750 Dorrell LnNorth Las Vegas, NV 89086

For Sale
$12,470,000

16 Acres, Prime North Las Vegas Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 16.14-acre commercial land parcel in North Las Vegas, NV, presents a unique investment opportunity. Located within the Deer Springs Town Center power center, this property boasts three contiguous parcels with C-2 zoning, allowing for approximately 200,000 square feet of retail development. The site benefits from high visibility and accessibility, situated near the CC-215 Beltway and North 5th Street, and is adjacent to a thriving shopping center anchored by major national retailers such as Target, Ross, Home Depot, and Burlington. This strategic location serves a robust population of approximately 249,137 within a 5-mile radius, exhibiting an impressive average household income of $100,655. The property's potential is further enhanced by its proximity to significant residential growth projects, including the Villages at Tule Springs Masterplan, which plans over 8,600 homes. An existing 12,000 square foot retail building on the site offers potential rental income of $288,000, providing cash flow during future development phases. The asking price is $12,470,000, with a land value of $17.74 per square foot. The property's APN is 124-23-110-004, 124-23-110-005, and 124-23-210-014. This offering is ideal for developers and investors seeking to capitalize on North Las Vegas's expanding market. The property's location within a high-traffic retail environment, coupled with strong demographics and significant acreage, makes it a compelling investment prospect for various commercial ventures.

Highlights

  • High-visibility location within the Deer Springs Town Center power center in North Las Vegas, offering excellent access to the 215 Beltway and approximately 76,800 vehicles per day.
  • Three contiguous parcels totaling ±16.14 acres with C-2 zoning, allowing for up to 200,000 square feet of retail development within an established regional retail center.
  • Strong retail environment anchored by national retailers including Target, Ross, Home Depot, and Burlington, totaling 315,000 square feet of retail space.
  • Robust demographics with a population of approximately 249,137 within a 5-mile radius and an average household income of $100,655.
  • Significant future growth potential due to proximity to major residential developments, including the Villages at Tule Springs Masterplan with over 8,600 planned homes.
  • Existing 12,000 square foot retail building with potential rental income of $288,000, providing cash flow during future development.

Property Details for 750 Dorrell Ln

Property type
Other land, Land
Lot Size (sq. ft)
703,058 SF

Location Insight

City
North Las Vegas
County
Clark
State
Nevada
Latitude
36.288825
Longitude
-115.131151
750 Dorrell Ln, North Las Vegas, Nevada

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750 Dorrell Ln
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