Sahara & Rainbow Las Vegas, NV 89146
- Land
- 4.43 lot acres
Current Use by Public Records
- Land
Property Details for 0 Sahara & Rainbow
- Lot size
- 4.43 lot acres
- Property type
- Land
Description
This exceptional 4.43-acre parcel, located in Las Vegas, Nevada (APN 163-11-101-005), presents a unique investment opportunity. Situated at the intersection of Sahara and Rainbow, this property boasts a highly desirable location in the Spring Valley area, west of the Las Vegas Strip and east of Summerlin. The land is zoned RE, permitting up to two units per acre, aligning perfectly with the Planned Land Use designation of CM (Corridor Mixed-Use). This versatile zoning allows for a range of development possibilities, catering to both commercial and residential needs. The property features 334 feet of frontage on West Sahara Avenue, complete with established sidewalks, curbs, and gutters, ensuring excellent accessibility and visibility. The high traffic count on Sahara and Rainbow, averaging 52,500 vehicles daily, provides significant exposure for any future development. The asking price for this strategically located land is $7,500,000. This established commercial and residential area offers immediate access to key amenities and infrastructure, making it an attractive proposition for developers seeking a prime location within a thriving community. The Clark County jurisdiction ensures a streamlined development process. This is a rare opportunity to acquire a substantial land parcel in a rapidly growing area of Las Vegas.
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
- -115.227
- Latitude
- 36.1443
