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750 Dorrell Ln - Deer Springs Town Center

16.14 Acres of Commercial Land Offered at $12,470,000 in North Las Vegas, NV 89086

Investment Highlights

  • Situated within the Deer Springs Town Center power center in North Las Vegas, with excellent 215 beltway visibility and access.
  • Three parcels totaling ±16.14 acres with C-2 zoning, allowing development up to approximately 200,000 SF of Retail in Center.
  • The property serves a population of ±249,137 within a 5-mile radius, with an impressive average household income of $100,655.
  • Combined ±76,800 CPD
  • The Power Center is comprised of 315,000 SF of national, regional, and local tenants, including major retailers Target, Ross, Home Depot, & Burlington
  • Close proximity to major residential developments, including Villages at Tule Springs Masterplan with over 8,600 planned homes and other developments.

Executive Summary

The offering includes three land parcels totaling ± 16.14 AC, giving a Buyer a blank canvas to get creative with its development. Additionally, the offering consists of a value-add ± 12,000 SF retail building, allowing the developer the option to lease up for income or carve out for an investment or owner-user sale. Development potential of approximately 200,000 square feet.

Property Facts

Price $12,470,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Multifamily
Total Lot Size 16.14 AC

1 Lot Available

Lot

Price $12,470,000
Price Per AC $772,615
Lot Size 16.14 AC

This exceptional offering comprises three strategically located parcels totaling 16.14 AC in North Las Vegas, part of a Power Center with easy access just off the CC-215 Beltway. The center features major national retailers such as Target and Ross.

Description

This exceptional offering comprises three strategically located parcels totaling 16.14 acres in North Las Vegas, part of a Power Center with easy access just off the CC-215 Beltway and in close proximity to North 5th Street. The land benefits from its adjacency to a prominent shopping center featuring major national retailers such as Target, Ross, Home Depot, and Burlington, offering excellent visibility and access for various commercial developments. With a robust population of approximately 250,000 residents and an impressive average household income of $100,655 within a 5-mile radius. This combination of high-traffic retail neighbors, strong demographics, significant acreage, and nearby growth projects presents a rare opportunity for investors or developers to capitalize on North Las Vegas's expanding market, whether for retail expansion, mixed-use development, or other commercial ventures. Investment Highlights Strategic Location: Situated within the Deer Springs Town Center power center in North Las Vegas, benefiting from excellent 215 beltway visibility and access with a combined ±76,800 CPD. Retail Development Opportunity: Three parcels totaling ±16.14 acres with C-2 zoning, allowing development up to approximately 200,000 square feet of Retail in existing Regional Retail Center. Strong Retail Environment: The Power Center is comprised of 315,000 SF of national, regional, and local tenants, including adjacent major retailers like Target, Ross, Home Depot, and Burlington (all NAP). Robust Demographics: The property serves a population of ±249,137 within a 5-mile radius, with an impressive average household income of $100,655, indicating strong consumer spending potential in the area. Continued Future Growth: Close proximity to major residential developments, including the Villages at Tule Springs Masterplan with over 8,600 planned homes and other large planned residential and commercial developments. Attractive Financial Projections: Existing (+/-) 12,000sf Retail Building built on site has potential rent of $288,000 which will cash flow the remain vacant developable parcels while development plans is implemented.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 124-23-110-005
  • 124-23-110-004
  • 124-23-210-004
Land Assessment
$1,464,372
Improvements Assessment
$812,147
Total Assessment
$2,276,519

zoning

Zoning Code C-2 (General Commercial)
C-2 (General Commercial)
  • Listing ID: 32652066

  • Date on Market: 8/1/2024

  • Last Updated:

  • Address: 750 Dorrell Ln, North Las Vegas, NV 89086

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