Creative Office - Owner/User 3847 S Eastern Ave 4,231 SF 2% Leased Office Building Las Vegas, NV 89169 $795,000 ($187.90/SF) 7% Cap Rate

The property was originally zoned R-1 and was later successfully rezoned to C-P by the prior owner, allowing for a wide range of commercial and residential uses. Permitted uses include senior adult living, sober living (up to 27 beds), hostel accommodations, nursing care facilities, and other approved specialty residential uses.
The current owner is operating the property as a sober living facility, with all office spaces converted and utilized as bedrooms.
The building is a two-story structure featuring seven office/bedroom spaces—four on the ground level, of which 2 of them are very large. You can put 4 to 8 beds in each bedroom. and three on the upper level—along with two bathrooms, one on each floor. The property includes a full-size kitchen and breakroom, as well as a double-sided wood-burning fireplace that serves multiple common areas. There is regular bedrooms upstairs and four on the ground level.
The exterior offers a private, expansive backyard designed for relaxation and group use, complete with a heated swimming pool and jacuzzi featuring a rock waterfall. A separate sitting and recreation area provides a beach-style atmosphere with sand and a firepit, complemented by a covered patio ideal for comfort during hot summer months.