Rainbow Center 1801 S Rainbow Blvd 13,315 SF Retail Building Las Vegas, NV 89146 $1,980,000 ($148.70/SF) 6% Cap Rate

eXp Commercial is presenting an exceptional investment opportunity on the hard corner of S Rainbow Blvd & W Oakey Blvd, just steps from a signalized intersection with 54,000 vehicles per day along Rainbow Blvd. This ±13,315 SF two-story mixed-use building sits on ±0.87 acres of land and offers strong in-place income with significant upside potential.
Built in 2001 and well-maintained with major upgrades completed in 2024, including LED lighting throughout (interior, exterior, and parking lot).
Ground floor retail is 100% leased to long-term tenants, providing stable cash flow.
Second floor office is elevator-served, with two units currently leased and the remaining space vacant and ready for lease-up, offering an opportunity to increase NOI and enhance returns.
Features include a wraparound balcony on the second floor, ample parking, and a marquee signage opportunity for visibility.
The property is fully equipped with a security system covering the entire building.
Zoned C-1 (Limited Commercial) under unincorporated Clark County—allowing for a range of retail, office, and service uses.
Attractive Financing Option – Assumable Loan
Approximately $1,000,000 remaining loan balance
4.25% fixed interest rate
Loan maturity date: 9/1/2031
Monthly debt service: $6,040 (Principal + Interest)
DSCR: 1.25
Potential buyers may assume the existing loan, offering favorable terms compared to today’s lending environment and enhancing cash-on-cash returns.
Whether you’re an investor seeking stable cash flow with value-add upside, or an owner-user, or a 1031 exchange buyer looking for a strong location with favorable financing, 1801 S Rainbow Blvd is a compelling asset in the heart of Las Vegas.
Office owner-users can occupy the available second-floor office suites while enjoying steady income from the fully leased ground-floor retail, making this a hybrid investment and occupancy play.
Contact Listing Broker for Financials, Rent Roll, or to Schedule a Private Tour.