3025 Highland DrLas Vegas, NV 89109

For Sale
$2,000,000

1.26 Acres, Prime Location, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 1.26-acre commercial land parcel presents a compelling investment opportunity in the heart of Las Vegas, Nevada. Strategically located less than a mile from the Las Vegas Strip and boasting easy access to I-15 via Spring Mountain Road or Sahara Avenue, this industrially zoned property offers significant development potential for a variety of occupiers. Its prime location makes it ideal for industrial outdoor storage (IOS), providing immediate income potential. The property benefits from strong real estate fundamentals, including a remarkably low industrial vacancy rate of 1.7% in the second quarter of 2023, and robust job growth in the Las Vegas area, with nearly 28,000 industrial-related jobs added in the last five years. The surrounding demographics are equally impressive, showcasing a 2.6% household growth over the past 13 years, reaching approximately 29,748 households in 2023, with an average household income of $81,150 and a college-educated population of roughly 20%. This is an irreplaceable location with exceptional potential for long-term growth and profitability. The asking price for this unique property is $2,000,000. The property is situated at 3025-3035 S Highland Dr, Las Vegas, NV 89109 and 89102, within Clark County.

Highlights

  • Low 1.7% industrial vacancy rate in Q2 2023, reflecting strong fundamentals. Las Vegas's robust job market shows 4.2% year-over-year growth (45,000 jobs) and 28,000 industrial job additions in the past five years.
  • 2-mile radius boasts strong demographics: 29,748 households (2.6% growth over 13 years), $81,150 average household income, and approximately 20% college-educated population.

Property Details for 3025 Highland Dr

Property type
Other land, Land
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1349415
Longitude
-115.175229
3025 Highland Dr, Las Vegas, Nevada

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3025 Highland Dr
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