812 Stewart AveLas Vegas, NV 89101

  • Commercial land
  • 2,021 SF
For Sale
$850,000 View listing

Property Details for 812 Stewart Ave

Year built
1947
Lot size
0.16 AC
Property size (Sq ft)
2,021 SF
Property type
Commercial land
APN
139-34-612-039
APU
13934612039

Description

This exceptional 0.36-acre land parcel, located at the corner of Stewart Avenue and 9th Street in Downtown Las Vegas, presents a unique investment opportunity. The property, encompassing two contiguous parcels (APN 139-34-612-038 & 039), is zoned T5 Main Street, allowing for a diverse range of uses including residential, retail, office, and entertainment. This flexible zoning permits the development of mid-rise buildings (three to five stories), with reduced parking requirements to encourage pedestrian activity and alternative transportation. The site benefits from excellent visibility due to its prominent corner location and enjoys convenient access to major freeways (US 95 and I-15), as well as South Las Vegas Boulevard. Its strategic location just north of the Fremont East Entertainment District places it within a rapidly revitalizing area, experiencing increased demand driven by projects such as Symphony Park, the Medical District, new casino developments, and successful high-rise mixed-use residential constructions. Furthermore, the property's proximity to the ACE Downtown Connector Project (scheduled for completion in early 2025) will enhance connectivity to the resort corridor. The asking price for this remarkable property is $850,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $545,859
    Hospitality
    $500,004
    Educational
    $415,997
    Medical
    $430,304
    Retail
    $647,106

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1699
Longitude
-115.135
CBSA code
29820
CBSA name
LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,026
$109,778
-
$109,778
-
$313,651
-
$313,651

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