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4935 E Charleston Blvd

1,323 SF Retail Building Las Vegas, NV 89104 $704,000 ($532/SF) 6.50% Cap Rate

Investment Highlights

  • Owner-User w/ Income Opportunity: 2/5 office spaces are leased up providing Owner-Users the opportunity to occupy all or portion of remaining spaces.
  • Excellent Visibility: The Property boasts ±100 ft of frontage along E. Charleston Blvd. with strong daily vehicle traffic counts (±36,500 CPD).
  • Income Tax Free State: Nevada has no state income tax.
  • Value-Add Opportunity: 3/5 offices are vacant, presenting significant upside through potential lease up.
  • Dense Surrounding Population: The Property is located within a densely populated area with ±277,849 residents within a 3-mile radius.

Executive Summary

The Investment Services Group of LOGIC Commercial Real Estate has been exclusively retained to offer Investors and/or Owner-Users the opportunity to acquire 4935 E. Charleston Blvd., a freestanding automotive sales building. The Property is comprised of a ±1,300 SF building situated on ±0.19 AC. The Property has a small, secured yard for additional vehicle parking and ±100 ft of frontage on E. Charleston Blvd.
The Property currently has two tenants who lease two of five offices on short term leases. This provides an Owner-User the opportunity to occupy all or a portion of the remaining space or upside to an Investor by leasing the remaining office spaces. Located in a dense residential/retail area and just ±1.4 miles from the Interstate 11 Highway, the Property boasts a three-mile population of ±227,849.
Link to OM: https://logiccre.com/1031_properties/4935-e-charleston-blvd/

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,323 SF
Building Class
C
Year Built
1997
Price
$704,000
Price Per SF
$532
Cap Rate
6.50%
NOI
$45,760
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.19 AC
Zoning
CG (Commercial General)
Parking
9 Spaces (6.8 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,323 SF
  • Retail
  • -
  • Now

Exciting Leasing Opportunity in a High-Traffic Commercial District in Las Vegas! This prime commercial property is located in a high-visibility location with over 36,000 vehicles passing by daily, making it an ideal space for a variety of business uses. This building offers 100 feet of frontage along E. Charleston Blvd, ensuring strong daily exposure to both pedestrian and vehicular traffic. Previously home to a car lot, DMV service, and insurance office, this property is designed to accommodate high-volume operations with built-in foot traffic. The space features five offices, including one that can serve as a break room for employees, as well as two restrooms for convenience and 20 parking spaces that can be converted into 25 spaces. One of the key highlights of this property is the drive-through window that offers flexibility for businesses that require customer transactions without the need for patrons to leave their vehicles. This feature is ideal for service-based industries such as tax preparation, immigration services, and other customer-centric businesses. Additionally, the two main offices and the lobby area overlook the parking lot, providing clear visibility of customer activity both on foot and by vehicle. This property is available for lease at $4,000 per month and is ready to support your business's growth in one of the most sought-after commercial districts in Las Vegas. Contact the owner Selina (702-400-0970) today, to schedule a viewing or to learn more about this exceptional leasing opportunity!

Space Size Space Use Position Available
1st Floor 1,323 SF Retail - Now

1st Floor

Size
1,323 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 1,323 SF
Space Use Retail
Position -
Available Now

Exciting Leasing Opportunity in a High-Traffic Commercial District in Las Vegas! This prime commercial property is located in a high-visibility location with over 36,000 vehicles passing by daily, making it an ideal space for a variety of business uses. This building offers 100 feet of frontage along E. Charleston Blvd, ensuring strong daily exposure to both pedestrian and vehicular traffic. Previously home to a car lot, DMV service, and insurance office, this property is designed to accommodate high-volume operations with built-in foot traffic. The space features five offices, including one that can serve as a break room for employees, as well as two restrooms for convenience and 20 parking spaces that can be converted into 25 spaces. One of the key highlights of this property is the drive-through window that offers flexibility for businesses that require customer transactions without the need for patrons to leave their vehicles. This feature is ideal for service-based industries such as tax preparation, immigration services, and other customer-centric businesses. Additionally, the two main offices and the lobby area overlook the parking lot, providing clear visibility of customer activity both on foot and by vehicle. This property is available for lease at $4,000 per month and is ready to support your business's growth in one of the most sought-after commercial districts in Las Vegas. Contact the owner Selina (702-400-0970) today, to schedule a viewing or to learn more about this exceptional leasing opportunity!

Nearby Major Retailers

Teriyaki Madness
Olive Garden Italian Rstrnt
The Habit Burger Grill
Denny's
IHOP
Green Valley Grocery
Dotty's
Smith's
U.S. Bank
Walmart Neighborhood Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
161-05-510-019
Land Assessment
$25,345
Improvements Assessment
$29,413
Total Assessment
$54,759
  • Listing ID: 33795470

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 4935 E Charleston Blvd, Las Vegas, NV 89104

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