Property profile

840 South Commerce St Las Vegas, NV 89106

FOR SALE
Industrial land
Property ID
US62-0447066
3.53 ac lot
Entity Owned Free & Clear
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840 South Commerce St, Las Vegas, NV 89106 For Sale
$19,800,000
840 South Commerce St, Las Vegas, NV 89106
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Property summary

AI-generated overview

This exceptional 6.5-acre industrial land parcel presents a remarkable investment opportunity in the heart of Las Vegas's vibrant Downtown Civic & Business District. Strategically located at the intersection of Bonneville and Main Streets, this property boasts convenient access from both Main Street and Commerce Street. The two contiguous parcels, identified by APNs 139-33-801-019 and 139-34-302-006, are zoned for industrial use (M-Industrial), offering significant flexibility for a variety of development projects. The site's prime location makes it ideal for mixed-use, industrial, office, or retail development. Utilities are readily available, simplifying the development process. This substantial land holding offers unparalleled potential for substantial returns in a rapidly growing area of Las Vegas, Nevada. The asking price for this exceptional property is $19,800,000. The address is 840 S Commerce St, Las Vegas, NV 89106, within Clark County. This is a rare opportunity to acquire a large, well-situated parcel in a thriving urban core.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 3.53 ac (153,767 SF)
APN 139-33-801-019
UPID US62-0447066

Cap rate & NOI

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

Location

840 South Commerce St Las Vegas, NV 89106
Las Vegas metro Census 7900 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

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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More about this property
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