34 Pacific AveHenderson, NV 89015

Property Details for 34 Pacific Ave

Year built

1942

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

1,483 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

179-18-310-134

APU

17918310134

Description

This exceptional mixed-use property, located at 34 W. Pacific Ave., Henderson, NV 89015, presents a unique investment opportunity in the heart of Downtown Henderson's Redevelopment District. The 1,996 square foot building, situated on a lot with a separate garage and fenced yard, boasts a rich history, having served as a successful commercial and residential real estate company for nearly three decades. Completely renovated in 2024, this property offers a versatile space ideal for a variety of uses. The Downtown Mixed-Use (DX) zoning permits a wide range of possibilities, including office space, residential units, short-term rentals (like Airbnbs), retail storefronts, bars/restaurants, and even gaming establishments. The building comprises two structures, each one story, totaling 1,843 square feet. The property includes one unit and is ready for occupancy on November 1, 2024. Originally built in 1942, the extensive 2024 renovations provide a modern and functional space. This is a value-add investment situated in an Opportunity Zone, offering significant potential for growth and return. The separate garage with a roll-up door adds further versatility for various service-based businesses. This property is being offered for $650,000.

• CAP approach

  CAP return

  Valuation

  6%

  $584,115

  6.5%

  $539,183

  7%

  $500,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $748,740

  Geo Method

  $748,740

• Alternative Use

  Use

  Valuation

  Residential

  $454,821

  Hospitality

  $416,613

  Educational

  $346,617

  Medical

  $358,538

  Retail

  $539,183

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0328

Longitude

-114.986

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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