1020 N Rancho Dr Las Vegas, NV 89106

FOR LEASE

Turn key restaurants

Property ID

US62-0346840

3,241 SF 0.58 ac lot Built 2003

Entity Owned Absentee Owner Free & Clear

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1020 N Rancho Dr, Las Vegas, NV 89106
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This exceptional 0.58-acre commercial land parcel, located at 1020 N. Rancho Dr. in Las Vegas, NV 89106 (APN 139-29-201-006), presents a unique development opportunity. Zoned C-2, the property boasts a convenient single-tenant configuration and is ideally situated at the main entrance of Twin Lakes Plaza, ensuring excellent ingress and egress. All utilities are stubbed, and off-site improvements are complete, including a finished drive-thru lane. The site is ready for immediate development, with ownership open to creative building concepts, such as modified shipping containers. This mature trade area benefits from stable traffic and density, and is experiencing significant reinvestment from both public and private sectors. A noteworthy development, encompassing approximately 73 acres of mixed-use commercial, recreational, hotel, retail, restaurant, and multifamily properties, is underway just one mile north, further enhancing the area's appeal and future growth potential. This presents a compelling investment opportunity in a thriving Las Vegas location.

Property type Turn key restaurants

Use group RESTAURANT

Year built 2003

Construction STEEL FRAME

Total area 3,241 SF

Lot 0.58 ac (25,265 SF)

APN 139-29-201-006

UPID US62-0346840

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

1020 N Rancho Dr Las Vegas, NV 89106

Las Vegas metro Census 101 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

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$235k

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Comparable Approach Comparable

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Blend (final) Blend

$235k

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