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Investment Highlights
- Two Buildings, One Site, Shared Parking
- Flexible CG Zoning and “Office Conversion” Potential
- Owner-user or investor opportunity | Stabilized Income From 20 Below Smoke and Vape
Executive Summary
This for sale by owners offering presents a unique opportunity to acquire a two-building commercial site with shared parking and a built in “income plus upside” structure. The front building at 2730 S Maryland Parkway is currently leased to 20 Below Smoke and Vape, providing immediate cash flow from day one. The rear building at 1235 Laguna Avenue will be delivered vacant at closing, allowing a buyer to create additional value through lease up or immediate owner user occupancy.
The most compelling strategy is for an owner user to operate their business in the rear building while collecting income from the front smoke shop tenant. This structure can significantly reduce a buyer’s effective occupancy cost and creates a blended investment profile that appeals to both operators and investors.
For an investor, the plan is equally clear: maintain the existing smoke shop lease and add a second income stream by leasing the rear building to a compatible user. The rear structure has historically operated as a commercial use and is zoned CG, supporting a broad range of office and service-oriented tenant profiles subject to buyer due diligence.
In summary, this is a relatively low basis, two building commercial property with in place income and a clean value add path through rear building occupancy or lease up. The asset offers flexibility, yield enhancement potential, and multiple exit strategies once stabilized.
The most compelling strategy is for an owner user to operate their business in the rear building while collecting income from the front smoke shop tenant. This structure can significantly reduce a buyer’s effective occupancy cost and creates a blended investment profile that appeals to both operators and investors.
For an investor, the plan is equally clear: maintain the existing smoke shop lease and add a second income stream by leasing the rear building to a compatible user. The rear structure has historically operated as a commercial use and is zoned CG, supporting a broad range of office and service-oriented tenant profiles subject to buyer due diligence.
In summary, this is a relatively low basis, two building commercial property with in place income and a clean value add path through rear building occupancy or lease up. The asset offers flexibility, yield enhancement potential, and multiple exit strategies once stabilized.
Property Facts
| Price | $1,350,000 | Number of Properties | 2 |
| Price / SF | $465.52 / SF | Individually For Sale | 0 |
| Sale Condition | 1031 Exchange | Total Building Size | 2,900 SF |
| Sale Type | Investment | Total Land Area | 0.35 AC |
| Status | Active |
| Price | $1,350,000 |
| Price / SF | $465.52 / SF |
| Sale Condition | 1031 Exchange |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,900 SF |
| Total Land Area | 0.35 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2730 S Maryland Pky, Las Vegas, NV 89109 | Retail | 1,650 SF | 2016 | - |
| 1235 Laguna Ave, Las Vegas, NV 89169 | Retail | 1,250 SF | 1963 | - |
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Maryland Parkway ST Portfolio
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