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About This Property

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.

Essential Information

MLS® #2242924
MLS Area103
Price$3,640,000
Bathrooms0.00
Acres8.28
TypeLand
StatusActive-Exclusive Right

Community Information

AddressLamb & Tropical
Area103
CityNorth Las Vegas
CountyClark County
StateNV
Zip Code89115

Additional Information

Date ListedOctober 28th, 2020
Days on Market88
ZoningMulti-Family, Other

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Lamb & Tropical, 103 - North (MLS® #2242924) Property History

Price Reduced from $4,140,000 to $3,640,000

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Property Listed by: Russell A Jacoby of Mosaic Commercial Advisors LLC

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