635 Lake Mead PkwyHenderson, NV 89015

Property Details for 635 Lake Mead Pkwy

Year built

2020

Construction

STEEL FRAME

Lot size

0.27 AC

Property size (Sq ft)

1,452 SF

Property type

Office buildings

APN

178-13-717-012

APU

17813717012

Description

This exceptional 1,650-square-foot flex space in Henderson, Nevada, presents a rare opportunity. Located at 635 W Lake Mead Parkway, this single-tenant property boasts prime highway frontage on a major thoroughfare with approximately 45,000 vehicles passing daily. Its strategic location in Henderson's Gateway District offers easy access to the US 95 Freeway, Interstate 11, and the 215 Beltway, ensuring high visibility and convenient commutes. The property is situated near the vibrant Water Street District, a thriving hub of restaurants, breweries, businesses, and family-friendly attractions. The building's flexible zoning allows for a variety of uses, making it ideal for businesses seeking a high-traffic location with excellent accessibility. Clark County's favorable business environment and Henderson's status as Nevada's second-largest city further enhance the property's appeal. This unique building offers a compelling investment opportunity with limited use restrictions and top-rated traffic counts. The property's previous tenants included a payday loan business, a title loan company, and an automobile dealership, demonstrating its versatility and suitability for diverse commercial ventures. Don't miss this chance to secure a highly visible and strategically located commercial property in a rapidly growing area. The property is entirely vacant and ready for immediate occupancy. The zip code is 89015.

• CAP approach

  CAP return

  Valuation

  6%

  $389,051

  6.5%

  $359,124

  7%

  $333,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $290,908

  Geo Method

  $290,908

• Alternative Use

  Use

  Valuation

  Residential

  $445,313

  Hospitality

  $407,905

  Educational

  $339,372

  Medical

  $351,043

  Retail

  $527,912

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0345

Longitude

-115.002

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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