3025 Highland Dr Las Vegas, NV 89109
- Commercial land
- 10,400 SF
- 0.51 lot acres
Current Use by Public Records
- Commercial land
Property Details for 3025 Highland Dr
- Year built
- 1979
- Construction
- CONCRETE
- Lot size
- 0.51 lot acres
- Property size
- 10,400 SF
- Property type
- Commercial land
- APN
- 162-08-705-007
- APU
- 16208705007
Description
This exceptional 1.26-acre commercial land parcel presents a compelling investment opportunity in the heart of Las Vegas, Nevada. Strategically located less than a mile from the Las Vegas Strip and boasting easy access to I-15 via Spring Mountain Road or Sahara Avenue, this industrially zoned property offers significant development potential for a variety of occupiers. Its prime location makes it ideal for industrial outdoor storage (IOS), providing immediate income potential. The property benefits from strong real estate fundamentals, including a remarkably low industrial vacancy rate of 1.7% in the second quarter of 2023, and robust job growth in the Las Vegas area, with nearly 28,000 industrial-related jobs added in the last five years. The surrounding demographics are equally impressive, showcasing a 2.6% household growth over the past 13 years, reaching approximately 29,748 households in 2023, with an average household income of $81,150 and a college-educated population of roughly 20%. This is an irreplaceable location with exceptional potential for long-term growth and profitability. The asking price for this unique property is $2,000,000. The property is situated at 3025-3035 S Highland Dr, Las Vegas, NV 89109 and 89102, within Clark County.
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
- -115.175
- Latitude
- 36.135
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
