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    2 Ac Las Vegas, NV 89149

    Sponsored
    For Sale
    $2,000,000

    Prime 2-acre commercial lot in Las Vegas. High traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2.03-acre commercial land parcel presents a remarkable investment opportunity in the thriving Las Vegas market. Located at the intersection of Durango and Centennial, this property boasts excellent visibility and high traffic counts, making it ideal for a variety of commercial ventures. The land is situated on the north side of Durango, offering significant Durango frontage within the Centennial Gateway area. Its strategic location is further enhanced by its adjacency to a recently developed mini-storage facility and an expanding car dealership, indicating a strong and growing commercial presence in the immediate vicinity. The property is zoned for commercial use and is offered at an asking price of $2,000,000, translating to approximately $985,221.67 per acre. The parcel includes APNs 125-29-503-009 and 125-29-503-011. This property offers flexibility for various development options, including build-to-suit and joint venture possibilities. Don't miss this chance to acquire a prime commercial land asset in a rapidly developing area of Las Vegas, Nevada, zip code 89149.

    Property Features for 2 Ac

    General Information

    Property type
    Land
    Lot Size
    88,427 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.3193005
    Latitude
    36.2790255

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    FAQs

    What type of property is this?
    Land - Prime 2-acre commercial lot in Las Vegas. High traffic area.
    Where is this land located?
    The property is located at 2 Ac Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $2,000,000.
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    2 Ac Las Vegas, NV 89149
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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 Ac Las Vegas, NV 89149
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