PRICING ADJUSTMENT-VALUE ADD RETAIL CENTER | 1200-1210 Stewart Ave
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PRICING ADJUSTMENT-VALUE ADD RETAIL CENTER 1200-1210 Stewart Ave
5,600 SF 100% Leased Retail Building Las Vegas, NV 89101 $995,000 ($178/SF) 10.05% Cap Rate
Investment Highlights
- Location: Just 1 mile from Fremont Street, at the intersection of Maryland and Stewart Ave.
- City Investments: Revamped Stewart Ave with new landscaping, updated street lighting, wider sidewalks, and improved traffic flow.
- 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.
Executive Summary
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 Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
5,600 SF
Building Class
C
Year Built
1957
Price
$995,000
Price Per SF
$178
Cap Rate
10.05%
NOI
$100,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.86
Land Acres
0.15 AC
Opportunity Zone
Yes
Zoning
T4 Main Street
Parking
4 Spaces (0.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (82)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 139-35-211-075 | Improvements Assessment | $63,090 |
| Land Assessment | $25,156 | Total Assessment | $88,246 |
PROPERTY TAXES
Parcel Number
139-35-211-075
Land Assessment
$25,156
Improvements Assessment
$63,090
Total Assessment
$88,246
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Paul Macaluso -
Simply Vegas
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PRICING ADJUSTMENT-VALUE ADD RETAIL CENTER | 1200-1210 Stewart Ave
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