3847 Eastern AveLas Vegas, NV 89169

Property Details for 3847 Eastern Ave

Year built

1978

Property size (Sq ft)

4,600 SF

Property type

Office properties

Property subtype

Office space

Description

This exceptional 4,600-square-foot creative office building, located at 3847 S Eastern Ave in Las Vegas, Nevada, presents a compelling value-add investment opportunity. The property, built in 1978 and extensively renovated in 2023, boasts a prime location on a major thoroughfare, offering excellent visibility and accessibility. Currently operating at 100% occupancy (until November 30, 2023), this two-story Class B building sits on a 162-14-710-040 APN parcel and is zoned CE, allowing for versatile usage. The property features one unit spread across 4,600 square feet of net rentable space. Its strategic location provides convenient access to key areas, including a mere 8 minutes from the airport and 5 minutes from the Las Vegas Strip. The property's unique history includes previous use as a residence, featuring amenities such as a swimming pool, jacuzzi, and a large backyard with a covered patio, gas BBQ, and a fire pit. The interior includes six bedrooms, two oversized great rooms, a two-sided wood-burning fireplace, and parking for eight cars. This property is ideally suited for a variety of uses, including senior living, rehabilitation facilities, or even a large family residence, given its current configuration. The asking price is $645,000, and the property is offered as a 1031 exchange opportunity. This is a rare chance to acquire a well-located, versatile property with significant upside potential.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1194

Longitude

-115.119

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