Redevelopment Opportunity
$15,500,000
3355 Procyon St, Las Vegas, NV 89102
25,000 sqft
Building Size
4.07 acres
Lot Area
Details:
Highlights:
- Priced Below Replacement Cost
- Strategically positioned between ChinaTown and Area 15
- Beautiful Structure on the Interior and Exterior
- Master Planned "Entertainment Mixed Use"
- Located 2 miles West of the Las Vegas Strip
Description:
Price just reduced for this prime "In-Fill" property for entertainment, retail, high rise residential or hotel/casino. Located at the SWC of Desert Inn Road and Procyon Street with traffic counts of 53,000/day and just 1.5 miles west of the iconic "Las Vegas Strip". Recent sales comps values the land at $2,900,000/AC which places the building cost at $156/SF which is way below replacement cost! 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 Road. 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. There are existing liquor and entertainment use licenses and was open as a Night Club. The building spans approximately 25,460 square feet with an additional 4,000 square feet of storage including an electrical generation system. The property is equipped with interior and exterior cameras along with iron fencing on the exterior property lines. There are separate rooms including a full kitchen. The property is zoned as EM (Entertainment Mixed Use) and is also part of the "Opportunity Zone", offering potential tax benefits and liberal zoning uses.
Located 1.5 miles West of the Las Vegas Strip. Excellent visibility off the Desert Inn Rd. arterial which lead directly to the Las Vegas Strip.
Generally Level
3 Phase
Documents:
| Title | ||
|---|---|---|
| OM_3355_Procyon_Street.pdf |
Location
Gallery
