For Sale
$4,250,000

1141 Nv-160Pahrump, NV 89048

Nevada Multi-Tenant Commercial Property

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add investment opportunity presents a 35,800 square foot multi-tenant commercial property in Pahrump, Nevada. Located at the intersection of NV-160 and E. Postal Drive, this six-building complex sits on 5.07 acres and boasts high visibility with prominent signage on a major highway (approx. 25,000 vehicles per day). Currently 73.89% occupied by 15 tenants across 21 units, the property offers significant upside potential through lease negotiations and renewals. The existing leases are primarily short-term or month-to-month, providing flexibility for the new owner. Built in 1986, the single-story buildings are zoned General Commercial (GC), allowing for diverse commercial uses. The property features ample parking and benefits from high traffic volume due to its proximity to the US Postal Service and other local businesses. The current average rent is substantially below market, presenting a compelling opportunity for increased revenue. The asking price is $4,250,000, with a price per square foot of $118.72. Minimum annual rent bumps of 3% are in place. APN numbers are 035-381-29, 035-381-30, 035-381-07, 035-381-08, and 035-422-39. This property is an ideal investment for those seeking long-term growth or immediate value-add potential in a thriving Nevada market.

Highlights

  • Value-add opportunity: 35,800 SF multi-tenant commercial property in Pahrump, NV.
  • 73.89% occupied with 15 tenants across 21 units, offering significant upside potential.
  • Below replacement cost, with current rents substantially below market ($1.06/SF/month, NNN).
  • Most tenants on short-term or month-to-month leases, providing flexibility.
  • High visibility location on NV-160 and E. Postal Drive (approx. 25,000 VPD), with ample parking.

Property Details for 1141 Nv-160

Property type
Lifestyle centers, Power centers
Square Feet
35,800 SF
Year Built
1986
Buildings
6
Stories
1
Lot Size (sq. ft)
220,849 SF
Units
21

Location Insight

City
Pahrump
County
Nye
State
Nevada
Latitude
36.203274415762
Longitude
-115.97654428445
1141 Nv-160, Pahrump, Nevada

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1141 Nv-160
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