For Sale
$2,222,222

3085 Flamingo RdLas Vegas, NV 89121

8,334 SF Medical Office, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
124
This single-story, 8,334-square-foot medical office building in Las Vegas, Nevada presents a compelling value-add investment opportunity. Located at 3085 E Flamingo Rd, in Clark County, zip code 89121, this Class B property, built in 1992 and renovated in 2016, sits on a 0.68-acre lot and offers ample parking (3.51 spaces per 1,000 sq ft, totaling 29 uncovered spaces). Currently, the occupancy rate is 22.6% across its two units. The asking price is $2,222,222, translating to $266.64 per square foot. The property is zoned Commercial General (CG) and features a storefront design, making it suitable for a variety of uses. Previous use as medical professional office space suggests potential for similar tenants. The property is well-situated in a mature and affluent area of Central East Las Vegas, offering excellent visibility and accessibility. SBA 504(b) financing may be available with a 10% down payment (subject to occupancy requirements exceeding 4,250 sq ft). This property is ideal for owner-users or investors seeking to increase occupancy and value. The property's APN is 162-24-513-003.

Highlights

  • $2,222,222 asking price for an 8,334 SF medical office building.
  • Located at 3085 E Flamingo Rd, Las Vegas, NV 89121, on a 0.68-acre lot.
  • Class B building, built in 1992 and renovated in 2016, with 29 uncovered parking spaces (3.5/1000 SF ratio).
  • Currently 22.6% occupied, offering value-add potential for investors or owner-users.
  • SBA 504(b) financing may be available.

Property Details for 3085 Flamingo Rd

Property type
Retail properties, Office properties
Square Feet
8,334 SF
Class
B
Year Built/Renovated
1992/2016
Buildings
1
Stories
1
Lot Size (sq. ft)
29,621 SF
Units
2

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1145641
Longitude
-115.1078975
3085 Flamingo Rd, Las Vegas, Nevada

FAQs

What type of property is this?
Retail property - 8,334 SF Medical Office, Value-Add Opportunity
Where is the retail property located?
The property is located at 3085 Flamingo Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,222,222.
What are key features of this property?
This property features: $2,222,222 asking price for an 8,334 SF medical office building.; Located at 3085 E Flamingo Rd, Las Vegas, NV 89121, on a 0.68-acre lot.; Class B building, built in 1992 and renovated in 2016, with 29 uncovered parking spaces (3.5/1000 SF ratio).
How can I contact the broker?
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3085 Flamingo Rd
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