$5,200,000
$5,500,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
4.39 Acres Lot
SOLD DATE : 01/25/2024
Key Details
Sold Price $5,200,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2545350
Sold Date 01/25/24
HOA Y/N No
Annual Tax Amount $440
Lot Size 4.391 Acres
Acres 4.391
Property Description
This redevelopment property is an enticing investment opportunity, strategically priced for a swift REO asset transaction with a highly motivated lender! For those seeking financial flexibility, seller financing is available, offering a versatile solution. Beyond its current state, the property holds immense potential, inviting exploration into avenues like continued townhome construction, initiating a new development, or even converting to commercial use. With Phase I subdivided into 31 lots; with 15 townhomes reaching 70% completion, and Phase II offering 48 undeveloped lots, the property provides a versatile platform. The prospect of rezoning Phase II into a large commercial lot or individual parcels adds a distinctive layer to its potential. Nestled in Downtown Las Vegas, this property enjoys an enviable location just minutes away from The Fremont Street Experience and the World Famous Las Vegas Strip, solidifying its appeal in the flourishing Downtown Las Vegas real estate market!
Location
State NV
County Clark
Community Curbs, Gated
Zoning Commercial,Single Family
Direction From US-95N, South on Eastern; Community is on your LEFT at Eastern & N. 25th Street (located just before Fremont Street).
Interior
Fireplace No
Exterior
Fence Fenced
Community Features Curbs, Gated
Water Access Desc Public
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Schools
Elementary Schools ,
Others
Tax ID 139-35-818-019
Security Features Gated Community
Acceptable Financing Cash, Conventional, New Loan, Owner Will Carry
Listing Terms Cash, Conventional, New Loan, Owner Will Carry
Financing Seller Financing
Special Listing Condition Real Estate Owned
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Copyright 2025 of the Las Vegas REALTORS®. All rights reserved.
Bought with Lindsey Butler Keller Williams Realty Las Veg
lindsey@lindseybutlerhomes.com
9420 W. Sahara Avenue # 100, Vegas, Nevada, 89117, United States