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    840 Commerce St Las Vegas, NV 89106

    Sponsored
    For Sale
    $19,800,000

    6.5 Acres, Prime Location, $19.8M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6.5-acre industrial land parcel presents a remarkable investment opportunity in the heart of Las Vegas's vibrant Downtown Civic & Business District. Strategically located at the intersection of Bonneville and Main Streets, this property boasts convenient access from both Main Street and Commerce Street. The two contiguous parcels, identified by APNs 139-33-801-019 and 139-34-302-006, are zoned for industrial use (M-Industrial), offering significant flexibility for a variety of development projects. The site's prime location makes it ideal for mixed-use, industrial, office, or retail development. Utilities are readily available, simplifying the development process. This substantial land holding offers unparalleled potential for substantial returns in a rapidly growing area of Las Vegas, Nevada. The asking price for this exceptional property is $19,800,000. The address is 840 S Commerce St, Las Vegas, NV 89106, within Clark County. This is a rare opportunity to acquire a large, well-situated parcel in a thriving urban core.

    Property Features for 840 Commerce St

    General Information

    Property type
    Land
    Lot Size
    283,140 SF

    HighLights

    • $19,800,000 asking price.
    • 6.5‑acre industrial land parcel.
    • Located in Las Vegas, NV, at 840 S Commerce St.
    • Zoned M - Industrial.
    • Two contiguous parcels with Main St. and Commerce St. access.
    • Utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Wholesale Shop Dental Office Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.15335
    Latitude
    36.162891

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    FAQs

    What type of property is this?
    Land - 6.5 Acres, Prime Location, $19.8M
    Where is this land located?
    The property is located at 840 Commerce St Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $19,800,000.
    What are key features of this property?
    This property features: $19,800,000 asking price.; 6.5-acre industrial land parcel.; Located in Las Vegas, NV, at 840 S Commerce St.
    Request Owner's contact information
    840 Commerce St Las Vegas, NV 89106
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    Las Vegas, NV 89106
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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
    840 Commerce St Las Vegas, NV 89106
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