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Downtown Redevelopment Opportunity 919 E Bonneville Ave 5,305 SF 100% Leased Office Building Las Vegas, NV 89101 $1,250,000 ($235.63/SF)
INVESTMENT HIGHLIGHTS
- Existing Improvements: Modern free-standing office building + former church structure with unique architectural features
- Lot Size: 0.45 acres (approx. 19,602 sq ft)
- Prime for Redevelopment: in a revitalizing downtown corridor with upside potential through density increases, adaptive reuse, or ground-up development
- Current Zoning: Professional Office (P-R) – City of Las Vegas
- Location Advantages: Prominent corner position at Bonneville Ave & 10th St; walking distance to major courthouses & the Fremont East District
- Compelling Entry Price: At ~$63 PSF land basis, this represents one of the lowest PSF acquisition costs for developable land in downtown Las Vegas
EXECUTIVE SUMMARY
This 0.45-acre property, currently zoned Professional Office (P-R), presents a strong redevelopment opportunity in a prime downtown location, situated on the northwest corner of Bonneville Avenue and 10th Street. It is just blocks from the Regional Justice Center and Clark County courthouses, and in close proximity to the vibrant Fremont East Entertainment District.
The site is comprised of two structures:
- A modern-designed, free-standing office building with contemporary interiors, ideal for immediate occupancy or leasing.
- A former church structure featuring a partially underground first level and a dramatic second level with beautiful high ceilings, exposed beams, and wood flooring—ready for someone's creative touch in adaptive reuse or redevelopment.
Priced at $1.25 million -approximately $63 per square foot for the land -this asset delivers excellent land value in a high-demand area. Ideal for redevelopment into professional offices, multi-family, or other compatible projects (subject to city approvals and potential rezoning). The buyer can lease the existing functional office building to generate holding income while planning and redeveloping the church building.
Contact Mega Broker LLC for additional details or to submit an offer. Don't miss this value-add opportunity in Las Vegas's revitalizing downtown core.
Property is being sold in its present “as-is, where-is” condition. No representations or warranties are made by Seller. Buyers to rely solely on their own due diligence.
The site is comprised of two structures:
- A modern-designed, free-standing office building with contemporary interiors, ideal for immediate occupancy or leasing.
- A former church structure featuring a partially underground first level and a dramatic second level with beautiful high ceilings, exposed beams, and wood flooring—ready for someone's creative touch in adaptive reuse or redevelopment.
Priced at $1.25 million -approximately $63 per square foot for the land -this asset delivers excellent land value in a high-demand area. Ideal for redevelopment into professional offices, multi-family, or other compatible projects (subject to city approvals and potential rezoning). The buyer can lease the existing functional office building to generate holding income while planning and redeveloping the church building.
Contact Mega Broker LLC for additional details or to submit an offer. Don't miss this value-add opportunity in Las Vegas's revitalizing downtown core.
Property is being sold in its present “as-is, where-is” condition. No representations or warranties are made by Seller. Buyers to rely solely on their own due diligence.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
5,305 SF
Building Class
C
Year Built
1949
Price
$1,250,000
Price Per SF
$235.63
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,305 SF
Building FAR
0.27
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
PR, Las Vegas - Las Vegas Jurisdiction - Professional Offices and Parking
Parking
15 Spaces (2.83 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Services
- -
- -
- -
The Nature Conservancy is a global environmental nonprofit organization founded in 1951 in Washington, D.C. It is headquartered in Arlington, Virginia, and operates in all 50 U.S. states and more than 70 countries. The organization focuses on conserving lands and waters through science-based strategies and collaborative partnerships. Over its history, The Nature Conservancy has protected millions of acres of land and thousands of miles of rivers worldwide. It also engages in marine conservation and climate resilience initiatives. The organization is structured as a 501(c)(3) nonprofit and is privately held.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Services | - | - | - |
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 139-34-810-093 | Improvements Assessment | $68,840 |
| Land Assessment | $253,846 | Total Assessment | $322,686 |
PROPERTY TAXES
Parcel Number
139-34-810-093
Land Assessment
$253,846
Improvements Assessment
$68,840
Total Assessment
$322,686
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Downtown Redevelopment Opportunity | 919 E Bonneville Ave
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