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Priced at 985,000 dollars, this parcel of land at 227 W Saint Louis Ave presents a development prospect in the Las Vegas market. The site occupies a strategic position in proximity to the Las Vegas Strip, making it suitable for multifamily housing projects that cater to the dense workforce and transient population of the region. Las Vegas continues to experience consistent economic expansion, driven by its international tourism industry and a diversifying local economy that attracts residents seeking urban lifestyle options. As a land acquisition, the property offers a foundation for new construction in an established submarket. Developers can leverage the central access to major transportation corridors and the high visibility that defines this part of Nevada. This asset provides a blank canvas for multifamily residential units aimed at capitalizing on the high demand for housing near the city core.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.