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545-553 E Sahara Ave
Las Vegas, NV 89104
East Sahara Plaza · Retail Property For Sale
Investment Highlights
- LAS VEGAS RETAIL: Strategically located just off Las Vegas Boulevard on East Sahara Avenue
- BELOW MARKET RENTS: Existing rents average $18.12 PSF annually ($1.51/month)
- HIGHLY DESIRABLE FLEXIBLE ZONING (CR): Beyond near-term cash flow, the asset offers long-term redevelopment optionality
- IMMEDIATE VALUE ADD POTENTIAL: The property is currently 36.89% occupied across ±32,029 SF
- FAVORABLE SUBMARKET DYNAMIC: The East Sahara submarket demonstrates strong underlying fundamentals
- HIGH-VISIBILITY + EXCELLENT TRAFFIC EXPOSURE: The site features extensive frontage along East Sahara Avenue
Executive Summary
Name
David Harrington
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # B.1003120.CORP, B.1003120.CORP (NV)
Address
400 S. 4th St., Suite 500, Las Vegas, NV 89101
Phone
(866) 889-0550
David Harrington
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # B.1003120.CORP, B.1003120.CORP (NV)
Address
400 S. 4th St., Suite 500, Las Vegas, NV 89101
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
26,000 SF
Building Class
C
Year Built
1962
Price
$6,800,000
Price Per SF
$261.54
Cap Rate
1.73%
NOI
$117,377
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.82
Lot Size
0.73 AC
Zoning
H-1, County
Parking
140 Spaces (3.5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 162-10-111-016 | Improvements Assessment | $230,502 |
| Land Assessment | $214,246 | Total Assessment | $444,748 |
Property Taxes
Parcel Number
162-10-111-016
Land Assessment
$214,246
Improvements Assessment
$230,502
Total Assessment
$444,748
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