0 Koval Ln Paradise, NV 89119

OFF-MARKET

Land

58,370 SF

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This exceptional 58,370 square foot commercial land parcel, located at the prominent corner of Koval Lane and Reno Avenue in Paradise, Nevada (zip code 89119), presents a remarkable development opportunity. The property, encompassing two parcels (APN 162-28-102-009 & 162-28-102-011), boasts a strategic location directly across from Jet Suite X, Papillon Grand Canyon Helicopters, and Harry Reid International Airport. Its H-1 and C-T zoning permits a wide range of uses, including condo/hotel, multifamily, commercial, and professional developments. Preliminary plans suggest the potential for an 8-10 story condo/hotel development, with estimates of up to 100 buildable units. The asking price is $5,495,000, translating to $94 per square foot. This prime Las Vegas location offers unparalleled proximity to the Las Vegas Strip (less than half a mile), the MGM Grand Casino and Resort, and McCarran International Airport (five minutes away). The seller may consider a joint venture partnership. This is a truly exceptional opportunity to acquire a significant land holding in one of Las Vegas's most desirable and rapidly developing areas.

Property type Land

Total area 58,370 SF

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Koval Ln Paradise, NV 89119

Paradise metro

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

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COMMERCIAL (GENERAL)

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Value Estimation
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