5950 Sahara Ave Las Vegas, NV 89117
- Banks
- 5,900 SF
- 1.73 lot acres
Current Use by Public Records
- Bank of America (with Drive-thru ATM) / Bank / Loan Service
Property Details for 5950 Sahara Ave
- Year built
- 1981
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.73 lot acres
- Property size
- 5,900 SF
- Property type
- Banks
- APN
- 163-01-401-008
- APU
- 16301401008
Description
This exceptional 0.8-acre commercial land parcel presents a rare build-to-suit or ground lease opportunity in Las Vegas, Nevada. Located at the Northwest corner of Sahara Avenue and Red Rock Street, this property boasts over 100 feet of frontage on Sahara Avenue, a major thoroughfare with approximately 41,500 vehicles per day. The site benefits from its strategic position within the Sahara Avenue Auto Dealership corridor, surrounded by established businesses including several auto dealerships, Burlington, and the Las Vegas Athletic Club. The high traffic counts are further enhanced by proximity to Jones Boulevard (approximately 26,700 vehicles per day), resulting in a combined daily traffic count of approximately 68,200 vehicles. This prime location serves a dense residential area, with over 187,387 households within a 5-mile radius (2023 data). The property is zoned Limited Commercial (C-1) and features a 16301401008 APN. Its convenient access to major transportation arteries, including the I-15 Freeway, US-95 Highway, and the College of Southern Nevada (CSN) within 3 miles, adds to its significant appeal. This is an ideal location for a variety of commercial developments seeking high visibility and strong demographics. The property is a single-tenancy site.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,410,000
- ML approach
- $3,390,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,294,000
Market price range: $1.90M - $4.42M -
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $3,235,000 Current use
- RESTAURANT
- $4,250,000 Change: +31% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,730,000 Change: +15% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,275,000 Change: +1% Conversion: Difficult
- OFFICE BUILDING
- $2,730,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.224
- Latitude
- 36.1448
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
