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    2.5 Ac Durango Land Las Vegas, NV 89149

    Sponsored
    For Sale
    $950,000

    Prime 2.5-acre commercial lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.5-acre commercial land parcel presents a unique investment opportunity in the thriving Las Vegas market. Located in Clark County, Nevada, with a zip code of 89149, this property boasts a highly desirable location at the corner of Durango and Washburn Roads. The asking price is $950,000, translating to $380,000 per acre. The Assessor's Parcel Number (APN) is 125-32-606-005. This infill property offers significant potential, surrounded by new residential communities and ongoing development, indicating strong future growth prospects. The land is zoned to allow for up to five units per acre, providing considerable flexibility for various commercial development projects. With its prominent Durango Road frontage and strategic location, this parcel represents a compelling investment for developers seeking a prime location in a rapidly expanding area of Las Vegas. The total land area is 108,900 square feet, resulting in a price per square foot of $8.72. This is a rare opportunity to acquire a substantial commercial land parcel in a high-growth area of Las Vegas.

    Property Features for 0 2.5 Ac Durango Land

    General Information

    Property type
    Land
    Lot Size
    108,900 SF

    HighLights

    • 108,900 SF land parcel, priced at $8.72 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.2797493
    Latitude
    36.2510845

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    FAQs

    What type of property is this?
    Land - Prime 2.5-acre commercial lot, excellent location.
    Where is this land located?
    The property is located at 2.5 Ac Durango Land Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 108,900 SF land parcel, priced at $8.72 per square foot.; ;
    Request Owner's contact information
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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
    2.5 Ac Durango Land Las Vegas, NV 89149
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