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215 Philadelphia ave - The Philly at 215 Development Opportunity

0.6 Acres of Residential Land Offered at $1,750,000 in Las Vegas, NV 89102

Residential Land & Home Lots Nevada Las Vegas 215 Philadelphia ave, Las Vegas, NV 89102

Investment Highlights

  • - Located in an Opportunity Zone and Redevelopment Area
  • - Fully Entitled for 87 Multifamily Units
  • - Walking distance to Las Vegas Blvd and the Arts District
  • - 0.60+/- Acres of Land
  • - Desirable R-4 Zoning
  • - Directly Behind the Strat Hotel and Casino and Atomic Golf

Executive Summary

The Philly at 215 is a 0.60+/- acre parcel of land with R-4 zoning. Nestled within a qualified opportunity zone and redevelopment area, this property is positioned for potential growth and benefits. This development opportunity is fully entitled for 87 multifamily units. Investors may take advantage of opportunity zone tax incentives, such as deferring capital gains tax, a step-up basis, and tax-free status after 10 years. Not to mention access to large opportunity zone funds, which can be found on Opportunitydb.com.

Property Facts

Price $1,750,000 Property Subtype Residential
Sale Type Investment Total Lot Size 0.60 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price $1,750,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.60 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $1,750,000 Lot Size 0.60 AC
Price Per AC $2,916,667
Price $1,750,000
Price Per AC $2,916,667
Lot Size 0.60 AC

Description

Located just off the world-famous Las Vegas Strip and directly behind The STRAT Hotel and Casino and newly built Atomic Golf, The Philly at 215 is surrounded by a vast amount of employment, shopping, hospitality, and entertainment. This location has seen an incredible amount of gentrification and new development in recent years. The nearby Arts District continues to expand and has become a very popular destination for tourists and Las Vegas locals alike.

Links

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215 Philadelphia ave, Las Vegas, NV - aerial map view - Image1
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215 Philadelphia ave, Las Vegas, NV - aerial map view - Image3

PROPERTY TAXES

Parcel Number 162-04-710-150 Improvements Assessment $0
Land Assessment $164,468 Total Assessment $164,468

PROPERTY TAXES

Parcel Number
162-04-710-150
Land Assessment
$164,468
Improvements Assessment
$0
Total Assessment
$164,468

zoning

Zoning Code R4
R4
(702) 820-5660

Contacts

  • Listing ID: 33489990

  • Date on Market: 10/11/2024

  • Last Updated:

  • Address: 215 Philadelphia ave, Las Vegas, NV 89102

More public record information on 215 Philadelphia ave, Las Vegas, NV 89102

The Land Property at 215 Philadelphia ave, Las Vegas, NV 89102 is currently available for sale. Contact ABI Multifamily for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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215 Philadelphia ave - The Philly at 215 Development Opportunity
(702) 820-5660 x

215 Philadelphia ave - The Philly at 215 Development Opportunity

1/2

Jason Dittenber

(702) 820-5660

(702) 820-5660

Josh McDougall

(702) 820-5636

(702) 820-5636

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