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Published on: Wednesday, August 27, 2025

Updated on: Wednesday, August 27, 2025

About the Lister

Name: Anders Graciano

Company: NAI Excel

Office Phone: 7024432881

Cell Phone: 7024432881

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Downtown Las Vegas Multifamily Development Site

400-404 S Maryland Pkwy Las Vegas Nevada , 89101

NAI Excel
Listing ID: CL-Nevada-26160 Multifamily/Land

Purchase Option

Asking Price: $1,450,000.00

Acquisition Option: Traditional Purchase

Cap Rate (%): Contact Lister

Net Operating Income: Contact Lister

Quick Glance

Listing ID: CL-Nevada-26160

Status: Accepting Offers

Financing: Third Party Financing

Occupancy: N/A

Year Build: N/A

Building Size: N/A SqFt

Lot Size: 0.55 Acre

No of Stories: N/A

No of Parking: N/A

Offer to Millionaire Club: No

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

Attached Documents

Download | Offering Memorandum 400-404 S Maryland Pkwy.pdf ( 5,299.84KB)

Listing Summary

This ±0.55-acre site offers a prime opportunity for multifamily development in the heart of downtown Las Vegas.

Complete Details

Year Build: N/A

Building Size: N/A

No of Stories: N/A

Total Lot Area: 0.55 Acre

No of Parking: N/A

No of Total Units: N/A

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description

This ±0.55-acre site in downtown Las Vegas is an excellent opportunity for multifamily development. Zoned R-4 and P-R, it allows for high-density residential and professional office use. The property, which includes three parcels and a vacant ±2,800 SF office building, is perfectly suited for redevelopment. It's located in a Qualified Opportunity Zone, offering potential tax incentives for investors. With strong rental demand and easy access to employment centers, transit, and amenities, this is an ideal location for a new multifamily project.

Additional Links

Other: https://helloarti.com/view/83882
Social: https://www.instagram.com/andersgraciano/?hl=en
Social: https://www.linkedin.com/in/andersgraciano

Contacts

Senior Vice President : Steven Paravia - sparavia@naiexcel.com, Phone: (702) 600-0789 ,

Listing Location

Lister's other Properties

Title: 22-unit Apartment Complex - Seller Financing Available!

Address: 2592 Sherwood St. , Las Vegas Nevada 89109

Listing ID: CL-Nevada-10461

Listing Type: Commercial

Category: Multifamily - Garden Apartments

Status: Sold

Created On: 5/7/2024

Modified On: 8/27/2025

2592 Sherwood St. , Las Vegas Nevada 89109

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