Koval Ln Paradise, NV 89119
- Land
- 58,370 SF
Current Use by Public Records
- Days Inn by Wyndham / Motel / Hotel
- KTM Floorz / Flooring Contractor
- Sphere / Performing Arts Theater / Planetarium
- Days Inn by Wyndham Las Vegas Airport Near the Strip / Hotel / Inn
- Paris Las Vegas Bus Parking / Bus Stop
Property Details for 0 Koval Ln
- Property size
- 58,370 SF
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Paradise
- County
- Clark
- State
- Nevada
- Longitude
- -115.164
- Latitude
- 36.0973
