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    5.7 acre Las Vegas Blvd Las Vegas, NV 89183

    Sponsored
    For Sale
    $9,900,000

    5.72 Acres, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 5.72-acre vacant land parcel presents a remarkable investment opportunity on South Las Vegas Boulevard in Las Vegas, Nevada (zip code 89183). The property boasts prime highway frontage and is zoned H-2, allowing for a diverse range of commercial and residential uses. The Commercial Tourist (CT) planned land use designation further enhances its potential, permitting developments such as casinos, resorts, and theme parks. This strategic location offers unparalleled access to key attractions, including the M Resort, Southern Highlands Golf Club, and Henderson Executive Airport. The lot size provides ample space for large-scale development projects. The 2023 property taxes totaled $20,125.18. The APN is 191-04-401-027. This is a rare chance to acquire a significant land holding in a high-growth area of Las Vegas, ideally suited for a variety of hospitality and commercial ventures. The property is categorized as Hospitality Land with a Motel subtype. This presents a unique opportunity for developers seeking to capitalize on the vibrant tourism industry and the area's strategic location. The property's zoning and planned land use provide flexibility for a wide range of development options.

    Property Features for 5.7 acre Las Vegas Blvd

    General Information

    Property type
    Motels
    Lot Size
    249,163 SF

    HighLights

    • Excellent location near M Resort, Southern Highlands Golf Club, and Henderson Executive Airport.
    • 5.72‑acre parcel.
    • Highway frontage with H‑2 zoning and CT (Commercial Tourist) planned land use designation.
    • Permitted uses include residential, office, and commercial developments.
    • CT zoning allows for tourist‑oriented uses like casinos, resorts, and theme parks.
    • 2023 property taxes: $20,125.18
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1726755
    Latitude
    35.9847634

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    FAQs

    What type of property is this?
    Motel - 5.72 Acres, Prime Location
    Where is this motel located?
    The property is located at 5.7 acre Las Vegas Blvd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $9,900,000.
    What are key features of this property?
    This property features: Excellent location near M Resort, Southern Highlands Golf Club, and Henderson Executive Airport.; 5.72-acre parcel.; Highway frontage with H-2 zoning and CT (Commercial Tourist) planned land use designation.
    Request Owner's contact information
    5.7 acre Las Vegas Blvd Las Vegas, NV 89183
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5.7 acre Las Vegas Blvd Las Vegas, NV 89183
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