0 Leon Ave & Centennial Pkwy Las Vegas, NV 89131
This exceptional 2.63-acre parcel, located at the intersection of Leon Avenue and Centennial Parkway in Las Vegas, Nevada (zip code 89131), presents a unique development opportunity. The property, encompassing two separate parcels (APN # 125-24-404-003 and APN # 125-24-404-007), totals approximately 2.63 acres and is zoned RE (Residential Estates), allowing for up to two units per acre. This translates to the potential for up to 10 residential lots, with a detailed site plan readily available. The larger parcel measures approximately 1.79 acres, while the smaller parcel is roughly 0.84 acres. The property is situated in a developing residential area between Jones and Decatur boulevards, offering convenient access to local amenities and major transportation routes. Clark County tax records indicate 2024 taxes of $5,357.95. This prime location and zoning regulations make this an attractive investment for developers seeking to capitalize on the growing Las Vegas housing market. A comprehensive brochure detailing the 10-lot site plan is available upon request. Don't miss this chance to acquire a substantial land holding in a desirable Las Vegas neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.