For Sale
$5,250,000

3075 Flamingo RdLas Vegas, NV 89121

Prime Las Vegas Retail Center

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 36,601 square foot, multi-tenant retail and office property in Central East Las Vegas presents a compelling value-add opportunity. Built in 1985 and renovated in 2016, the property boasts 100% occupancy with a diverse tenant mix including Putter's Bar & Grill and Movement Fitness (occupying 67% of the space and recently signing a five-year lease renewal). Other tenants include a church, salon suites, an insurance agency, and an accounting firm, creating a stable and well-rounded income stream. The property features 139 parking spaces and sits on a 3.11-acre lot with Commercial General (CG) zoning. Its prime location on E. Flamingo Road, near S. Eastern Avenue and S. Pecos Road, benefits from approximately 43,000 average daily traffic. The property is conveniently located less than 15 minutes from Harry Reid International Airport and major interstates, offering excellent accessibility. The weighted average lease term (WALT) is 2.5 years, providing immediate cash flow and long-term growth potential through lease renewals and potential rent increases. This fee-simple ownership opportunity is priced at $5,250,000 ($143.44/sq ft) and represents a strong investment in a thriving Las Vegas market. The property's strong cash flow, diverse tenancy, and strategic location make it an attractive investment for those seeking a core+ value-add opportunity.

Highlights

  • ±36,601 SF multi-tenant retail/office property in Central East Las Vegas.
  • 100% occupancy with strong cash flow and a 2.5-year weighted average lease term (WALT).
  • Anchored by Putter's Bar & Grill and Movement Fitness (67% occupancy), recently renewed for 5 years.
  • Diverse tenant mix including a church, salon suites, insurance agency, and accounting firm.
  • Excellent location on E. Flamingo Rd with ±43,000 ADT, near major interstates, and less than 15 minutes from Harry Reid International Airport.

Property Details for 3075 Flamingo Rd

Property type
Lifestyle centers, Power centers
Square Feet
36,601 SF
Class
C
Year Built/Renovated
1985/2016
Buildings
1
Stories
1
Lot Size (sq. ft)
135,472 SF
Units
5

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1141129
Longitude
-115.1083145
3075 Flamingo Rd, Las Vegas, Nevada

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3075 Flamingo Rd
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