Eastern & 25th Street, Las Vegas, NV 89101
- $5,200,000
- Sold Price
- $5,200,000
- List Price
- $5,500,000
- Closing Date
- Jan 25, 2024
- Status
- CLOSED
- MLS#
- 2545350
- Lot Size
- 190,318
Property Description
This redevelopment property is an enticing investment opportunity, strategically priced for a swift REO asset transaction with a highly motivated lender! For those seeking financial flexibility, seller financing is available, offering a versatile solution. Beyond its current state, the property holds immense potential, inviting exploration into avenues like continued townhome construction, initiating a new development, or even converting to commercial use. With Phase I subdivided into 31 lots; with 15 townhomes reaching 70% completion, and Phase II offering 48 undeveloped lots, the property provides a versatile platform. The prospect of rezoning Phase II into a large commercial lot or individual parcels adds a distinctive layer to its potential. Nestled in Downtown Las Vegas, this property enjoys an enviable location just minutes away from The Fremont Street Experience and the World Famous Las Vegas Strip, solidifying its appeal in the flourishing Downtown Las Vegas real estate market!
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Additional Information
- Zip
- 89101
- Elementary School 3-5
- Lot Features
- Corner Lot
- Lot Size
- 190,318
- Acres
- 4.39
- Fence
- Fenced
- Sewer
- Public Sewer
- Annual Taxes
- $440
- Foreclosure
- Yes
- Financing Considered
- Seller Financing
Mortgage Calculator
Courtesy of Lindsey Butler with Keller Williams Realty Las Veg. Selling Office: Keller Williams Realty Las Veg.
LVR MLS deems information reliable but not guaranteed.
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