Prime Las Vegas In-Fill
3355 Procyon St Las Vegas, NV 89102
3355 Procyon St, Las Vegas, NV, 89102
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For Sale
Contact for pricing
4.07 acre mixed-use parcel in opportunity zone.
Property Size25,460 SF
Lot Size4.07 Acres
Price / SF$569.48
Days on Market719
Property Features for 3355 Procyon St
General Information
- Standard status
- Active
- Size
- 25,460 SF
- Lot size
- 4.07 Acres
- Property subtype
- Land, Mixed Use, Retail, Special Purpose
Building Details
- Year Built
- 2001
Listing Agency
SVN | The Equity Group
Listed by
Al Barbagallo · License #NV BS.0020613
Source
Crexi
Added: Jul 29, 2024 Checked: Jul 17 at 4:08 am
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 4.07-acre parcel is located at the southwest corner of Desert Inn Road and Procyon Street. The property benefits from high traffic counts of 53,000 vehicles per day. It is situated 1.2 miles west of the Fashion Show Mall, Treasure Island Hotel, Wynn Hotel, and Palazzo Hotel. The site is master planned for EM Entertainment Mixed Use, allowing for retail, high-rise residential, or a hotel/casino. The property is strategically located between Area 15 with the Universal Studios Experiences project and one block north of China Town on Spring Mountain Road. It features 318 feet of frontage on Desert Inn Road and 505 feet of frontage on Procyon Street. The property includes 289 parking spaces and iron fencing along the exterior property lines. As part of the Opportunity Zone, the property offers potential tax benefits and liberal zoning uses.
Key Highlights
- Prime "In‑Fill" parcel master planned for retail, high rise residential, or hotel/casino.
- Located in an "Opportunity Zone", offering potential tax benefits.
- Strategically located between "Area 15"/"Universal Studios Experiences" and "China Town" on Spring Mountain Rd.
Local Financial Insights For 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 | $870.7k | $34.20 |
| − Vacancy | −$49.6k | −$1.95 |
| EGI | $821.1k | $32.25 |
| − OpEx | −$246.3k | −$9.68 |
| NOI | $574.8k | $22.58 |
25,460 SF · lease $34.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.21M
$7.18M – $9.58M
NOI $574,770 @ 7.0% cap · market cap 3.96%
Second Best
Mixed Use
$5.49M
$4.80M – $6.41M
NOI $384,382 @ 7.0% cap · market cap 2.65%
Theoretical Best
Specialty Retail
$8.80M
$7.70M – $10.26M
NOI $615,825 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Masque Nightclub
Nightclub
Antro
Bar & Pub
Rick's Cabaret Las ...
Nightclub
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 4.07 acre mixed-use parcel in opportunity zone.
Where is this commercial land located?
The property is located at 3355 Procyon St Las Vegas, NV.
What is the asking price?
The asking price for this property is $14,499,000.
What are key features of this property?
This property features: Prime "In‑Fill" parcel master planned for retail, high rise residential, or hotel/casino.; Located in an "Opportunity Zone", offering potential tax benefits.; Strategically located between "Area 15"/"Universal Studios Experiences" and "China Town" on Spring Mountain Rd.
