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19443765
19443755

3355 Procyon St, Las Vegas, NV 89102

AB
NV NV BS.0020613
SVN | The Equity Group
Listed by SVN | The Equity Group
$14,499,000
675 days on market
Updated 22 days ago
Opportunity zone

Entertainment Venue in Entertainment Capital

Details
APN 162-17-101-028
Property Type Land, Mixed Use (+2)
Sub Type Restaurant, Commercial (+1)
Square Footage 25,460
Net Rentable (SqFt) 25,000
Tenancy Vacant
Price Per Acre $3,800,000
Broker Co-Op Yes
Class B
Year Built 2001
Year Renovated 2012
Buildings 1
Stories 2
Acreage 4.070
Zoning EM Entertainment Mixed Use
Parking Spaces 400 spaces
Parking Per SqFt 15.71
Investment Type Redevelopment
Ground Lease No
Loading Docks 2
Ownership Private
Sale Condition N/A

Entertainment Site with Mixed Use Zoning Plan

Marketing description

Located at the SWC of Desert Inn Road and Procyon Street with traffic counts of 53,000/day and just 1.2 miles west of the Fashion Show Mall, Treasure Island Hotel, Wynn Hotel and Palazzo Hotel. Priced below replacement cost!! With recent sales comps of the land in the immediate area at $2,900,000/ac. Prime "In-Fill" parcel master planned (EM Entertainment Mixed Use) which includes retail, high rise residential or hotel/casino. The subject property is strategically located between "Area 15" with the "Universal Studios Experiences" project and 1 block to the South is "China Town" on Spring Mountain Rd. It sits on a 4.07 acre lot with 289 parking spaces and 318 feet of frontage on Desert Inn Road and 505 feet of frontage on Procyon Street. The property has iron fencing on the exterior property lines. The property is also part of the "Opportunity Zone", offering potential tax benefits and liberal zoning uses.

Investment highlights

  • Located 1.5 miles to the West of the world famous “Las Vegas Strip”

  • Potential High Rise for Condos or Apartments.

  • Potential Hotel/Casino site.

  • Planned EM for Entertainment Mixed Use projects.

  • Located off a major Super Arterial called Desert Inn Rd.

  • Existing Structure over 25,000 Sq. Ft.

Listing Contacts

AB
NV NV BS.0020613
SVN | The Equity Group
Listed by SVN | The Equity Group

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Additional Information

Name
Al Barbagallo
License
NV BS.0020613
Brokerage
SVN/The Equity Group
Title
Senior Vice President
Brokerage Address
2230 Corporate Circle
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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