±3.83 Acres | R-4 Zoning | High Density Residential Site - Availability Details
4725 East Russell Road, Las Vegas, NV 89120
- Sale Price $1,100,000
- City Las Vegas
- Neighborhood Paradise
- Zip Code 89120
- Market Las Vegas
- Property Type Land
- Property Size 3.83 Acre
- Lot Size 3.83 Acre
- Date Updated 18 Feb, 2020
The subject property offers developers and investors a one-of-a-kind opportunity to acquire a ±3.83 acre parcel that is located on the top of Whitney Mesa. The topography of this site provides 360° panoramic views of the entire Las Vegas Valley. The site has been approved for a 74 apartment unit development - conceptual rending on the next page.
The property consists of ±3.83 gross acres, ±1.3 acres of which is buildable. The land is currently zoned R-4 (Multiple Family Residential – High Density) and envisioned for a multi-family development, although also suitable for high end single family residential, restaurant, wedding or entertainment venue. The property is in rough grade condition; curb and gutter work has been completed on part of the access road leading to the mesa. The East Las Vegas submarket is growing and benefiting economically from the development of Union Village: A $1.2 billion dollar Integrated Health Village offering a complete continuum of care to the valley residents.
Sun Commercial Real Estate Inc.