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27430615
27430616

3355 Procyon Street, Las Vegas, NV 89102

AB
NV NV BS.0020613
SVN | The Equity Group
Listed by SVN | The Equity Group
$14,499,000
237 days on market
Updated 21 days ago
Opportunity zone

Mixed Use Land

Details
APN 162-17-101-028
Property Type Land
Sub Type Commercial
Square Footage 25,000
Lease Expiration 12/31/2025
Broker Co-Op Yes
Acreage 4.000
Zoning EM
Ownership Private

Land | 4 acres

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

  • In-Fill Location

  • Master Planned EM (Entertainment Mixed Use)

  • Potential High Rise Tower

  • Apartments, Condos, Hotel

  • Located Between Area 15 & Chinatown

  • 1 mile West of the Las Vegas Strip with Unobstructed Views

  • On the Desert Inn Super Arterial with High Traffic Counts

  • Potential Gaming Site

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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