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    215 Beltway Paradise, NV 89119

    Sponsored
    For Sale
    $40,000,000

    10 Acres, EM Zoning, $40M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.07-acre commercial land parcel boasts unparalleled Las Vegas Boulevard frontage at the intersection of the 215 Beltway, offering immediate access to Interstate 15. Its prime location places it between the future Brightline Train Station and the renowned Las Vegas Strip and Resort Corridor, ensuring high visibility and traffic counts. The property is zoned EM (Entertainment Mixed Use), featuring a Commercial Resort Master Plan, Gaming Overlay, and Qualified Opportunity Zone (QOZ) designation, unlocking significant development potential and tax benefits. Proximity to Allegiant Stadium, Town Square, the Las Vegas Car Rental Facility, and McCarran International Airport further enhances its desirability. Less than one mile from the proposed Brightline High-Speed Train Station, this site is poised to become a premier development location. While the listed acreage is gross and subject to potential reductions for county-required dedications, this opportunity presents a rare chance to acquire a highly sought-after location on one of the world's most recognizable boulevards. Prospective buyers are advised to conduct thorough due diligence with Clark County, the FAA, and utility providers before submitting proposals. APN: 177-05-701-019, 177-05-701-025 & 177-05-701-026. Asking price: $40,000,000.

    Property Features for 215 Beltway

    General Information

    Property type
    Land
    Lot Size
    438,649 SF

    HighLights

    • 10.07‑acre commercial land parcel with Las Vegas Boulevard frontage at the I‑15 and 215 Beltway intersection.
    • EM (Entertainment Mixed Use) zoning with Gaming Overlay and Commercial Resort Master Plan; Qualified Opportunity Zone (QOZ) designation.
    • High visibility and traffic counts due to prime location and immediate freeway access.
    • Excellent proximity to the Las Vegas Strip and less than 1 mile from the planned Brightline high‑speed train station.
    • Located in a Qualified Opportunity Zone (QOZ), offering significant tax benefits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Paradise
    County
    Clark
    State
    Nevada
    Longitude
    -115.17257242881
    Latitude
    36.062046677306

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    FAQs

    What type of property is this?
    Land - 10 Acres, EM Zoning, $40M
    Where is this land located?
    The property is located at 215 Beltway Paradise, NV.
    What is the asking price?
    The asking price for this property is $40,000,000.
    What are key features of this property?
    This property features: 10.07-acre commercial land parcel with Las Vegas Boulevard frontage at the I-15 and 215 Beltway intersection.; EM (Entertainment Mixed Use) zoning with Gaming Overlay and Commercial Resort Master Plan; Qualified Opportunity Zone (QOZ) designation.; High visibility and traffic counts due to prime location and immediate freeway access.
    Request Owner's contact information
    215 Beltway Paradise, NV 89119
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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
    215 Beltway Paradise, NV 89119
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