1519-1529 Industrial Rd
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1519-1529 Industrial Rd
15,000 SF 100% Leased Industrial Building Las Vegas, NV 89102 $5,192,000 ($346/SF)
Executive Summary
Many units are presently rented but each lease can be cancelled with 30 days notice. Owner does not need to sell but is willing to sell for the right price. This property is the gateway to the newest cool area in Vegas. Large residential of 300+ units of mixed residential and hotel os approved on the far side of this block. A distillery/bar is being built across the street. There are two large projects just to the North East that are under construction now. The cranes are in place work is being done now.
Area is in the special improvement district. Industrial used to be a dead end now it is extended to Charleston. You can be on the freeway in two minutes from this site. The sewer lines have been enlarged. If you don't buy this you will think wish you had in 5 years. Value can be added by putting a roof on 3000 square feet of this property where the structure is already built but the roof is missing.
Area is in the special improvement district. Industrial used to be a dead end now it is extended to Charleston. You can be on the freeway in two minutes from this site. The sewer lines have been enlarged. If you don't buy this you will think wish you had in 5 years. Value can be added by putting a roof on 3000 square feet of this property where the structure is already built but the roof is missing.
Property Facts
| Price | $5,192,000 | Rentable Building Area | 15,000 SF |
| Price Per SF | $346 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1964 |
| Sale Conditions | REO Sale | Parking Ratio | 1/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 17 FT |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 6 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.51 AC |
| Price | $5,192,000 |
| Price Per SF | $346 |
| Sale Type | Investment |
| Sale Conditions | REO Sale |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.51 AC |
| Rentable Building Area | 15,000 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 1/1,000 SF |
| Clear Ceiling Height | 17 FT |
| No. Drive In / Grade-Level Doors | 6 |
| Opportunity Zone |
Yes |
Amenities
- Fenced Lot
- Signage
Utilities
- Lighting - Fluorescent
- Gas
- Water - City
- Sewer - City
- Heating
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PROPERTY TAXES
| Parcel Number | 162-04-608-006 | Improvements Assessment | $125,337 |
| Land Assessment | $194,390 | Total Assessment | $319,727 |
PROPERTY TAXES
Parcel Number
162-04-608-006
Land Assessment
$194,390
Improvements Assessment
$125,337
Total Assessment
$319,727
zoning
| Zoning Code | M, Las Vegas (Although it is M1 the special improvemen district statu allows almost any use the city thinks will be a benefit to the area.) |
| M, Las Vegas (Although it is M1 the special improvemen district statu allows almost any use the city thinks will be a benefit to the area.) |
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1519-1529 Industrial Rd
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