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Mixed-Use

Chinatown Vegas Gateway | 6.88 Acres

3520 Spring Mountain Rd, Las Vegas, NV 89102

Listing Price: $19,000,000

Lot Size
6.88 acres
Price/Acre
$2,761,628
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present the opportunity to list a rare assemblage of Seven adjacent parcels totaling +/-6.88 acres of land between West Spring Mountain Road on the north and W Twain Ave on the south with street frontage on Procyon Street on the west and Polaris Ave on the east side.

The portfolio is centrally located in Las Vegas just west of Interstate 15 with the Las Vegas Strip on the east side of the highway. Spring Mountain Road is a major east/west thoroughfare that is heavily trafficked during peak hours and connects with th e Strip. It has recently been announced that the future Las Vegas Loop (Elon Musk's Boring Company Tunnel) is planning to add a station at the nearby corner of South Valley View Boulevard and West Twain Avenue.

The immediate surrounding area is complemented by resort destinations including Wynn, Encore, Venetian, Palazzo, Resorts World Las Vegas and Fashion Show Mall that boasts 243 stores including Neiman Marcus, Nordstrom, Saks Fifth Avenue and Dick's Sporting Goods.

Las Vegas has a strong economy, a growing population, and a limited supply of centrally located commercial land. These factors have contributed to a steady increase in the demand for commercial space and have driven up the value of commercial real estate. Additionally, Nevada offers a number of tax advantages to commercial real estate owners.

The Las Vegas Chinatown district is located on Spring Mountain Road, west of the Las Vegas Strip. It is a thriving commercial district that spans several blocks and includes a wide variety of businesses, from restaurants and shops to hotels and medical clinics. The area is known for its authentic Chinese cuisine, as well as its pan-Asian influences.

This portfolio presents prospective developers of mixed use commercial, multifamily, hospitality or industrial property a unique, well-situated and highly visible land assemblage allowing for spectacular future developments.

Clark County and the City of Las Vegas have approved a total of 68 miles of tunnel and 93 stations for the [Vegas Loop](https://www.boringcompany.com/vegas-loop), including 3520 Spring Mountain Rd (APN 167-17-202-001).

The Vegas Loop will provide fast and convenient transportation to the Las Vegas community, its visitors, and beyond. The Vegas Loop will include LVCC Loop and any future service extensions including those to casinos along the Strip, Harry Reid International Airport, Allegiant Stadium, downtown Las Vegas, and eventually to Los Angeles. Once complete, the Vegas Loop will transport more than 90,000 passengers per hour.

Investment Highlights

  • Seven Parcel Portfolio with +/- 6.88 acres for redevelopment for a mixed-use commercial/residential or industrial project with immediate proximity to Interstate 15 on West Spring Mountain Road
  • Located near the heart of the Las Vegas Strip
  • Adjacent to the unique retail and dining experiential destination that is the Chinatown and Asian district frequented by locals and visitors alike
  • Significant daytime and nighttime traffic from both Las Vegas residents and tourists with +/- 94,000 VPD
  • Less than half a mile from Interstate 15 on high traffic east/west thoroughfare
  • Developing commercial area with favorable long-term economic outlook
  • Proposed Las Vegas Loop Station

Exclusively Listed By

Mixed-Use

Chinatown Vegas Gateway | 6.88 Acres

Listing Price: $19,000,000

Lot Size
6.88 acres
Price/Acre
$2,761,628
Land Type
Redevelopment

Investment Highlights

  • Seven Parcel Portfolio with +/- 6.88 acres for redevelopment for a mixed-use commercial/residential or industrial project with immediate proximity to Interstate 15 on West Spring Mountain Road
  • Located near the heart of the Las Vegas Strip
  • Adjacent to the unique retail and dining experiential destination that is the Chinatown and Asian district frequented by locals and visitors alike
  • Significant daytime and nighttime traffic from both Las Vegas residents and tourists with +/- 94,000 VPD
  • Less than half a mile from Interstate 15 on high traffic east/west thoroughfare
  • Developing commercial area with favorable long-term economic outlook
  • Proposed Las Vegas Loop Station

Investment Overview

Marcus & Millichap is pleased to present the opportunity to list a rare assemblage of Seven adjacent parcels totaling +/-6.88 acres of land between West Spring Mountain Road on the north and W Twain Ave on the south with street frontage on Procyon Street on the west and Polaris Ave on the east side. The portfolio is centrally located in Las Vegas just west of Interstate 15 with the Las Vegas Strip on the east side of the highway. Spring Mountain Road is a major east/west thoroughfare that is heavily trafficked during peak hours and connects with th e Strip. It has recently been announced that the future Las Vegas Loop (Elon Musk's Boring Company Tunnel) is planning to add a station at the nearby corner of South Valley View Boulevard and West Twain Avenue. The immediate surrounding area is complemented by resort destinations including Wynn, Encore, Venetian, Palazzo, Resorts World Las Vegas and Fashion Show Mall that boasts 243 stores including Neiman Marcus, Nordstrom, Saks Fifth Avenue and Dick's Sporting Goods. Las Vegas has a strong economy, a growing population, and a limited supply of centrally located commercial land. These factors have contributed to a steady increase in the demand for commercial space and have driven up the value of commercial real estate. Additionally, Nevada offers a number of tax advantages to commercial real estate owners. The Las Vegas Chinatown district is located on Spring Mountain Road, west of the Las Vegas Strip. It is a thriving commercial district that spans several blocks and includes a wide variety of businesses, from restaurants and shops to hotels and medical clinics. The area is known for its authentic Chinese cuisine, as well as its pan-Asian influences. This portfolio presents prospective developers of mixed use commercial, multifamily, hospitality or industrial property a unique, well-situated and highly visible land assemblage allowing for spectacular future developments. Clark County and the City of Las Vegas have approved a total of 68 miles of tunnel and 93 stations for the [Vegas Loop](https://www.boringcompany.com/vegas-loop), including 3520 Spring Mountain Rd (APN 167-17-202-001). The Vegas Loop will provide fast and convenient transportation to the Las Vegas community, its visitors, and beyond. The Vegas Loop will include LVCC Loop and any future service extensions including those to casinos along the Strip, Harry Reid International Airport, Allegiant Stadium, downtown Las Vegas, and eventually to Los Angeles. Once complete, the Vegas Loop will transport more than 90,000 passengers per hour.

Exclusively Listed By

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