vegas, NV 89109
- Vista Cocktail Lounge at Caesars Palace — Caesar's Palace, 3570 S Las Vegas Blvd, Las Vegas, NV 89109
- Vanderpump Cocktail Garden — 3570 Las Vegas Blvd S, Las Vegas, NV 89109
- Stadia Bar at Caesars Palace Las Vegas — 3570 S Las Vegas Blvd, Las Vegas, NV 89109
Frequently Asked Questions
What type of property is this?
Night club - Prime location near Las Vegas Strip with existing licenses.
Where is this night club located?
The property is located at 3355 Procyon St Las Vegas, NV.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: Prime "In‑Fill" property located 1.5 miles west of the Las Vegas Strip with high traffic counts.; Priced below replacement cost at $156/SF.; Zoned EM (Entertainment Mixed Use) and located in an "Opportunity Zone", offering potential tax benefits and liberal zoning uses.
