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    2124 Paradise Rd Las Vegas, NV 89104

    Sponsored
    For Sale
    $3,000,000

    0.55 Acres, Las Vegas, C-1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.55-acre commercial land parcel, identified by APN 162-03-411-007 & 008, is strategically located at 2124 Paradise Road in Las Vegas, Nevada, zip code 89104. The property is zoned C-1, allowing for a variety of commercial uses. Its prime location directly across from the iconic Stratosphere Hotel and Casino places it within the vibrant Gaming Enterprise District, offering unparalleled visibility and accessibility. This presents a unique investment opportunity for developers and businesses seeking a high-traffic location in a well-established area. The asking price for this exceptional property is $3,000,000. The land is contiguous with the adjacent parcel at 2128 Paradise Road, offering the potential for combined development. This location boasts excellent proximity to major transportation arteries, ensuring convenient access for both employees and customers. The property's size and zoning make it suitable for a wide range of commercial ventures, from retail establishments to hospitality businesses. Given its location and zoning, this land parcel represents a significant opportunity for substantial return on investment. Serious inquiries are encouraged to explore the potential of this remarkable property.

    Property Features for 2124 Paradise Rd

    General Information

    Property type
    Land
    Lot Size
    23,958 SF

    HighLights

    • $3,000,000 asking price.
    • 0.55‑acre commercial land parcel.
    • C‑1 Commercial zoning.
    • Located at 2124 Paradise Rd, Las Vegas, NV 89104.
    • APN: 162‑03‑411‑007 & 008.
    • Across from the Stratosphere Hotel and Casino.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.15397915477
    Latitude
    36.145246513748

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    FAQs

    What type of property is this?
    Land - 0.55 Acres, Las Vegas, C-1 Zoning
    Where is this land located?
    The property is located at 2124 Paradise Rd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price.; 0.55-acre commercial land parcel.; C-1 Commercial zoning.
    Request Owner's contact information
    2124 Paradise Rd Las Vegas, NV 89104
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    Las Vegas, NV 89104
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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
    2124 Paradise Rd Las Vegas, NV 89104
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