3.52 Acres Interchange Property

Commercial Pads For Sale or Lease

North Las Vegas (NW corner of 1-215 and Revere St.)

Property Location

Regal Tule Springs is a commercial development located in North Las Vegas, Nevada, at the northwest corner of the I-215 and Revere St. interchange.

This is a 16.06 acre commercial shopping center, anchored by a national grocer with a planned store size of 123,00 sq.ft. In addition, a grocery store affiliated fuel center will be located on site.

Property Details

Regal Tule Springs is strategically located in the middle of the Park Highlands Master Planned Community, which includes the Villages at Tule Springs, Park Highlands West, and Valley Vista. Its dominant visibility, prime freeway access, and the 8,600 planned residential units surrounding Regal Tule Springs, make it a prime location for 1 st Tier Retail Users.

In 2022, Regal Tule Springs, LLC sold 16.86 acres of the original 32.92 acre parcel to an affiliate of Calida Residential. Development of those 16.86 acres is underway for a 384-dwelling multi-family project. In May 2024 Regal Tule Springs, LLC sold 12.54 acres to a national grocer. Pursuant to the Property’s 2022 rezone to a Planned Community Development District, the remaining, available pad sites can be utilized for a wide range of retail and commercial purposes.

Geotech Report

The development boasts superb soil structures. It is an ideal spot for large and small construction projects. Adjacent properties have commenced their engineering and construction.

Environmental Assessment

GeoTek, Inc. prepared and issued an Environmental Assessment for the Property on February 16, 2022. It states in pertinent part, “This Phase I Environmental Site Assessment has not revealed evidence of a recognized environmental condition on or near the subject Site. No further environmental investigation is recommended.”

Entitlements

On February 18, 2022, the Property won the City’s approval to be rezoned to be a Planned Community Development District. Pursuant to Section 17.20.010 of the CNLV Code of Ordinances, as a Planned Community Development District Regal Tule Springs is allowed many Permitted Uses including, without limitation, the following: Retail Sales Establishment, Delicatessen and Catering Establishment, Restaurant, Fast Food Restaurant, Convenience Food Store with or without Gas Pumps, Garden Supply Store, Vehicle and Boat Sales Indoor and Outdoor, Bowling Alley, Recreation Center, Movie Theatre, Bank or Financial Institution, Medical, Dental or Health Clinic, Professional Office, Personal Service Establishment, Laundromat and Dry Cleaning Establishment, Wholesale Sales Establishment, Vehicle and Boat Repairs, etc. The developer also has entered into a development agreement for the property, with the City of North Las Vegas. In addition, Regal Tule Springs, LLC has recorded a commercial map for the shopping center property.