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215 Philadelphia ave - The Philly at 215 Development Opportunity 0.6 Acres of Residential Land Offered at $2,442,860 CAD in Las Vegas, NV 89102
INVESTMENT HIGHLIGHTS
- - Located in an Opportunity Zone and Redevelopment Area
- - Fully Entitled for 87 Multifamily Units
- - Walking distance to Las Vegas Blvd and the Arts District
- - 0.60+/- Acres of Land
- - Desirable R-4 Zoning
- - Directly Behind the Strat Hotel and Casino and Atomic Golf
EXECUTIVE SUMMARY
The Philly at 215 is a 0.60+/- acre parcel of land with R-4 zoning. Nestled within a qualified opportunity zone and redevelopment area, this property is positioned for potential growth and benefits. This development opportunity is fully entitled for 87 multifamily units. Investors may take advantage of opportunity zone tax incentives, such as deferring capital gains tax, a step-up basis, and tax-free status after 10 years. Not to mention access to large opportunity zone funds, which can be found on Opportunitydb.com.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,442,860 CAD | Lot Size | 0.60 AC |
| Price Per AC | $4,071,433.44 CAD |
| Price | $2,442,860 CAD |
| Price Per AC | $4,071,433.44 CAD |
| Lot Size | 0.60 AC |
Land is entitled and utilities are at the street.
DESCRIPTION
Located just off the world-famous Las Vegas Strip and directly behind The STRAT Hotel and Casino and newly built Atomic Golf, The Philly at 215 is surrounded by a vast amount of employment, shopping, hospitality, and entertainment. This location has seen an incredible amount of gentrification and new development in recent years. The nearby Arts District continues to expand and has become a very popular destination for tourists and Las Vegas locals alike.
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 162-04-710-150 | Improvements Assessment | $0 CAD |
| Land Assessment | $231,753 CAD | Total Assessment | $231,753 CAD |
PROPERTY TAXES
Parcel Number
162-04-710-150
Land Assessment
$231,753 CAD
Improvements Assessment
$0 CAD
Total Assessment
$231,753 CAD
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215 Philadelphia ave - The Philly at 215 Development Opportunity
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