3355 Procyon St - Bar FOR SALE


Las Vegas, NV 89102- Chinatown
$13,500,000 USD
702-502-1592
3355 Procyon St, Las Vegas, NV for Sale
$13,500,000 USD
Bar - FOR SALE
1/11
null | Request Cap Rate

3355 Procyon St
Las Vegas, NV 89102
Chinatown


HIGHLIGHTS

  • Situated just 1.2 miles West of the world-famous "Las Vegas Strip"
  • Price Below Replacement Cost!
  • Located on a “Super Arterial” route of Desert Inn Road with over 318 Feet of Frontage
  • Traffic Counts at 53,000 per day on Desert Inn Rd.
  • The property is equipped with both interior and exterior cameras, as well as iron fencing, ensuring maximum security and peace of mind.
  • Positioned within an Opportunity Zone, this property offers potential tax incentives, making it an ideal investment for developers and business owners

OVERVIEW

Major price reduction for this 4.08 acre site located at the SWC of Desert Inn Road and Procyon Street with traffic counts of 53,000/day. Just 1.2 miles west of the Fashion Show Mall, Treasure Island Hotel, Wynn Hotel and Palazzo Hotel. With recent sales comps of land within a 1/2 mile radius at $2,900,000/ac. Prime "In-Fill" parcel master planned (EM Entertainment Mixed Use) which includes Retail, high density Apartments, Hotel or a combination. The subject property is strategically located between "Area 15" with the "Universal Studios Experiences" project and 1 block South of "China Town" on Spring Mountain Rd. It sits on a 177,289 sq. ft. lot with 318 feet of frontage on Desert Inn Road and 505 feet of frontage on Procyon Street. The property is also part of the "Opportunity Zone", offering potential tax benefits and liberal zoning uses. Possible owner financing for qualified developers or investors.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$530 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed Use Land & Structure

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Freestanding, Restaurant, Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

289

LAND DETAILS

LAND ACRES

4.07 AC

LAND SF

177,289 SF

ZONING

EM Entertainment Mixed Us

APN/PARCEL ID

162-17-101-028

ASK ABOUT THIS PROPERTY

Al BarbagalloSVN | The Equity GroupMore Info
702-502-1592

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Al BarbagalloSVN | The Equity GroupMore Info
702-502-1592

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.