3355 Procyon St Las Vegas, NV 89102
- Bars
- 24,556 SF
- 4.07 lot acres
Current Use by Public Records
- Masque Nightclub / Night Club
- Antro / Bar
- Rick's Cabaret Las Vegas / Night Club
Property Details for 3355 Procyon St
- Year built
- 2001
- Construction
- FRAME
- Lot size
- 4.07 lot acres
- Property size
- 24,556 SF
- Property type
- Bars
- APN
- 162-17-101-028
- APU
- 16217101028
Description
This exceptional 4.07-acre industrial land parcel in Las Vegas, NV (APN 162-17-101-028), presents a compelling redevelopment opportunity. Located just 1.5 miles west of the Las Vegas Strip, this property boasts a prime in-fill location off the major Desert Inn Road arterial, featuring a "fly-over" crossing I-15. The existing 25,000+ square foot, two-story structure features an open atrium design, three full-service bars, a complete kitchen, multiple meeting rooms, change rooms, and a comprehensive security system. The property's M-1 zoning allows for diverse uses, including industrial, but also permits exploration of high-density residential (R-4 or R-5), hotel/casino (H-1), or entertainment mixed-use (EM) projects, aligning with the area's ongoing revitalization and the high-density residential developments to the south and east. The asking price is $16,800,000. This presents a unique chance to capitalize on the area's growth and create a significant return on investment. The property's strategic location and flexible zoning make it ideal for a variety of development scenarios, from high-rise residential to entertainment venues. The existing structure offers immediate potential for adaptive reuse or serves as a valuable asset for future development plans. This is a rare opportunity to acquire a substantial land parcel in a rapidly evolving 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
- -115.188
- Latitude
- 36.1291
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA