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Office Owner-User or Downtown Redevelopment 919 E Bonneville Ave 5,305 SF 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
- Prime Owner-User Opportunity: occupy both structures as a cohesive downtown campus or occupy one while redeveloping/leasing the other
- Prime for Redevelopment: in a revitalizing downtown corridor with upside potential through density increases, adaptive reuse, or ground-up development
- Dual-Structure Flexibility Two distinct buildings on one lot – perfect for owner-user campus setup, separate occupancy, or phased redevelopment.
- 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 or ~$235 PSF on the existing improvements make this a workable downtown sub-market option
EXECUTIVE SUMMARY
This 0.45-acre property, currently zoned Professional Office (P-R), presents a strong office owner-user or 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 popular 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.
The property also presents a highly attractive owner-user opportunity for law firms, tech companies, professional service groups, or similar businesses seeking a prominent location in downtown Las Vegas. Owner-users can occupy both structures as a cohesive campus-style setup for expanded operations, team collaboration, or branded headquarters, or occupy one building while simultaneously redeveloping, repurposing, or leasing the other—providing built-in cash flow, operational continuity, and maximum flexibility during occupancy, expansion, or transition periods. The approximate price per square foot on the improved property is below downtown Las Vegas market comparables for similar office properties, reflecting the subject's current as-is condition.
Additionally, the property offers potential eligibility for SBA 7(a) or 504 financing with at least 51% owner occupancy for buyers looking to occupy one or both structures with the opportunity to generate additional income by leasing out the remaining portion to help offset carrying costs or potentially cover the loan payments entirely. SBA programs may also support renovation or tenant improvement (TI) funding for upgrades or adaptive reuse. SBA loan programs allow for down payments as low as 10%. Terms and conditions apply.
Contact Mega Broker LLC today for additional information or to submit an offer. Property is being sold in "As-Is, Where-Is" condition.
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.
The property also presents a highly attractive owner-user opportunity for law firms, tech companies, professional service groups, or similar businesses seeking a prominent location in downtown Las Vegas. Owner-users can occupy both structures as a cohesive campus-style setup for expanded operations, team collaboration, or branded headquarters, or occupy one building while simultaneously redeveloping, repurposing, or leasing the other—providing built-in cash flow, operational continuity, and maximum flexibility during occupancy, expansion, or transition periods. The approximate price per square foot on the improved property is below downtown Las Vegas market comparables for similar office properties, reflecting the subject's current as-is condition.
Additionally, the property offers potential eligibility for SBA 7(a) or 504 financing with at least 51% owner occupancy for buyers looking to occupy one or both structures with the opportunity to generate additional income by leasing out the remaining portion to help offset carrying costs or potentially cover the loan payments entirely. SBA programs may also support renovation or tenant improvement (TI) funding for upgrades or adaptive reuse. SBA loan programs allow for down payments as low as 10%. Terms and conditions apply.
Contact Mega Broker LLC today for additional information or to submit an offer. Property is being sold in "As-Is, Where-Is" condition.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
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
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
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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Office Owner-User or Downtown Redevelopment | 919 E Bonneville Ave
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