4815 S Las Vegas Blvd - Heart of Las Vegas Blvd, Russell Rd 2.48 Acres of Commercial Land Offered at $13,499,990 in Las Vegas, NV 89119
INVESTMENT HIGHLIGHTS
- 4815 S Las Vegas Boulevard is one of the only remaining undeveloped sites on the famous Las Vegas Strip "Resort Corridor."
- Positioned in a QOZ (Quality Opportunity Zone), providing substantial tax benefits and the ability to defer capital gains for up to 10 years.
- Conveniently located across from Mandalay Bay Convention Center and north of the new Dream Hotel project.
- Located at a high-traffic, sought-after address approximately a half-mile from the Allegiant Stadium, home to the Las Vegas Raiders NFL team.
- Las Vegas has more than 2 million residents and welcomed over 40 million visitors in 2023, the highest number since the pandemic.
EXECUTIVE SUMMARY
SALE FLYER
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $13,499,990 |
| Price Per AC | $5,443,544.35 |
| Lot Size | 2.48 AC |
In a QOZ (Quality Opportunity Zone), ideal for development. The H1 Zoning allows for a variety of uses, including hotels, gaming establishments, apartments, commercial, etc. Design plans need to be submitted for permitted use.
DESCRIPTION
Acquire one of the only remaining undeveloped sites on the famous Las Vegas Strip "Resort Corridor." The asset is valuably located in a QOZ (Quality Opportunity Zone). H1 Zoning allows for a variety of developments, including a hotel, gaming establishment, apartment complex, general commercial use, and more. 4815 S Las Vegas Boulevard is subject to major tax benefits and the ability to defer capital gains for up to 10 years. Design plans need to be submitted for permitted use. This property sits approximately a half-mile from the Allegiant Stadium, home to the Las Vegas Raiders NFL team. Las Vegas boasts more than 2 million residents. In 2019, more than 42 million people visited the city, and projections indicate the number of visitors will soon surpass pre-pandemic norms. 4815 S Las Vegas Boulevard sits among premier destinations. It is across from Mandalay Bay and north of the New Dream Hotel project.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Sayulitas Mexican Food | - | - | 8 min walk |
| Panda Express | - | - | 8 min walk |
| Mcdonald's | - | - | 8 min walk |
| Starbucks | Cafe | $ | 9 min walk |
| Charlie Palmer Steak Las Vegas | American | - | 9 min walk |
| Libertine Social | American | $$$ | 11 min walk |
| Kumi Japanese Restaurant + Bar | Japanese | $$$$ | 11 min walk |
| Johnny Rockets | Burgers | - | 11 min walk |
| Fleur | French | $$$$ | 11 min walk |
HOTELS |
|
|---|---|
| Four Seasons |
424 rooms
3 min drive
|
| Holiday Inn Express |
139 rooms
4 min drive
|
| Trademark Collection by Wyndham |
189 rooms
4 min drive
|
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $20,924,609 (2024) | |
| Land Assessment | $20,924,609 (2024) | Annual Taxes | ($1) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
ZONING
| Zoning Code | H-1, County (Highway Commercial) |
ABOUT THE SELLER
SALE ADVISOR
SALE ADVISOR
