3355 Procyon St - Storefront Retail/Office FOR SALE


Las Vegas, NV 89102
$15,500,000 USD
702-502-1592
3355 Procyon St, Las Vegas, NV for Sale
$15,500,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | Request Cap Rate

3355 Procyon St
Las Vegas, NV 89102


HIGHLIGHTS

  • Situated just 1.5 miles west of the world-famous "Las Vegas Strip", this property offers exceptional proximity to iconic Hotel/Casinos
  • With 315 feet of frontage on Desert Inn Road and 505 feet on Procyon Street, this expansive site provides space for redevelopment opportunities.
  • Located along a “Super Arterial” route on Desert Inn Road, the property offers quick and direct access to the Las Vegas Convention Center.
  • With 53,000 daily vehicles passing by on Desert Inn Road, this site enjoys unparalleled visibility, perfect for attracting attention to any business.
  • 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

Prime Redevelopment Property which is located at the southwest corner of Desert Inn Road and Procyon Street, just 1.5 miles west of the iconic Las Vegas Strip. It sits on a 4.07 acre lot with 318 feet of frontage on Desert Inn Road and 505 feet of frontage on Procyon Street. The building spans approximately 25,000 square feet with an additional 4,000 sq. ft. of storage, featuring a two-story atrium and luxurious interior décor. This location offers a direct route to the Las Vegas Convention Center via the "Super Arterial" on Desert Inn Road, providing high visibility with daily traffic counts of 53,000. The property is equipped with extensive security measures, including interior and exterior cameras and iron fencing. There are separate rooms that can be used for offices, meetings and special functions. Situated on an in-fill location, aerial video is available upon request. The property is zoned as EM (Entertainment Mixed Use) for retail, M-1 (Light Industrial) for potential use, and R-5 (High Rise Apartments or Condominiums) for residential development, along with all types of entertainment uses. It is also part of an Opportunity Zone, offering potential tax benefits. Additionally, located 2 blocks away from the property is "AREA 15" and "Universal Studios Experiences" with direct access.

FOR SALE DETAILS

PRICE

$15,500,000 USD

PRICE/SF

$609 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Auto Dealership, Freestanding, Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

280

LAND DETAILS

LAND ACRES

4.07 AC

LAND SF

177,289 SF

ZONING

M1/EM

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 Policy.