Description

This neighborhood retail center is fully occupied and offers steady cash flow, stable tenants, and the potential for future redevelopment. The building was built in 1962 and sits just blocks from the historic downtown Las Vegas. Rental rates along the Fremont Street Corridor have been on the rise making this property a solid short term hold with the potential to be so much more.

Located within Mayor Oscar Goodman's redevelopment district, this property will qualify for many redevelopment incentives. That being said, a developer should face minimal resistance from the planning commission with regards to any future project. The immediate area has already seen a revitalization with a new townhouse community built directly across the street and with a Fresh & Easy grocery store erected around the corner.