0 Koval LnParadise, NV 89119

For Sale
$5,495,000

1.35 Acres, High-Density Zoning

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 58,370 square foot commercial land parcel, located at the prominent corner of Koval Lane and Reno Avenue in Paradise, Nevada (zip code 89119), presents a remarkable development opportunity. The property, encompassing two parcels (APN 162-28-102-009 & 162-28-102-011), boasts a strategic location directly across from Jet Suite X, Papillon Grand Canyon Helicopters, and Harry Reid International Airport. Its H-1 and C-T zoning permits a wide range of uses, including condo/hotel, multifamily, commercial, and professional developments. Preliminary plans suggest the potential for an 8-10 story condo/hotel development, with estimates of up to 100 buildable units. The asking price is $5,495,000, translating to $94 per square foot. This prime Las Vegas location offers unparalleled proximity to the Las Vegas Strip (less than half a mile), the MGM Grand Casino and Resort, and McCarran International Airport (five minutes away). The seller may consider a joint venture partnership. This is a truly exceptional opportunity to acquire a significant land holding in one of Las Vegas's most desirable and rapidly developing areas.

Highlights

  • 100 buildable units potential.
  • Adjacent to MGM Grand.
  • 5-minute drive to McCarran International Airport.
  • Prime Las Vegas Strip location.
  • 0.5-mile from the Las Vegas Strip.
  • Joint venture partnerships considered.

Location Insight

City
Paradise
County
Clark
State
Nevada
Latitude
36.097346332723
Longitude
-115.16431411238
Koval Ln, Paradise, Nevada

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0 Koval Ln
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