Property profile

1671 Neal Ave Las Vegas, NV 89183

OFF-MARKET
Land
Property ID
US62-0408075
2.62 ac lot
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Property summary

AI-generated overview

This exceptional 2.62-acre parcel, located at 1671 W Neal Ave, Las Vegas, NV 89183 (APN 191-05-601-002), presents a unique investment opportunity. Currently zoned RS20 for Residential Single Family, the property is situated in the unincorporated Clark County Enterprise District with a Planned Land Use of EM for Entertainment Mixed Use. This allows for a variety of development possibilities, making it ideal for both commercial and residential projects. The asking price is $2,250,000. Note that a cell phone tower easement exists on the property, however, it does not generate any income. The property's strategic location is further enhanced by the proximity to new projects underway on adjacent parcels at the intersection of Neal Avenue and South Las Vegas Boulevard, indicating a developing and promising area for future growth. This presents a compelling opportunity for investors seeking to capitalize on the burgeoning real estate market in this dynamic location. The property's versatility and location make it a highly attractive investment prospect. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 2.62 ac (114,127 SF)
UPID US62-0408075

Cap rate & NOI

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

Location

1671 Neal Ave 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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