For Sale
$1,200,000

1210 Basin AvePahrump, NV 89060

Nevada retail center, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
115
This 6,510 square foot retail center in Pahrump, Nevada, presents a compelling value-add investment opportunity for owner-users or investors. Located at 1210 E Basin Ave, this single-story, 1997-built property sits on a 0.5-acre lot and is zoned General Commercial (GC). Currently featuring six units with two tenants occupying 27.96% of the space, this multi-tenant property offers significant upside potential through increased occupancy. The property benefits from a prime location with high visibility and accessibility, close to Highway 160 and major retailers including Walmart, Albertsons, Smith's, Home Depot, and several casinos. The asking price is $1,200,000 ($184.33/sq ft, $200,000/unit), representing a strong value in a rapidly growing market. Leases are NNN with a minimum 3% annual rent bump. The property's strategic location, approximately 60 miles west of Las Vegas, leverages Southern Nevada's booming economic development. This fee-simple ownership opportunity allows for immediate control and potential for significant return on investment. The property's APN is 035-232-18.

Highlights

  • $1,200,000 asking price for a 6,510 SF multi-tenant retail/medical office building in Pahrump, NV.
  • Value-add investment opportunity with a NNN lease structure and 2 tenants currently occupying 27.96% of the space.
  • Located on 0.5 acres with high visibility near Highway 160, benefiting from Pahrump's growth and proximity to Las Vegas.
  • Features include 6 units, 1 story, built in 1997, and zoned General Commercial (GC).
  • $184.33 price per square foot and $200,000 price per unit.

Property Details for 1210 Basin Ave

Property type
Lifestyle centers, Power centers
Square Feet
6,510 SF
Year Built
1997
Buildings
1
Stories
1
Lot Size (sq. ft)
21,780 SF
Units
6

Location Insight

City
Pahrump
County
Nye
State
Nevada
Latitude
36.219846118174
Longitude
-115.99200377626
1210 Basin Ave, Pahrump, Nevada

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1210 Basin Ave
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