For Sale
$3,390,000

4974 Sahara Ave Las Vegas, NV 89104

High-yield, 16-tenant shopping center

Overview

Added:
Dec 11, 2024
Days on market:
137
Prime Las Vegas location, 20,000 sq ft, 7.47% cap rate, 100% occupancy, strong NOI, offering a fee simple ownership opportunity in a stabilized, multi-tenant retail and self-storage property. The property boasts 16 office/retail suites and 47 storage units, situated on 1.22 acres of land in a high-traffic area. Built in 1999, this two-story building features ample parking (44 spaces per 1,000 sq ft) and benefits from a C-1 zoning designation. The property enjoys excellent visibility and exposure due to its location near the intersection of E Sahara Avenue and N Nellis Blvd, experiencing combined daily traffic exceeding 71,043 vehicles. The asking price is $3,390,000, translating to $169.50 per square foot. The property generates a substantial net operating income (NOI) of $253,379, and includes rent bumps. This owner/user investment opportunity presents a compelling return on investment. The property's address is 4974 E Sahara Ave, Las Vegas, NV 89104, with APN 161-05-810-207.

Highlights

  • $3,390,000 asking price for a stabilized, owner-user investment opportunity.
  • 20,000 square foot shopping center with 16 tenants in Las Vegas, NV.
  • 100% occupancy with a 7.47% cap rate and $253,379 NOI.
  • Located at 4974 E Sahara Ave, Las Vegas, NV 89104, on a 1.22-acre lot with C-1 zoning.
  • Features 44 parking spaces per 1,000 square feet, rent bumps, and a modified lease structure.

Property Details for 4974 Sahara Ave

Property type
Lifestyle centers, Power centers
Square Feet
20,000 SF
Year Built
1999
Stories
2
Lot Size (sq. ft)
53,143 SF

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.144576799047
Longitude
-115.06724617429

FAQs

What type of property is this?
Lifestyle center - High-yield, 16-tenant shopping center
Where is the lifestyle center located?
The property is located at 4974 Sahara Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,390,000.
What are key features of this property?
This property features: $3,390,000 asking price for a stabilized, owner-user investment opportunity.; 20,000 square foot shopping center with 16 tenants in Las Vegas, NV.; 100% occupancy with a 7.47% cap rate and $253,379 NOI.
How can I contact the broker?
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4974 Sahara Ave
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