Property profile

11997 Las Vegas Blvd Las Vegas, NV 89183

OFF-MARKET
Retail properties & Spaces
26,500 SF 3.39 ac lot Built 2022
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Property summary

AI-generated overview

This exceptional 3.39-acre commercial land parcel, located at 11997 S Las Vegas Blvd in Las Vegas, Nevada, presents a unique investment opportunity. The property boasts 26,500 square feet of total building space across two single-story buildings, currently fully vacant, offering significant flexibility for development. With a C-2 General Commercial zoning designation, the site is ideal for a variety of uses, including retail, restaurant, and medical facilities. The property features 114 total parking spaces and is divisible into units ranging from 900 to 17,400 square feet, accommodating multiple tenants. The site enjoys excellent visibility and accessibility, with 337.26 feet of frontage on Las Vegas Boulevard and convenient access to St. Rose Parkway and I-15. The high-traffic location benefits from 10,300 vehicles per day (VPD) on Las Vegas Boulevard and 64,500 VPD on I-15. Furthermore, the property is situated in a rapidly expanding area, with approximately 1,761 homes planned or under construction within a one-mile radius. Proximity to major developments such as the Raiders HQ & Practice Facility, M Resort & Casino, Amazon Distribution, Costco, and Matter Park Henderson, as well as established master-planned communities like Anthem, Inspirada, Seven Hills, and MacDonald Ranch, further enhances its appeal. The property's APN is 191-05-801-012, and it's located in Clark County's Enterprise submarket. This is a prime location for businesses seeking high visibility and access to a growing residential population. The property includes cross-access with the adjacent Blue Hawk Tavern.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2022
Total area 26,500 SF
Lot 3.39 ac (147,668 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

11997 Las Vegas Blvd Las Vegas, NV 89183
Las Vegas metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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