3011 W Lake Mead Blvd
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3011 W Lake Mead Blvd
5,500 SF Vacant Retail Building North Las Vegas, NV 89032 $1,850,000 ($336/SF) 6.56% Cap Rate
Investment Highlights
- ±1,600 SF fully built-out restaurant suite available
- Restaurant with a full kitchen including grease interceptor and hood
- Close proximity to a large mixed-use redevelopment project which includes new housing with up to 655 units, a grocery store, a new hotel, outdoor recr
- Zoning: C-1. Pylon signage available
- Co-tenants including Domino's Pizza, a beauty salon, and a smoke shop
- Close to US-95 and I-15 Interchange
Executive Summary
MDL Group is pleased to offer for sale 3011 W. Lake Mead Blvd. (the Property). The Property is a ±5,500 SF retail shopping center located near the intersection of Lake Mead and Simmons. The property is anchored by Domino’s Pizza and also includes a commissary kitchen, smoke shop, and beauty salon. The retail center is also in close proximity to Wal-Mart and a large mixed-use redevelopment project on Rancho & Lake Mead Blvd.
3011 W. Lake Mead is located in the Central West retail submarket and only 2 miles north of the US-95. The new Martin Luther King interchange at US-95 makes this property minutes from Downtown Las Vegas. Additionally, the North Las Vegas Airport is nearby. The property is in close proximity to the former Fiesta Rancho and Texas Station Casino sites with plans for a large mixed-use redevelopment project. Plans for the project include new housing with up to 655 units, a grocery store, a new hotel, outdoor recreation, retail stores, a childcare center, and restaurants.
3011 W. Lake Mead is located in the Central West retail submarket and only 2 miles north of the US-95. The new Martin Luther King interchange at US-95 makes this property minutes from Downtown Las Vegas. Additionally, the North Las Vegas Airport is nearby. The property is in close proximity to the former Fiesta Rancho and Texas Station Casino sites with plans for a large mixed-use redevelopment project. Plans for the project include new housing with up to 655 units, a grocery store, a new hotel, outdoor recreation, retail stores, a childcare center, and restaurants.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
5,500 SF
Building Class
B
Year Built
2001
Price
$1,850,000
Price Per SF
$336
Cap Rate
6.56%
NOI
$121,290
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.94 AC
Opportunity Zone
Yes
Zoning
C-1 - Neighborhood Commercial District
PROPERTY TAXES
| Parcel Number | 139-20-210-003 | Improvements Assessment | $206,992 |
| Land Assessment | $107,483 | Total Assessment | $314,475 |
PROPERTY TAXES
Parcel Number
139-20-210-003
Land Assessment
$107,483
Improvements Assessment
$206,992
Total Assessment
$314,475
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3011 W Lake Mead Blvd
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