3520 Spg Mtn Rd Las Vegas, NV 89102-8608

Property Details for 3520 Spg Mtn Rd

Year built

2002

Construction

CONCRETE

Lot size

0.94 lot acres

Property size

14,320 SF

Property type

Industrial land

APN

162-17-202-001

APU

16217202001

Description

This exceptional 3.2-acre land assemblage presents a rare investment opportunity in Las Vegas' thriving Chinatown district. Located at 3520 Spring Mountain Road, this fee-simple property boasts a Commercial General (CG) zoning designation, permitting a diverse range of commercial and residential developments. The site benefits from a recently approved entitlement for a striking five-building, two-story commercial development, encompassing approximately 72,600 square feet of net rentable space, including a 600-space parking facility. This fully entitled project offers significant potential for immediate development. The property's strategic location offers unparalleled access to Interstate 15 and Spring Mountain Road, a major thoroughfare with high traffic volume (53,500 vehicles per day). Further enhancing its appeal, a planned Vegas Loop station is approved for construction at the property's northwest corner, providing convenient access to the Las Vegas Strip and beyond. Surrounded by established businesses, renowned resorts (Wynn, Encore, Venetian, Palazzo, Resorts World), and the Fashion Show Mall, this site is ideally positioned to capitalize on the area's robust economy and growing population. The property's APN is 162-17-202-001, 002, 003, 004. The asking price is $9,750,000, representing a land value of $3,200,000 per acre. This is a truly unique opportunity to acquire a prime piece of real estate in one of Las Vegas' most dynamic and rapidly developing areas.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Longitude

-115.187

Latitude

36.1261

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments