0 Gillespie St And Pebble Rd Las Vegas, NV 89123

OFF-MARKET

Land

2.5 ac lot

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This exceptional 2.5 +/- acre parcel, located at the intersection of Gillespie Street and Pebble Road in unincorporated Clark County, Nevada (zip code 89123), presents a unique investment opportunity. The property boasts 313 feet of frontage on Gillespie Street and is situated in a rapidly growing area east of the Las Vegas Boulevard corridor. Currently zoned RS20, this land allows for single-family residential development with up to two units per acre, making it perfect for a variety of residential projects. The planned land use is Ranch Estate Neighborhood. Utilities are readily available, including a 14-inch lateral water line on Pebble Road and an 8-inch lateral water line on Gillespie Street extending to the parcel boundary. Sewer lines are also accessible via Gillespie Street. The 2024 property taxes are $2,127. The APN is 177-16-801-006. This property is within the Enterprise jurisdiction of Clark County. Its proximity to Las Vegas Boulevard makes it a highly desirable location for residential development. This is a rare opportunity to acquire a substantial land parcel in a thriving area of Las Vegas.

Property type Land

Lot 2.5 ac (108,900 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Gillespie St And Pebble Rd Las Vegas, NV 89123

Las Vegas metro

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

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