5320 Meikle Lane
Las Vegas, NV 89156
Map
- – beds
- – baths
- 3,488 sqft
- ~1 acre lot
- $372 per sqft
- 1960 build
- – on site
Prime Investment Opportunity – Lake Mead Blvd Frontage Don’t miss this rare and lucrative investment opportunity in a high-traffic, high-visibility location. Situated just off Lake Mead Boulevard, this nearly one-acre corner lot spans three frontages—Lake Mead Blvd, Betty Lane, and Meikle Lane—offering exceptional accessibility and development potential. The property currently generates rental income from a single-family residence and a duplex, providing immediate cash flow. A recently updated well system adds reliability and long-term value. The large vacant portion of the lot is ideally suited for future commercial development, with the potential for direct exposure on Lake Mead Blvd. Whether you're an investor seeking strong rental returns or a developer exploring commercial expansion, this property delivers both short-term income and long-term upside.
Last checked:
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Last updated May 3, 2025
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MLS# 2679635 —
The Building
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Year Built:1960
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Construction Description:Stucco, Wood-Frame
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Built Description:RESALE
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Building:Duplex, House Plus Unit(s)
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# of Buildings:2
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# of Units:2 - Duplex
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Units:3
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Roof:Composition Shingle, Flat
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Floors:1
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Approx Total Living Area:3,488 Sqft
Interior
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Furniture Included:No
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Flooring:Marmoleum, Tile
Financial & Terms
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Short Sale:No
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Foreclosure Commenced:No
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Repo Reo:No
Location
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Directions:From I-15 Exit at East Lake Mead Blvd. Follow East Lake Mead Blvd to Betty Lane, Turn Right. Property Fronts Lake Mead Blvd, Betty Lane and Meikle Lane.
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Township:20
The Property
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Property Type:Multiple Dwelling
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Property Condition:Good
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Land Use:330-Com-Gen Service
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Total SqFt:3,488 Sqft
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# of Acres:0.9900
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Parcel Number:140-21-303-001
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Lot SqFt:43,124 Sqft
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Lot Depth (ft):240
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Price Per Acre:1313131
Listing Agent
- Contact info:
- Agent phone:
- (808) 868-6006
- Office phone:
- (702) 799-9598
Taxes
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Annual Property Taxes:$2,655
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Other Encumbrance Desc:None
The Listing
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Section:21
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Listing Agreement Type:Active-Exclusive Right
Heating & Cooling
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Cooling:Central
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Heating:Central
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Heating Fuel:Electric
Utilities
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Utilities:900
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Utilities Included:Sewer, Water
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Separate Meter:Electric
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Maintenance:1500
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Sewer:Public
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Water:Private Well
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Water Heater:60+ Gallon Tank, Electric
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Trash:626
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Internet:1
Appliances
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Appliances:Range/Oven, Refrigerator, Washer & Dryer Hookup
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Range:62
The Community
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Subdivision Name:Sunrise Manor
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Amenities:Ceiling Fan, Enclosed Yard(S), Laundry Room
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Amenities:Rv Parking, Some Landscaping
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Association Fee:No
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Cap Rate:7.0800
Parking
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Parking:Covered, Paved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/1/25
May 1, 2025
|
Listed / Active | GLVAR | $1,300,000 |
