PRICING ADJUSTMENT-VALUE ADD RETAIL CENTER
5,600 SF | 100% Leased | Retail Building | Las Vegas, NV 89101 | $1,099,000 ($196/SF) | 9.10% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,099,000
- Property Type
-
Retail
- Square Feet
- 5,600 SF
- Price / Square Foot
- $196
Listing Contacts
Paul Macaluso
Verified Profile
- Property Info
Property Overview
Looking for a prime “Value Add” retail investment? Check out 1200 Stewart Ave in downtown Las Vegas. This single-story retail center, just 1 mile from Fremont Street, offers 5,600 sqft of space, accommodating up to 7 tenant spaces, each pre-plumbed for a restrooms.
Major city investments are enhancing Stewart Ave with new landscaping, street lighting, wider sidewalks, and improved traffic flow. Located near the new Share Downtown apartments and Bent Inn Boutique Motel, this property sits in both a City Redevelopment Zone and a certified Opportunity Zone, providing significant tax advantages and fast-track permitting.
For more details and to schedule a visit, contact Paul Macaluso with Simply Vegas Commercial. Visit http://www.1200Stewart.com.
Major city investments are enhancing Stewart Ave with new landscaping, street lighting, wider sidewalks, and improved traffic flow. Located near the new Share Downtown apartments and Bent Inn Boutique Motel, this property sits in both a City Redevelopment Zone and a certified Opportunity Zone, providing significant tax advantages and fast-track permitting.
For more details and to schedule a visit, contact Paul Macaluso with Simply Vegas Commercial. Visit http://www.1200Stewart.com.
Property Details
- Class
- C
- Year Built
- 1957
- Stories
- 1
- Property Subtype
- Storefront, Freestanding
- Lot Size (sq. ft)
- 6,534 SF
Highlights
- Location: Just 1 mile from Fremont Street, at the intersection of Maryland and Stewart Ave.
- Space: 5,600 sqft accommodating up to 7 tenant spaces, each pre-plumbed for a bathroom.
- City Investments: Revamped Stewart Ave with new landscaping, updated street lighting, wider sidewalks, and improved traffic flow.
- City Investments: Revamped Stewart Ave with new landscaping, updated street lighting, wider sidewalks, and improved traffic flow.
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