Courtesy of Signature Real Estate Group, Francine Hart.
Property Description
Prime Investment Opportunity – Lake Mead Blvd Frontage Don’t miss this rare and lucrative investment opportunity in a high-traffic, high-visibility location. Situated just off Lake Mead Boulevard, this nearly one-acre corner lot spans three frontages—Lake Mead Blvd, Betty Lane, and Meikle Lane—offering exceptional accessibility and development potential. The property currently generates rental income from a single-family residence and a duplex, providing immediate cash flow. A recently updated well system adds reliability and long-term value. The large vacant portion of the lot is ideally suited for future commercial development, with the potential for direct exposure on Lake Mead Blvd. Whether you’re an investor seeking strong rental returns or a developer exploring commercial expansion, this property delivers both short-term income and long-term upside.
Open House
Property Details and Features
-
Building
- Construction Materials: Stucco,WoodFrame
- Number Of Buildings: 2
- Structure Type: Duplex
-
Expenses
- Insurance Expense: $1,200
- Maintenance Expense: $1,500
- Operating Expense: $3,726
- Professional Management Expense: $0
-
Income
- Gross Income: $46,200
-
Interior Features
- Interior Features: CeilingFans
-
Listing
- Lease Term: MonthToMonth
- Listing Terms: Cash,Conventional
- Number Of Units Total: 3
- Public Survey Range: 62
- Public Survey Section: 21
- Public Survey Township: 20
-
Location
- City: Las Vegas
- County Or Parish: Clark
- Distance To Sewer Comments: Public
- Distance To Water Comments: Private Well
-
Lot
- Additional Parcels Description: —
- Parcel Number: 140-21-303-001
-
Parking
- Parking Features: Covered,Paved
-
Property
- Property Condition: GoodCondition,Resale
- Property Sub Type: Duplex
-
Taxes
- Tax Annual Amount: $2,655
-
Tenant Pays
- Tenant Pays: Electricity
-
Utilities
- Expense: $900
- Electric: PhotovoltaicsNone