3025 Highland DrLas Vegas, NV 89109

Property Details for 3025 Highland Dr

Year built

1979

Construction

CONCRETE

Lot size

0.51 AC

Property size (Sq ft)

10,400 SF

Property type

Commercial land

APN

162-08-705-007

APU

16208705007

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $2,537,012

  Hospitality

  $2,323,889

  Educational

  $1,933,448

  Medical

  $1,999,943

  Retail

  $3,007,586

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.135

Longitude

-115.175

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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