5785 West Russell Road, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This property presents a High-Potential Investment Opportunity with a List Price of $1,350,000—positioned well below the $1,384,056 Fair Market Value by 2%. This valuation gap offers $34,056 in Instant Equity. Featuring a Condition Rating of 5, the asset requires significant rehab but offers massive upside through its 36,590 sqft lot and Commercial Development Potential. With a 5-car detached garage and proximity to the Las Vegas Strip, this is an ideal acquisition for Commercial Developers or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5785 West Russell Road Subject | $1,250,000* List Price | 2 | 2 | 1,356 | $964 | - |
A 6265 West Russell Road Active | $1,550,000 List Price | 1 | 1 | 1,606 | $965 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975, this 49-year-old property requires significant rehab to be a standard residence. While the owner invested in a sewer conversion and some cosmetic updates like flooring and partial bathroom tiling, the home remains in a transitional, unfinished state with exposed shelving and rough-in areas. The listing's focus on commercial potential and land value further indicates the structure is not in move-in condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 36590, living area = 1356.
The property offers significant investment upside with future commercial zoning possibilities and $70,000 already invested in a public sewer conversion.
Ideally situated minutes from Allegiant Stadium and the Las Vegas Strip, providing high visibility and convenience for future business or rental use.
The $1.35M asking price is heavily weighted toward future commercial potential, making it a high-cost entry for a 1,356 sqft residential structure.
While the sewer is connected, the property currently relies on well water, which may require further upgrades to meet future commercial or high-density needs.
Unique opportunity with endless potential! This 2-bedroom, 2-bath home is currently zoned for residential use with future commercial possibilities. Owner spend over $70K to convert septic to public sewer. Drawing from licensed Engineer for open storage has been done and just waiting for neighborhood & county meeting. But it could be any other commercial use, just waiting for a plan. Water supply is on well. The property features a spacious 5-car detached garage complete with an office and 220 power hookup, offering the perfect setup for a home-based business, workshop, or additional workspace. Live on-site while exploring future rezoning and development opportunities for a low-impact commercial venture. Ideally located just minutes from Allegiant Stadium, T-Mobile Arena, and the Las Vegas Strip, this property offers convenience, flexibility, and investment potential in a prime location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,356 | - |
| Lot Size | 36,590 | - |
| Price | $1.25M | $474.8K |
| Price per sq ft | $922 | $257 |
| Built year | 1975 | 0 |
| HOA | $0 | $0 |
| Days on market | 30 | 526 |
Jul 17, 2026
$1,250,000
$1,350,000
-7% Price Drop
Initial Listing
Jun 22, 2026
$1,350,000
Initial Listing