51 Madge Lane, Las Vegas, NV 89110, Las Vegas, 89110 - 3 bed, 2 bath
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Las Vegas, NV 89110
Analysis of 51 Madge Lane, Las Vegas, NV 89110 is currently available with a list price of $1,350,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1973 (over 50 years old) with no evidence of recent renovations. The listing is explicitly marketed as a development opportunity for its 2.28-acre land value, indicating the existing structure is likely a tear-down for a new commercial or residential project.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30056, living area = 1961.
The 2.28-acre assemblage of five contiguous parcels offers a rare and substantial footprint for large-scale residential or commercial projects in a developed area.
With three parcels fronting Charleston Boulevard, the property provides exceptional exposure and accessibility, making it an ideal candidate for commercial redevelopment.
Realizing the property's highest and best use requires navigating zoning changes and municipal approvals, which introduces timing and execution risk for the buyer.
The local middle and high schools are rated low (2/10), which may limit the appeal for developers aiming to build premium family-oriented residential housing.
Exceptional Development Opportunity – Approximately 2.28 Acres Unlock the potential of this rare 2.28-acre assemblage, consisting of five parcels to be sold together. With three of the parcels fronting Charleston Boulevard, this property offers outstanding visibility and accessibility. This site presents an excellent opportunity for commercial development (subject to zoning and approvals) or a residential builder/developer looking for a prime location for a new project. Whether you're planning a commercial venture or a large-scale residential development, this property offers the size, location, and flexibility to bring your vision to life. Approximately 2.28 acres Five contiguous parcels sold as one package Three parcels with Charleston Boulevard frontage Excellent visibility and access Strong development potential Ideal for commercial or residential development (buyer to verify zoning, land use, and permitted uses)
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,961 | - |
| Lot Size | 30,056 | - |
| Price | $1.35M | $474.8K |
| Price per sq ft | $688 | $257 |
| Built year | 1973 | 0 |
| HOA | $0 | $0 |
| Days on market | 2 | 526 |
Jul 20, 2026
$1,350,000
Initial Listing