5625 Valley View Blvd Las Vegas, NV 89118

This exceptional redevelopment opportunity presents a 44,000-square-foot warehouse situated on a 3.53-acre lot in Las Vegas, Nevada. Ideally located at 5625 S Valley View Blvd, this property enjoys a prominent position across from Allegiant Stadium, offering significant potential for future development. The existing Class C warehouse, built in 1979, features five loading docks, one dock-high door, and a 20-foot ceiling height. Currently zoned M-1, this multi-tenant property boasts 4 units and is offered at an asking price of $15,000,000 with a 2.50% cap rate. The current lease is a NNN (Net, Net, Net) agreement with a tenant leaseback for two years at a rate of $0.70 per square foot. This presents a unique chance to acquire a substantial industrial asset in a high-growth area with significant upside potential. The property's strategic location near Allegiant Stadium and its substantial size make it an attractive investment for developers seeking a high-impact project. The existing warehouse provides immediate income while redevelopment plans are underway. This is a rare opportunity to capitalize on the burgeoning Las Vegas market. The property's 44,000 net rentable square feet offer ample space for a variety of redevelopment scenarios. Don't miss this chance to acquire a significant piece of Las Vegas real estate.