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4640 E Lake Mead Blvd | 3.22 Acre corner lot 4640 E Lake Mead Blvd 1,800 SF Retail Building Las Vegas, NV 89115 $3,550,000 ($1,972.22/SF) 6.36% Cap Rate



Executive Summary
4640 E Lake Mead Blvd at 4640 E Lake Mead Blvd, Las Vegas, NV 89115 presents a rare opportunity to acquire a highly versatile commercial asset in one of Las Vegas’ fast-growing northeast corridors. Situated on approximately 3.22 acres (140,263 SF), this property offers strong in-place income today with exceptional upside for investors, developers, or owner-users. Currently occupied by seven month-to-month tenants generating $23,525 per month, the asset is offered at $3,550,000 with a 6.36% cap rate and $225,840 NOI. The site’s commercial zoning, flat topography, regular shape, and access to major utilities create an ideal foundation for future repositioning or redevelopment. With direct frontage on heavily traveled Lake Mead Boulevard, the property benefits from outstanding visibility, easy access, and close proximity to major highway connections, established neighborhoods, and expanding commercial growth. Ideal for automotive uses, auto sales, outdoor storage, self-storage, retail, or mixed-use concepts, this is a flexible, income-producing property with long-term development potential in a rapidly expanding Las Vegas submarket.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,800 SF
Building Class
C
Year Built
1955
Price
$3,550,000
Price Per SF
$1,972.22
Cap Rate
6.36%
NOI
$225,840
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
3.22 AC
Zoning
C1, County - Zoned commercial
Parking
280 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 140-20-202-009 | Improvements Assessment | $12,247 |
| Land Assessment | $490,921 | Total Assessment | $503,168 |
Property Taxes
Parcel Number
140-20-202-009
Land Assessment
$490,921
Improvements Assessment
$12,247
Total Assessment
$503,168
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4640 E Lake Mead Blvd | 3.22 Acre corner lot | 4640 E Lake Mead Blvd
