Bank Owned Multi Housing Development          Site for Sale          3.83 Acres          4725 E. Russell Rd., Las Vegas, N...
Bank Owned Multi Housing Development  Site for Sale  3.83 Acres  4725 E. Russell Rd., Las Vegas, NV 89101                 ...
Bank Owned Multi Housing DevelopmentSite for Sale3.83 Acres4725 E. Russell Rd., Las Vegas, NV 89101                       ...
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Listing Flyer

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Listing Flyer

  1. 1. Bank Owned Multi Housing Development Site for Sale 3.83 Acres 4725 E. Russell Rd., Las Vegas, NV 89101 Just Listed / Land Group SITE L RD SEL RUS Snapshot Investment Highlights Acres 3.83 Gross Acres The site is a 166,835 SF piece of land at the Whitney Mesa summit. APN 161-29-803-007 Originally, the plan was to construct a 73 unit condominium Zoning Multiple-Family Residential - High project with 196 parking spaces. Density [25 Units per Acre] (R-4) Planned Landuse PF - Schools, Churches, Public Civil engineering plans have been completed depicting limits of Views Panoramic views of the Las Vegas slope removal and grading plan to grade the site with a drainage Valley detention basin. Cardno WRG completed as-built plans. The tech- Asking Price Contact Broker nical drainage study has been approved. The development pad & scarp (soil grade changes) are completely stabilized. The zoning was made permanent by Ordinance 3071 in March 2004. Exclusive Advisors: Curt Allsop Doug Schuster Vittal Ram Suzanne Sprenger Senior Advisor Senior Vice President Advisor Marketing Assistant 702.733.7500 x 279 702.733.7500 x 273 702.733.7500 x 290 702.733.7500 x 282 callsop@gelasvegas.com dschuster@gelasvegas.com vram@gelasvegas.com ssprenger@gelasvegas.com S.0078569 S.0049235 S.0054580 S.0077740 To learn more, please contact: Grubb & Ellis|Las Vegas | 3930 Howard Hughes Pkwy | Suite 180 | Las Vegas, NV 89183 | www.gelasvegas.comThe information contained herein was obtained from sources believed reliable; however, Grubb & Ellis Company makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation ofthis property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice.
  2. 2. Bank Owned Multi Housing Development Site for Sale 3.83 Acres 4725 E. Russell Rd., Las Vegas, NV 89101 Just Listed / Land Group EAST NELLIS BLVDAPARTMENTS HARMON AVE SIDECONDOSRETAIL CENTERS CANNERYPUBLIC SCHOOLSOFFICE BUILDINGSINDUSTRIAL/MIXED-USECASINOSMASTER PLANNED COMMUNITIES TROPICANA AVE BO UL DE R HW Y SITE 515 93 RUSSELL RD 95 LOCATION The parcel is located in the eastern submarket of the Valley just north of some of Henderson’s established master planned communities. MOUNTAIN VISTA ST AREA The site is located amid strong demographics of approximately 137,294 residents with a median household income of $74,084. There are numerous employment centers, schools, housing and retail centers within the surrounding area. WHITNEY IMMEDIATE The parcel overlooks Mesa Ridge & The Venue apartment complexes. STEPHANIE ST GREEN VALLEY PKWY RANCH ENVIRONS The location also affords Strip views to the West and views of the Valley & Sunrise Mountain to the East. SITE Irregularly shaped parcel with approximately 880 feet of driveway FEATURES leading up to the site. The site affords spectacular views. VA LLEY VERDE D ZONING Multiple-Family Residential - High Density [25 Units per Acre] (R-4) GREEN SUNSET RD ARROYO G R VALLEY GREEN LANDUSE PF - Schools, Churches, Public Facilities VALLEY UTILITIES RANCH R AN
  3. 3. Bank Owned Multi Housing DevelopmentSite for Sale3.83 Acres4725 E. Russell Rd., Las Vegas, NV 89101 Just Listed / Land Group Demographics 2010 Population Distance Household 1 mile 14,934 3 miles 137,294 5 miles 368,620 2010 Average Household Income Distance Household 1 mile $66,805 3 miles $74,084 5 miles $70,981 AAD Traffic Counts Street Name Traffic Count Russell Rd, 0.1 mile W of US-95 23,000 Source: State of Nevada Department of Transportation

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