Arts District Redevelopment
For Sale
Contact for pricing
1700 LAS VEGAS BLVD S, Las Vegas, NV 89104
Land in Las Vegas Arts District, opportunity zone benefits.
Property Size29,039 SF
Price / SF$309.76
Days on Market168
Property Features for 1700 LAS VEGAS BLVD S
General Information
Standard status
Active
Size
29,039 SF
Class
B
Property subtype
Retail, Mixed Use, Land
Zoning
C-2 (General Commercial)
Building Details
Year Built
1955
Year Renovated
2016
Buildings
2
Stories
2
Units
2
Listing Agency:
One Commercial
Listed By:
Jared Bonnell · License #NV 1001717
Source:
Crexi
Added: Mar 26
Changed: Sep 8
Last Checked: Sep 8 at 7:00AM
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 One Commercial
Investment Insights
Based on property information with market context.
Located at the southern tip of the Las Vegas Arts District, this property is positioned within Las Vegas’s rapidly redeveloping submarket. The area is experiencing high demand for chef-driven food and beverage concepts, bars, entertainment venues, and curated retail. The Arts District fosters diversity and welcomes a wide range of people. Restaurants and bars in this area have demonstrated resilience. As the neighborhood evolves from a primarily local focus to a tourist destination contiguous to the Strip, it is expected to experience increased tenant demand. The site is located within the city’s redevelopment area and a federal opportunity zone, potentially allowing for city incentives and long-term tax benefits through a build-and-hold strategy. The property is located in a Qualified Opportunity Zone, where new investments may be eligible for preferential tax treatment. Investments in a QOZ via a Qualified Opportunity Fund can retain some of this preferential tax treatment until 2046. An investor can defer tax on any prior gains until the earlier of the sale of the investment or December 31, 2026, if the gain is invested in a QOZ/QOF within 180 days of the taxable event. Additionally, if the investor holds the investment in the QOZ/QOF for at least ten years, they may be eligible for a basis increase equal to the fair market value of the investment on the date of sale. The property size is 25255 square feet.
Key Highlights
- Located in a Qualified Opportunity Zone, offering potential preferential tax treatment for new investments held long‑term (until 2046).
- Located in Las Vegas's Arts District, the fastest‑redeveloping submarket with high demand for diverse businesses.
- Positioned at the southern tip of the Arts District, benefiting from its transition into a tourist amenity contiguous to The Strip.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,978
Businesses Nearby
Explore this area
Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Land in Las Vegas Arts District, opportunity zone benefits.
Where is this commercial land located?
The property is located at 1700 LAS VEGAS BLVD S Las Vegas, NV.
What is the asking price?
The asking price for this property is $8,995,000.
What are key features of this property?
This property features: Located in a Qualified Opportunity Zone, offering potential preferential tax treatment for new investments held long‑term (until 2046).; Located in Las Vegas's Arts District, the fastest‑redeveloping submarket with high demand for diverse businesses.; Positioned at the southern tip of the Arts District, benefiting from its transition into a tourist amenity contiguous to The Strip.
