2545 Lynnwood St Las Vegas, NV 89109-1203
This exceptional 0.3-acre commercial land parcel, located at 2545 Lynnwood Street in Las Vegas, Nevada (APN 162-10-111-002), presents a remarkable development opportunity. Priced at $600,000, the property boasts pre-approved plans for a roughly 5,000 square-foot building. These comprehensive plans encompass architectural designs, engineering specifications, surveys, and a Phase 1 environmental assessment, streamlining the development process. The property benefits from excellent visibility, enhanced by an existing pylon sign visible from Sahara Avenue, a major thoroughfare with high traffic volume. Its strategic location is approximately half a mile from the Las Vegas Strip, the Resort Corridor, and the Las Vegas Convention Center, placing it within close proximity to significant tourist attractions and a thriving commercial hub. The surrounding area is characterized by a mix of multifamily residential buildings and retail establishments, creating a dynamic and desirable environment. The property is zoned CR (Commercial Resort), allowing for a variety of development possibilities. This prime location and existing infrastructure make this an exceptional investment opportunity.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.