Listing ID: 2242924
Price: $3,640,000
Status: Active
Address: Lamb & Tropical
City: North Las Vegas
State: Nevada
Postal Code: 89115
Acres: 8.280
County: Clark County
North Las Vegas
NV
89115
This infill parcel has just been approved for R-3 multi-family zoning allowing up to 25 units per acre (207 units). This unique opportunity is in very close proximity to major quality employment centers / developments including Amazon, Fanatics, Cap Rock, Prologis, Vantrust, Apex Industrial, LV Speedway & Nellis AFB. The site has direct access to both I-15 (.55 miles south @ Lamb) and 2-15 (1.37 miles north @ Lamb) making travel to downtown, the Strip, Airport and Summerlin area very convenient. The nearest existing multi-family product is 1.3 miles to the west and 1.8 miles south of this site. There is major need for this product with all of the quality employment nearby and very limited multi-family to serve. Attached concept site plan used to obtain zoning consists of four 3 story buildings with 207 total units (120 - 2 Bdr & 87 -1 bdr). Detailed due diligence package available upon request. Asking $20,000 per door.

Primary Features

Zoning: Multi-Family,Other

Interior Features

Electricity: Below Ground
Water: Public

External Features

Gas Description: 0-200'
Highlights: Approved 207 Units
Lot Front: Section Line
Lot SqFt: 360677
Net Acres: 8.28
Number of G Acres: 8.28
Number of Parcels: 1
Road: Paved, Road
Sewer: Other, Public
Terrain Description: Cleared

Additional

Environment Survey: no
Listing Agreement Type: Active-Exclusive Right
Master Plan: Multifamily
Range: 62
Realtor: yes

Location Information

Area: 103 - North
Census Tract: 003628
Cross Street: Lamb & Tropical
Parcel Number: 123-29-301-001
Section: 29
Township: 19
Zoning Authority: North Las Vegas

Financial Details

Annual Property Taxes: 11984
Association Fee: no
AVM: no
Current Price: 3640000
Down Payment: 4140000
Earnest Deposit: 100000
Financing Considered: Cash
Foreclosure Commenced: no
Owner Licensee: Yes
Price Per Acre: 439614
Reposession/REO: no
Short Sale: no
SID/LID: no
Subject to FIRPTA: no
Type Owner Will Carry: None

Zoning Info


Listing Courtesy of
Russell A Jacoby
,
Mosaic Commercial Advisors LLC
.

The data related to Real Estate for sale on this website comes in part from the INTERNET DATA EXCHANGE (IDX) program of the Greater Las Vegas Association of REALTORS® MLS. Real Estate listings held by Brokerage firms other than Sunbelt Development & Realty Partners, LLC are marked with the IDX logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Please contact Sunbelt Development & Realty Partners, LLC directly for additional information pertaining to the status and availability of properties displayed on this website.

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© 2021 of the Greater Las Vegas Association of REALTORS® MLS. All rights Reserved. Data last updated: Sunday, March 7th, 2021 at 03:45:55 AM.

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