For Sale
$699,000

21 Frontage Rd Pahrump, NV 89048

High-yield retail land, 864 sq ft, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional redevelopment opportunity presents a 0.33-acre lot in Pahrump, Nevada, ideally suited for a variety of commercial ventures. The existing 864-square-foot retail building, constructed in 1990, sits on a commercially zoned parcel at 21 S Frontage Rd, 89048, and boasts 100% occupancy under a triple-net (NNN) lease. The property offers a compelling 1.00% capitalization rate and is currently priced at $699,000. Its prime location and existing structure make it an attractive investment for those seeking a high-yield, single-tenancy retail asset with significant redevelopment potential. The property's size and zoning provide flexibility for various commercial uses, making it an ideal platform for expansion or repositioning within the thriving Pahrump market. This is a rare chance to acquire a well-located, income-producing property with substantial upside potential in a growing Nevada community. The property's current configuration and strong occupancy rate provide immediate cash flow, while the redevelopment potential allows for long-term value appreciation. Serious inquiries are encouraged.

Highlights

  • 0.33-acre lot in Pahrump, NV, ideal for commercial redevelopment.
  • 864 sq ft retail building on a commercially zoned parcel at 21 S Frontage Rd, 89048, built in 1990.
  • 100% occupancy under a triple-net (NNN) lease.
  • $699,000 asking price with a 1.00% capitalization rate.
  • High-yield, single-tenancy retail asset with redevelopment potential.

Property Details for 21 Frontage Rd

Property type
Retail properties, Land
Square Feet
864 SF
Year Built
1990
Lot Size (sq. ft)
14,375 SF

Location Insight

City
Pahrump
County
Nye
State
Nevada
Latitude
36.2193039
Longitude
-115.9932095

FAQs

What type of property is this?
Retail property - High-yield retail land, 864 sq ft, 100% occupied.
Where is the retail property located?
The property is located at 21 Frontage Rd Pahrump, NV.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 0.33-acre lot in Pahrump, NV, ideal for commercial redevelopment.; 864 sq ft retail building on a commercially zoned parcel at 21 S Frontage Rd, 89048, built in 1990.; 100% occupancy under a triple-net (NNN) lease.
How can I contact the broker?
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21 Frontage Rd
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