875 Boulder LnIndian Springs, NV 89018

Property Details for 875 Boulder Ln

Lot size

16.44 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 16.44-acre parcel in Indian Springs, Nevada, presents a remarkable multifamily development opportunity. Zoned R-3, it's approved for 304 units, boasting a compact neighborhood designation allowing up to 18 units per acre. A development agreement with Clark County includes waivers for off-site improvements, streamlining the development process. The property benefits from readily available utilities, including Clark County municipal sewer service, and fiber optic service is soon to arrive. Strategically located near a substantial employment center with a daily commuter workforce exceeding 6,000, this site offers significant potential for high occupancy rates. The property's coordinates are 36.571805, -115.678994 (Google Maps: 36.572045, -115.679009). The asking price is $5,500,000, translating to approximately $334,550 per acre. Property taxes for 2024-2025 are $2,205.64. The location's proximity to Creech Air Force Base, a major employer, and the burgeoning growth of Indian Springs, further enhances its investment appeal. This is a rare opportunity to capitalize on the strong demand for housing in this rapidly developing area of Nevada, near established amenities and excellent schools. The site is currently unimproved vacant land with paved roads, water, sewer, electric, and telephone services readily accessible. Adjacent land uses include manufactured homes and single-family residences.

Location Insight

City

Indian Springs

County

Clark

State

Nevada

Latitude

36.5718

Longitude

-115.679

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