110 Ville DrBoulder City, NV 89005

Property Details for 110 Ville Dr

Year built

1985

Construction

FRAME

Lot size

5.97 AC

Property size (Sq ft)

30,729 SF

Property type

Motels

APN

186-04-501-003

APU

18604501003

Description

This exceptional 4,000-square-foot restaurant space in Boulder City, Nevada, presents a unique investment opportunity. Located at 110 Ville Dr, 89005, this single-tenant property boasts stunning views of Lake Mead, a significant advantage for attracting customers. The building's prime location offers excellent visibility and accessibility, situated conveniently next to the Lake Mead Inn and a Chevron gas station. Highway signage further enhances the property's marketing potential, ensuring high visibility for potential patrons. The interior features a spacious seating area, perfect for accommodating a large number of diners, and includes a built-in stage, ideal for live entertainment or special events. The entire 4,000 square feet is currently vacant, providing a blank canvas for a new culinary venture or a complete renovation to suit a specific concept. This property offers a rare combination of prime location, attractive features, and high visibility, making it an exceptional opportunity in the vibrant Las Vegas submarket cluster. The property is situated in the Boulder City submarket, offering a unique blend of local charm and proximity to the larger Las Vegas area. This is a turnkey opportunity for an ambitious restaurateur looking to establish a successful business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,351,959

  6.5%

  $8,632,578

  7%

  $8,015,965

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,467,905

  Geo Method

  $14,467,905

• Alternative Use

  Use

  Valuation

  Residential

  $9,424,267

  Hospitality

  $8,632,578

  Educational

  $7,182,204

  Medical

  $7,429,210

  Retail

  $11,172,316

Location Insight

City

Boulder City

County

Clark

State

Nevada

Latitude

35.9915

Longitude

-114.831

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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