1212 Wyoming St
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1212 Wyoming St
5,781 SF Retail Building Boulder City, NV 89005 $1,800,000 ($311/SF) 6.89% Cap Rate
Investment Highlights
- Boulder City Historic District
Executive Summary
PRICE REDUCTION - Nearly 7% cap rate.
We are pleased to present a rare opportunity to own a cash flowing investment property in Boulder City. Possibility for owner user as well. Although this is an historic building, the entire building has been retrofitted and renovated (approx. 2006) with sprinklers/fire alarm system, ceiling joists, HVAC, Plumbing, ADA COMLIANT, etc. Currently leased as percentage lease antique market with many long term vendors with one year long waitlist for more interested vendors indicating strong demand for space. Potential for additional space usage and increased income. Current owner manages tenants/vendors and employs a few individuals to do so, employees can continue to manage vendors, property, etc. if needed. Parking lot is city property and is public use and street parking is also available. Owner selling for retirement. Images of vacant building are PRIOR to current tenant and for reference/illustration of size of space ONLY. Layout has not changed since that time. Two bathrooms in building (one picture, other is the same size) Buyer/Buyer's agent to verify all measurements, claims, etc. Please do not disturb tenants as active business is in the building. Contact Aaron for more details.
We are pleased to present a rare opportunity to own a cash flowing investment property in Boulder City. Possibility for owner user as well. Although this is an historic building, the entire building has been retrofitted and renovated (approx. 2006) with sprinklers/fire alarm system, ceiling joists, HVAC, Plumbing, ADA COMLIANT, etc. Currently leased as percentage lease antique market with many long term vendors with one year long waitlist for more interested vendors indicating strong demand for space. Potential for additional space usage and increased income. Current owner manages tenants/vendors and employs a few individuals to do so, employees can continue to manage vendors, property, etc. if needed. Parking lot is city property and is public use and street parking is also available. Owner selling for retirement. Images of vacant building are PRIOR to current tenant and for reference/illustration of size of space ONLY. Layout has not changed since that time. Two bathrooms in building (one picture, other is the same size) Buyer/Buyer's agent to verify all measurements, claims, etc. Please do not disturb tenants as active business is in the building. Contact Aaron for more details.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,781 SF
Building Class
B
Year Built/Renovated
1932/2006
Price
$1,800,000
Price Per SF
$311
Cap Rate
6.89%
NOI
$124,020
Tenancy
Single
Building Height
1 Story
Building FAR
0.70
Lot Size
0.19 AC
Zoning
C2 General Commercial - See link for permitted and conditional uses:
https://library.municode.com/nv/boulder_city/codes/code_of_ordinances?nodeId=COOR_TIT11ZOSU_CH11C2GECOZO
Parking
2 Spaces (0.35 Spaces per 1,000 SF Leased)
Frontage
80 FT on Wyoming St
Amenities
- Courtyard
- Fenced Lot
- Skylights
- Air Conditioning
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $107,722 | |
| Land Assessment | $111,056 | Total Assessment | $218,778 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$111,056
Improvements Assessment
$107,722
Total Assessment
$218,778
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1212 Wyoming St
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