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2991 W Lake Mead Blvd 6,600 SF 48% Leased Retail Building North Las Vegas, NV 89032 $1,400,000 ($212.12/SF)
Investment Highlights
- • ±6,600 SF multi-tenant retail building on ±0.96 acres
- • Drive-thru capability offers flexibility for future tenants/users isting laundromat tenant provides stable in-place cash flow
- • Monument/pylon signage enhances tenant and business exposure
- • 52% vacant (±3,440 SF) suite ideal for owner-user occupancy with SBA possibility
- • High-visibility on W. Lake Mead Boulevard - ±17,295 vehicles per day
- • Less than one mile from the planned HYLO Park mixed-use redevelopment, expected to drive significant growth and area revitalization by 2027.
Executive Summary
Excellent owner-user investment opportunity with income in place. The property features a ±3,440 SF vacant suite representing approximately 52% of the building, allowing a purchaser to potentially qualify for SBA financing while occupying a majority of the asset. The remaining leased space provides immediate cash flow to help offset ownership costs and improve overall investment returns. This unique combination of occupancy flexibility and in-place income creates an attractive alternative to leasing, offering both operational control and long-term wealth creation.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
6,600 SF
Building Class
B
Year Built
2002
Price
$1,400,000
Price Per SF
$212.12
Percent Leased
48%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.96 AC
Opportunity Zone
Yes
Zoning
C-1 - Neighborhood Commercial (C-1)
Parking
47 Spaces (7.46 Spaces per 1,000 SF Leased)
Frontage
272’ on W Lake Mead Blvd.
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Lake Mead Laundromat
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Lake Mead Laundromat | Services | 99,999 SF | - | Lorem Ipsum | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 139-20-210-004 | Improvements Assessment | $168,368 |
| Land Assessment | $120,750 | Total Assessment | $289,118 |
Property Taxes
Parcel Number
139-20-210-004
Land Assessment
$120,750
Improvements Assessment
$168,368
Total Assessment
$289,118
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