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Property profile & analytics
FOR SALE
Bars & Pubs

3355 Procyon St Las Vegas, NV 89102

24,556 SF 4.07 ac lot Built 2001
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US62-1097466
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 2001
Construction FRAME
Total area 24,556 SF
Lot 4.07 ac (177,289 SF)
APN 162-17-101-028
UPID US62-1097466
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Masque Nightclub Nightclub DJ & Entertainment
  • Antro Bar & Pub
  • Rick's Cabaret Las Vegas Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.04M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.55M
Blend (final) Blend
$1.30M
Owner & transaction history
D 3355 Procyon LLC · 14 yrs held
D 3355 Procyon LLC
since 2012
2 recorded transactions
2012
$10.6M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.1M +70.0%
Medical building $1.9M +51.6%
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