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Executive Summary
High-Yield Opportunity – Motivated Seller3761 Royal Crest St, Las Vegas, NV 89119. This is a rare opportunity to acquire an 8,064 SF mixed-use building on a 0.43-acre lot in one of Las Vegas’s most resilient submarkets. The seller is highly motivated, making this an ideal acquisition for a value-add investor or a developer looking to capitalize on the property's versatile H-1 (Limited Resort) zoning. Priced for Immediate Sale: Competitively positioned to account for current financial standing, offering significant equity upside upon stabilization. Flexible H-1 Zoning: The most sought-after commercial designation in Clark County, allowing for professional office, high-density residential, or hospitality-related uses. Located within walking distance of the Sphere, UNLV, and the Las Vegas Strip, ensuring long-term land value and high tenant demand. A 2-story building with 11 parking spaces, perfectly suited for a creative office conversion, workforce housing, or a specialty retail hub. Building Size8,064 sq. ft. Lot Size0.43 AcresZoningH-1 (Limited Resort) Year Built1962Parking11 Surface SpacesAPN162-15-313-027Location & Connectivity Located just off Flamingo Rd and Paradise Rd, this property sits in the Mid-Strip/University corridor. It benefits from the multi-billion Dollar investments nearby, including the redevelopment of the Flamingo corridor and the expansion of the UNLV campus. This property is being sold "As-Is". We are seeking a streamlined transaction with a quick due diligence period. Financials and access for inspections are available upon request for qualified principals. **Distressed, Not managed or maintained by the anybody, Photos are Not the actual condition, Need to see the actual site!!
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
8,064 SF
Building Class
C
Year Built
1962
Price
$1,167,135 CAD
Price Per SF
$144.73 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,032 SF
Building FAR
0.43
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
H-1 - LIMITED RESORT H-1. TWAIN/PARADISE area. 8,064 SF BUILDING. Planned Use EM -ENTERTAINMENT MIXED-USE 18,731 SF lot with gated parking. 11-13 spaces.
Parking
11 Spaces (1.36 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Signage
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 162-15-313-027 | Improvements Assessment | $164,879 CAD |
| Land Assessment | $122,496 CAD | Total Assessment | $287,374 CAD |
Property Taxes
Parcel Number
162-15-313-027
Land Assessment
$122,496 CAD
Improvements Assessment
$164,879 CAD
Total Assessment
$287,374 CAD
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3761 Royal Crest St
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