Your email has been sent.
1606 7th St 4,200 SF 68% Leased Retail Building Las Vegas, NM 87701 $700,000 ($166.67/SF) 6.80% Cap Rate
Executive Summary
This property benefits from excellent visibility and consistent drive-by traffic, supported by its proximity to major national retailers and quick-service restaurants such as Walgreens, Starbucks, McDonald’s, Wendy’s, Pizza Hut, and Taco Bell, all located within the same vibrant trade area. Customers enjoy the convenience of both ample on-site parking and additional street parking, enhancing accessibility for patrons.
Investors will appreciate the stability offered by tenant occupancy combined with flexible options for future re-tenanting or owner-use. Located near major roadways and thoroughfares, the site delivers strong connectivity within the Las Vegas region and beyond. This is an outstanding opportunity for buyers seeking a retail asset with established foot traffic and long-term positioning in a well-developed corridor.
Property Facts
Amenities
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former hair salon space with existing plumbing and electrical infrastructure in place, making it well-suited for a quick salon setup or conversion to alternative uses. The property offers excellent visibility and access along a high-traffic main road, ensuring consistent customer exposure. Ample on-site parking accommodates both customers and staff. The location enjoys strong co-tenancy and significant foot and vehicular traffic, positioned on the same block as national retailers and quick-service restaurants including Walgreens, Starbucks, Wendy’s, McDonald’s, Taco Bell, and Pizza Hut. This vibrant trade area creates steady consumer activity and offers significant cross-shopping potential.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,350 SF | Retail | - | Now |
1st Floor
| Size |
| 1,350 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,350 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Former hair salon space with existing plumbing and electrical infrastructure in place, making it well-suited for a quick salon setup or conversion to alternative uses. The property offers excellent visibility and access along a high-traffic main road, ensuring consistent customer exposure. Ample on-site parking accommodates both customers and staff. The location enjoys strong co-tenancy and significant foot and vehicular traffic, positioned on the same block as national retailers and quick-service restaurants including Walgreens, Starbucks, Wendy’s, McDonald’s, Taco Bell, and Pizza Hut. This vibrant trade area creates steady consumer activity and offers significant cross-shopping potential.
Nearby Major Retailers
Property Taxes
| Parcel Number | 70980 | Improvements Assessment | $101,436 |
| Land Assessment | $19,972 | Total Assessment | $121,408 |
Property Taxes
Contact the Sale Advisor
1606 7th St