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    Las Vegas, NV 89139

    Sponsored
    For Sale
    $1,500,000

    1.25-Acre Prime Development Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.25-acre commercial lot sits at the highly visible southeast corner of Arville and West Serene in Enterprise, Nevada (zip code 89139). Currently zoned RS20 with a planned use designation of BE (Business Employment), this property presents a unique investment opportunity for developers and investors. The lot's strategic location offers unparalleled visibility and accessibility, benefiting from its proximity to the Army National Guard site across Arville Street. The property's zoning allows for a variety of development options, including multi-family or apartment complexes, while also presenting potential for rezoning to accommodate other commercial uses. The asking price is $1,500,000, translating to $1,200,000 per acre. This land parcel (APN 177-19-701-001) is situated within a rapidly developing area, experiencing significant growth in both commercial and residential sectors. Recent land acquisitions in the vicinity suggest a strong upward trend in property values, making this a compelling investment opportunity for those seeking to capitalize on the area's momentum. The property's location offers easy access to major infrastructure and amenities, further enhancing its appeal. This prime location and flexible zoning options make this a rare opportunity to shape the future of this dynamic area.

    Property Features for 0

    General Information

    Property type
    Land
    Lot Size
    54,450 SF

    HighLights

    • 1.25‑acre development site at the Arville/W. Serene intersection.
    • RS‑20 zoning, with future Business Employment (BE) designation.
    • Across from the Army National Guard facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.19887368712
    Latitude
    36.02082900769

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    FAQs

    What type of property is this?
    Land - 1.25-Acre Prime Development Lot
    Where is this land located?
    The property is located at Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 1.25-acre development site at the Arville/W. Serene intersection.; RS-20 zoning, with future Business Employment (BE) designation.; Across from the Army National Guard facility.
    (702) 362-8700
    Request Owner's contact information
    Las Vegas, NV 89139
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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
    Las Vegas, NV 89139
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