2000 Eastern AveLas Vegas, NV 89104

For Sale
$2,131,560.63
Las Vegas Medical Office Building - High NOI

Overview

Added:
Dec 11, 2024
Days on market:
126
This 10,122 sq ft medical office building in Las Vegas, NV presents a compelling investment opportunity. Located at 2000 S Eastern Ave, this single-story, Class B building boasts 100% occupancy with a strong tenant base primarily in the medical field. Built in 1984 and renovated in 2022, the property features 19 large offices, a conference room, ample open space with 10 additional workstations, a large break room, and substantial storage. Amenities include 25 parking spaces, an automatic gate, upgraded handicap access, an automatic entrance code, upgraded landscaping, security cameras, and high-speed Cox internet. The property sits on a 0.66-acre lot and is zoned P-R. The current Net Operating Income (NOI) is $154,347, representing a 7.50% cap rate at an asking price of $2,131,560.63 ($210.59/sq ft). The property's prime location offers easy access to downtown Las Vegas, the Court District, and US-95, with the international airport just 15 minutes away. The seller is considering adding two additional offices and a roof billboard, further enhancing income potential. This is an ideal owner-user opportunity, allowing for partial occupancy while generating substantial rental income, or a strong investment for passive income. The adjacent law firm has occupied its space for over 30 years, indicating a stable and desirable location.

Highlights

  • 10,120 SF single-story office building for sale, currently 100% occupied by medical tenants.
  • Owner-user opportunity: occupy 51% while generating rental income, or strong cash flow for investors with low maintenance.
  • Features 19 large offices, conference room, open workspace with 10 additional workstations, large breakroom, and storage.
  • Amenities include high-speed Cox internet, upgraded handicap access, automatic gate and entry code, ample parking, security cameras, and exterior lighting.
  • Attractive landscaping, located minutes from Downtown Las Vegas and the Court District, with easy US-95 access and proximity to the airport (15-minute drive).
  • Potential for increased income via two additional office spaces and a rooftop billboard, projecting $154,347.16 annual income.

Property Details for 2000 Eastern Ave

Property type
Office properties, Medical offices
Square Feet
10,122 SF
Class
B
Year Built/Renovated
1984/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
28,750 SF

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1478908
Longitude
-115.1192857
2000 Eastern Ave, Las Vegas, Nevada

FAQs

What type of property is this?
Office property - Las Vegas Medical Office Building - High NOI
Where is the office property located?
The property is located at 2000 Eastern Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,131,560.63.
What are key features of this property?
This property features: 10,120 SF single-story office building for sale, currently 100% occupied by medical tenants.; Owner-user opportunity: occupy 51% while generating rental income, or strong cash flow for investors with low maintenance.; Features 19 large offices, conference room, open workspace with 10 additional workstations, large breakroom, and storage.
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2000 Eastern Ave
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