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720 S 7th St 28,366 SF 14% Leased Office Building Las Vegas, NV 89101 $7,999,999 ($282.03/SF) 3.53% Cap Rate



Investment Highlights
- Ideal Owner/User building within the historic Lawyer’s Row
- Close proximity to prominent courts and government facilities
Executive Summary
***PRICE REDUCTION*** We are pleased to offer an exceptional opportunity to purchase a ±28,366 SF two story building on an ±0.56 acre site. This opportunity is well-suited for an Owner / User on the second floor looking to create a professional image in a highly visible location in a highly popular area located within a historic district known as Lawyers Row in Downtown Las Vegas. The prime location is within close proximity to several prominent courts and government facilities such as the Federal Justice Center, Clark County Justice Center, Las Vegas Municipal Court, the new Federal Immigration Customs Enforcement Office (“ICE”) and the Nevada Supreme Court and is surrounded by numerous retail, entertainment and restaurant amenities. It is easily accessible to/from I-15 and the I-515 via W Charleston Boulevard, S Las Vegas Boulevard and accessibility improvements created by Project Neon. The subject is well serviced by a diverse mix of professional services offering a favorable demographic that provides for the potential of a multitude of uses to thrive in the area. The subject property consists of a ±28,366 SF building originally built in 1982 on a ±0.56 acre site. 3rd floor is leased, with ± 12,138 SF available for lease or an owner-user. 1st floor offer ± 1,182 SF available for lease. With the current vacancy, the building could qualify for an SBA loan for an owner-user, occupying approximately 53% of the building. Existing improvements offer standard office improvements which consist of a reception / waiting area, 45 private offices, a large conference room, break area andmultiple restrooms in addition to providing street, private and covered parking.
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- Miscellaneous
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
28,366 SF
Building Class
C
Year Built
1982
Price
$7,999,999
Price Per SF
$282.03
Cap Rate
3.53%
NOI
$282,000
Percent Leased
14%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,183 SF
Slab To Slab
9’
Building FAR
1.15
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
PR, Las Vegas - Professional Office and Parking
Parking
67 Spaces (2.36 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Existing improvements offer standard office improvements which consist of a reception / waiting area, 45 private offices, a large conference room, and multiple restrooms in addition to providing street, private and covered parking.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 12,138 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 12,138 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Floor
| Size | 12,138 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Existing improvements offer standard office improvements which consist of a reception / waiting area, 45 private offices, a large conference room, and multiple restrooms in addition to providing street, private and covered parking.
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 139-34-410-229 | Improvements Assessment | $857,112 |
| Land Assessment | $317,275 | Total Assessment | $1,174,387 |
Property Taxes
Parcel Number
139-34-410-229
Land Assessment
$317,275
Improvements Assessment
$857,112
Total Assessment
$1,174,387
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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720 S 7th St
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