6265 West Russell Road, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
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Las Vegas, NV 89118
This property presents a High-Potential Investment Opportunity with a List Price of $1,550,000, positioned slightly above the $1,528,861 Fair Market Value. While the current improvements are limited, the 0.94-acre lot with Single Family Residential Zoning and professional grading provides a rare, shovel-ready canvas in a high-growth corridor. With a Condition Rating of 5, the asset requires significant development to maximize its utility. This is a strategic land-value acquisition ideal for Buy-and-Hold Investors or Commercial Developers looking to capitalize on the Southwest Las Vegas expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6265 West Russell Road Subject | $1,550,000* List Price | 1 | 1 | 1,606 | $952 | - |
A 5785 West Russell Road Active | $1,350,000 List Price | 2 | 2 | 1,356 | $996 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1989 (35 years old) and sold in 'As-Is' condition. While the kitchen features newer stainless steel appliances, the interior shows unfinished drywall and a makeshift living arrangement. The property functions more as a paved lot with a utility casita/office; the structure requires significant rehab to meet modern residential standards, with the primary value residing in the 0.94-acre land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40946, living area = 1606.
Situated in a high-growth corridor near the Las Vegas Strip, Allegiant Stadium, and major new developments like Durango Station, offering exceptional convenience and appreciation potential.
The nearly 1-acre lot is professionally graded and paved with all utilities underground, providing a rare, ready-to-develop canvas with a neighborhood-friendly overlay.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1606, other record living area = 803.
With only one bedroom and one bathroom, the current improvements offer limited living capacity relative to the $1.55M price point, positioning this primarily as a land-value acquisition.
The property is sold strictly in as-is condition, requiring the buyer to assume all responsibility for repairs, upgrades, and comprehensive due diligence.
RARE OPPORTUNITY!! Fantastic Fast- Growing Southwest Location close to Las Vegas Strip, Major New Developments like Durango Station, Allegiant Stadium, UnCommons with easy access to I-215 convenience to Restaurants & Shopping. .94 Acre lot with Casita/2Car Garage with Office. Property professionally Graded & Paved! Privacy & Security Fencing. Security Cameras 1 Bedroom/3/4 Bath/Living Room/Fireplace/Kitchen/Laundry Area. All Utilities Underground, Paved Road to Property. Single family Residential Zoning with neighborhood friendly overlay. Property sold As-Is condition. Buyers/Buyers Agent to verify all information
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,606 | - |
| Lot Size | 40,946 | - |
| Price | $1.55M | $474.8K |
| Price per sq ft | $965 | $257 |
| Built year | 1989 | 0 |
| HOA | $0 | $0 |
| Days on market | 40 | 526 |
Jun 12, 2026
$1,550,000
Initial Listing
Feb 28, 1994
$155,000
Public Record
Dec 1, 1993
$139,500
Public Record