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2458 E Russell Rd 5,080 SF 100% Leased Office Building Las Vegas, NV 89120 $2,250,000 ($442.91/SF)
Investment Highlights
- Two Existing Dental Office Suites
- 0.92-Acre Russell Road Site
- Additional Land for Potential Future Development; 35 On-Site Parking Spaces
- Approximately 5,080 SF Building
- Existing Cell Tower Income
- High Visibility Russell Road Location; Near Eastern Avenue/Central Las Vegas
Executive Summary
100% occupied medical/dental investment property located along E Russell Road near Eastern Avenue. The property consists of two established dental suites with existing leases, plus a long-term cell tower lease providing an additional income stream. Current dental rents are below prevailing asking rents for comparable medical/dental space, offering potential future rental upside as leases renew. The approximately 0.92-acre site also provides potential for additional development, subject to applicable zoning and approvals. Centrally located with convenient access to Harry Reid International Airport, the Las Vegas Strip, I-215 and surrounding medical, residential and commercial areas.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
5,080 SF
Building Class
B
Year Built
1994
Price
$2,250,000
Price Per SF
$442.91
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,080 SF
Building FAR
0.13
Lot Size
0.92 AC
Zoning
Commercial Professional - Commercial Professional (CP) - Unincorporated Clark County; Planned Land Use: Neighborhood Commercial (NC)
Parking
35 Spaces (6.89 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 162-25-410-009 | Improvements Assessment | $238,802 |
| Land Assessment | $122,730 | Total Assessment | $361,532 |
Property Taxes
Parcel Number
162-25-410-009
Land Assessment
$122,730
Improvements Assessment
$238,802
Total Assessment
$361,532
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