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4700 Harmon Ave

2.1 Acres of Commercial Land Offered at $3,250,000 in Las Vegas, NV 89103

Investment Highlights

  • 2.05 acres of M1 Zoned land at Harmon and Cameron
  • Excellent access to the I-15, 215 and the Las Vegas Strip
  • Ideal site for development

Executive Summary

2.10 acre lot at Harmon and Cameron. Gated and fenced. Ease of access to the I15 and 215. Nearby to the Las Vegas Strip and located adjacent to the Orleans Hotel and Casino. Zoned IL (Industrial Light.) 4700 W Harmon has a 3,661 sf structure which consists of approximately 1,000 sf of offices and approximately 2,661 sf of warehouse. The warehouse has one industrial roll-up door and has largely been used for storage and mechanical repairs. 4620 W Harmon has two small structures which have been used in the past as a guard shack as well as for storage. The lots are partial asphalt and partial gravel.
Triple J Tours leases the lots. They report to be the oldest bus tour company in Las Vegas. They have leased the lots for nearly twenty years. Their lease was renegotiated during COVID and the owner wanted to reward their loyalty and long term tenancy so he agreed to a below market rate that runs until the lease expires in December, 2025.
An investor buyer will have to accept the lease rate as it is until December 31, 2025. The lease has no remaining extensions. An owner user buyer would likely be into Q4 2025 before having development approval so the current lease shouldn't present development issues.

Property Facts

Price $3,250,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 2.10 AC
Cross Streets Cameron

1 Lot Available

Lot

Price $3,250,000
Price Per AC $1,547,619
Lot Size 2.10 AC

Two parcels for sale that total 2.10 acres located at Harmon and Cameron. Gated and fenced. Ease of access to the I15 and 215. Nearby to the Las Vegas Strip and located adjacent to the Orleans Hotel and Casino. Zoned IL (Industrial Light.)

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 162-19-203-007
  • 162-19-203-008
Land Assessment
$400,207
Improvements Assessment
$53,284
Total Assessment
$453,492

zoning

Zoning Code M1 County (M1 County)
M1 County (M1 County)
  • Listing ID: 31451060

  • Date on Market: 4/8/2024

  • Last Updated:

  • Address: 4700 Harmon Ave, Las Vegas, NV 89103

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