Southwest corner of Dean Martin Dr. and Hotel Rio Dr, Las Vegas, NV 89103

Listing agent Michael Parks License #NV-S.0053994

Listing office CBRE - Las Vegas l***@gmail.com Show Phone

Listing date Mar 8, 2023

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Las Vegas

Report an issue

---

Overview

This is an opportunity to acquire approximately 36.35 contiguous acres in the Las Vegas resort corridor, offering unobstructed views of the Strip. Known as City View, the property has in-place cash flow from lease income, excellent accessibility and visibility to I-15, and optimal zoning. The property is located at the southwest corner of Dean Martin Dr. and Hotel Rio Dr., with approximately 1,350 feet of frontage along Dean Martin Dr. Direct access to the Strip is available via Harmon Ave. on the southern edge of the property. It includes approximately 518,099 square feet of warehouse, flex-office, and retail space among 17 buildings. The current lease revenue is approximately $3,188,221 per year, with a Net Operating Income (NOI) expected to be approximately $2M in 2022. City View lies within Clark County’s Entertainment Mixed Use and MUD-1 Mixed Use Overlay District, accommodating various potential uses, including a resort casino, retail, office, multifamily residential, residential condominiums, and hotel condominiums. Clark County has no floor area restrictions, allowing for a dense mixed-use project.

Map

City

Las Vegas

County

Clark

State

Nevada

Longitude

-115.21

Latitude

36.1127

Nearby Similar for Sale

• 

  $800,000

  4,492 SF

  Rare El Sol Del Pueblo Quadplex

  Four-unit multifamily property with diverse layouts and community amenities.

  2894 Karen Avenue, Las Vegas, NV 89121

  View Details
• 

  $665,000

  3,720 SF

  Four-Unit Multifamily Building

  Four well-maintained units with existing occupancy and month-to-month tenancy for flexible leasing options.

  1721 Cordoba Lane, Las Vegas, NV 89108

  View Details
• 

  $650,000

  3,290 SF

  Las Vegas Quadplex Investment Opportunity

  Well-maintained quadplex with remodeled units and strong rental potential.

  4796 Nova Lane, Las Vegas, NV 89115

  View Details
• 

  $665,000

  3,290 SF

  Las Vegas Fourplex Investment Opportunity

  Well-maintained fourplex in high-demand Las Vegas rental area.

  4961 Apollostar Court, Las Vegas, NV 89115

  View Details
• 

  $599,000

  3,212 SF

  Las Vegas Multifamily Investment Property

  Well-maintained four-unit property in Northeast Las Vegas.

  1872 Cosmic Drive, Las Vegas, NV 89115

  View Details
• 

  $699,999

  3,268 SF

  Las Vegas Opportunity Zone Property

  Located in the epicenter of Las Vegas's urban renewal.

  637 N 11th Street, Las Vegas, NV 89101

  View Details
• 

  $695,000

  3,692 SF

  Las Vegas Fourplex Investment Opportunity

  Fourplex near Nellis AFB with updated unit and strong potential.

  6952 Issac Avenue, Las Vegas, NV 89156

  View Details
• 

  $650,000

  3,017 SF

  Four-Unit Multifamily Investment Opportunity

  Well-maintained four-unit property with income potential in Las Vegas.

  720 N 10th Street, Las Vegas, NV 89101

  View Details
• 

  $604,900

  3,196 SF

  Four-Unit Apartment Building

  Well-presented four-unit property with two-bedroom, one-bath layouts, newly painted for an attractive income opportunity.

  5032 Pebble Beach Boulevard, Las Vegas, NV 89108

  View Details
• 

  $785,000

  3,264 SF

  Fourplex Residential Income Property

  Fourplex for sale on a 0.19-acre lot, totaling 3,264 square feet in downtown Las Vegas.

  510 S 10th Street, Las Vegas, NV 89101

  View Details
• 

  $520,000

  2,808 SF

  Fourplex With Fully Occupied Units

  Two-story fourplex with four 1-bedroom, 1-bath units on a compact lot in Las Vegas.

  6432 Casada Way, Las Vegas, NV 89107

  View Details
• 

  $699,888

  3,648 SF

  Las Vegas Fourplex Value-Add Opportunity

  Fourplex in central Las Vegas with value-add potential.

  3639 Kolendo Court, Las Vegas, NV 89103

  View Details

FAQs

What type of property is this?

Mixed-use property - 36.35 acres with income in the Las Vegas resort corridor.

Where is this mixed-use property located?

The property is located at Southwest corner of Dean Martin Dr. and Hotel Rio Dr Las Vegas, NV.

What are key features of this property?

This property features: ±36.35 contiguous acres in the Las Vegas resort corridor with unobstructed views of the Strip.; In‑place cash flow from lease income of approximately $3,188,221 per year.; Net Operating Income (NOI) expected to be approximately $2M in 2022.