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2625 E Desert Inn And 3340 Topaz-retirement Sale-$105/psf 2625 E Desert Inn, Las Vegas, NV 89121
Shopping Center / Retail
Mixed Use
Property Description
Fantastic Value-Add Investment Property. These 2 buildings represent a great opportunity to refurbish and rehab to make more income for you. Seller is retiring, and this legacy property although self-managed is still 65% occupied with a mix of Healthcare, and professionals in the office building, and with On Call Cash in the front building. This could be a phased redevelopment property with Income! $13,125.00 per month in income. Tons of parking, in a vibrant trade area. the property sees 35,000 Cars per Day, and redevelopment is happening all around the area. New Ultra Car Wash across the street is insanely busy. Demographic reports are available with confidential rent roll and lease plan too!
Area Description
The Central-East side submarket is the home of the University of Nevada Las Vegas (UNLV), Desert Springs Hospital, Sunrise Hospital, am three golf courses. The area has a substantial retirement population, and Desert Inn is a Major East-West arterial road, connecting the Las Vegas Strip to the West of the Property (2.7 miles), and the 95/93/515 Freeway to the east (1.75 miles) See Demographic reports from ESRI attached separately.
Highlights
Retail and Office c1 Zoning
$105/PSF As-Is
Move in ready-With Cash flow ($13,125.00 per month)
Stand Alone with NO ASSOCIATION
2 miles to the Strip and Convention Center
83% oCCUPIED!
Below Market rents
Full Address: 2625 E Desert Inn, Las Vegas, NV 89121
Listing Type: FOR SALE
Status: Sold
Occupancy Rate: 83
Building Class: B
Zoning: C1 Mixed Use
Region: W-WM
County: Clark County
Closest Cross Streets: Desert Inn and Topaz
Use Type: Investment-Value Add
Property ID: 738298
Has Water: Yes
Has Electric: Yes
Power: Yes
Has Broadband: Yes
Has Gas: Yes
Traffic Count: 35000 VPD
Building Sf: 16944
Parcel Num: 16213102001 16213102002
Number Units: 16
Number Buildings: 2
Year Built: 1982
Year Renovation: 1982
Free Standing: Yes
Number Parking Spaces: 80
Cap Rate: 6.61
Tenancy Type: Multi-Tenant
Retail and Office c1 Zoning $105/PSF As-Is 83% oCCUPIED! Below Market rents
Move in ready-With Cash flow ($13,125.00 per month)
Stand Alone with NO ASSOCIATION
2 miles to the Strip and Convention Center
1: Dr.s Group Occupied: SF Lease Expiration:
2: Sacramento Properties Occupied: SF Lease Expiration:
3: On Call Cash Occupied: SF Lease Expiration:
4: Southern Nevada Therapy Occupied: SF Lease Expiration: