Las Vegas Resort Corridor Development
Southwest corner of Dean Martin Dr. and Hotel Rio Dr Las Vegas, NV 89103
For Sale
Contact for pricing
36.35 acres with income in the Las Vegas resort corridor.
Property Size518,099 SF
Lot Size36.35 Acres
Days on Market1234
Property Features for Southwest corner of Dean Martin Dr. and Hotel Rio Dr
General Information
- Standard status
- Active
- Size
- 518,099 SF
- Lot size
- 36.35 Acres
- Property subtype
- Land
Listing Agency:
CBRE - Las Vegas
(702) 806-0909
Listed By:
Michael Parks · License #NV-S.0053994
Source:
Crexi
Added: Mar 8, 2023
Changed: Jul 10
Last Checked: Jul 23 at 9:03AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- ±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.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
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.
