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Cor Of Dean Martin Dr. And Hotel Rio Dr Las Vegas, NV 89103

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±36 Acres, Prime Location, High NOI

Property Features for 0 Cor Of Dean Martin Dr. And Hotel Rio Dr

General Information

Property type
Land
Lot Size
18,295 SF

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Listing Contact
Michael Parks
Michael Parks

Listing Agent: Michael Parks

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Overview

This exceptional ±36.35-acre property in the heart of Las Vegas' resort corridor presents a unique investment opportunity. Situated on the southwest corner of Dean Martin Dr. and Hotel Rio Dr., this strategically located land boasts approximately 1,350 feet of frontage along Dean Martin Dr. and direct access to the Strip via Harmon Ave. The site currently features approximately 518,099 square feet of warehouse, flex-office, and retail space across 17 buildings, generating an annual lease revenue of approximately $3,188,221 and a projected 2022 Net Operating Income (NOI) of approximately $2 million. This substantial cash flow provides immediate return while offering significant redevelopment potential. Zoned within Clark County's Entertainment Mixed Use and MUD-1 Mixed Use Overlay District, the property allows for a diverse range of uses, including a resort casino, retail, office, multifamily residential, residential condominiums, and hotel condominiums. Clark County's lack of floor area restrictions further enhances development flexibility. The property's superior visibility and accessibility are amplified by existing and planned infrastructure improvements, and its proximity to Allegiant Stadium and T-Mobile Arena adds to its appeal. This is a rare opportunity to acquire a large, contiguous parcel in a prime location with significant upside potential. The parcel includes APNs 162-20-112-002
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Las Vegas
County
Clark
State
Nevada
Longitude
-115.1833643
Latitude
36.1135409

FAQs

What type of property is this?
Land - ±36 Acres, Prime Location, High NOI
Where is this land located?
The property is located at Cor Of Dean Martin Dr. And Hotel Rio Dr Las Vegas, NV.
What are key features of this property?
This property features: Highly desirable Las Vegas Strip location.; Excellent visibility and accessibility, boosted by ongoing infrastructure improvements.; Existing cash flow offsets holding costs before redevelopment.
(702) 369-4852 Call to check price and availability
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