Cor Of Dean Martin Dr. And Hotel Rio Dr Las Vegas, NV 89103
- Land
- 0.42 lot acres
Current Use by Public Records
- Land
Property Details for 0 Cor Of Dean Martin Dr. And Hotel Rio Dr
- Lot size
- 0.42 lot acres
- Property type
- Land
Description
This exceptional ±36.35-acre property in the heart of Las Vegas' resort corridor presents a unique investment opportunity. Situated on the southwest corner of Dean Martin Dr. and Hotel Rio Dr., this strategically located land boasts approximately 1,350 feet of frontage along Dean Martin Dr. and direct access to the Strip via Harmon Ave. The site currently features approximately 518,099 square feet of warehouse, flex-office, and retail space across 17 buildings, generating an annual lease revenue of approximately $3,188,221 and a projected 2022 Net Operating Income (NOI) of approximately $2 million. This substantial cash flow provides immediate return while offering significant redevelopment potential. Zoned within Clark County's Entertainment Mixed Use and MUD-1 Mixed Use Overlay District, the property allows for a diverse range of uses, including a resort casino, retail, office, multifamily residential, residential condominiums, and hotel condominiums. Clark County's lack of floor area restrictions further enhances development flexibility. The property's superior visibility and accessibility are amplified by existing and planned infrastructure improvements, and its proximity to Allegiant Stadium and T-Mobile Arena adds to its appeal. This is a rare opportunity to acquire a large, contiguous parcel in a prime location with significant upside potential. The parcel includes APNs 162-20-112-002
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
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.183
- Latitude
- 36.1135
