3505 Flamingo Rd Las Vegas, NV 89121
12,000 SF Multi-Tenant Office, High ROI Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 12,000 SF single-story office building on a 1.74-acre lot in Las Vegas, NV.
- Priced at $1,975,000 ($164.58/SF), offering a value-add opportunity below market rates for comparable properties.
- Zoned CG (Commercial General), allowing for diverse commercial uses.
- Below-market leases with a 5% annual escalation clause (above market average), providing significant upside potential.
- Multiple income streams including parking revenue and potential billboard signage.
- Substantial renovation potential to increase NOI and cap rate.
Property Details for 3505 Flamingo Rd
- Property type
- Office properties, Medical offices
- Square Feet
- 12,000 SF
- Class
- B
- Year Built
- 1993
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 75,794 SF
Location Insight
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Latitude
- 36.11470828
- Longitude
- -115.0983733
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - 12,000 SF Multi-Tenant Office, High ROI Potential
- Where is the office property located?
- The property is located at 3505 Flamingo Rd Las Vegas, NV.
- What is the asking price?
- The asking price for this property is $1,975,000.
- What are key features of this property?
- This property features: 12,000 SF single-story office building on a 1.74-acre lot in Las Vegas, NV.; Priced at $1,975,000 ($164.58/SF), offering a value-add opportunity below market rates for comparable properties.; Zoned CG (Commercial General), allowing for diverse commercial uses.
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