796 Pioneer BlvdMesquite, NV 89027

Property Details for 796 Pioneer Blvd

Year built

2006

Construction

FRAME

Lot size

1.11 AC

Property size (Sq ft)

5,912 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

001-17-116-007

APU

117116007

Description

This exceptional 5,912-square-foot bar and restaurant, located at 796 W Pioneer Blvd, Mesquite, NV 89027, presents a lucrative investment opportunity. Situated on a 1.11-acre lot within the Redd Hills Commercial Center, this thriving establishment boasts 100% occupancy under a modified lease with 5 years remaining. The property, zoned PUD, Mesquite, features 15 slot machines surrounded by flat-screen TVs, creating a dynamic atmosphere. Its prime location along Pioneer Boulevard, between Falcon Ridge Parkway and Redd Hills Parkway/Grapevine Road, ensures high visibility and accessibility. The business has earned the distinction of "Best Sports Bar" and "Best Pub & Bar" in Mesquite, reflecting its strong local following and consistent profitability. The asking price is $1,950,000, translating to $329.84 per square foot. The property's APN is 001-17-116-007. This turnkey operation offers immediate income generation and significant potential for future growth within a vibrant community. The high traffic count and established reputation make this a truly exceptional investment opportunity. This is a single-tenancy property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,328,581

  6.5%

  $2,149,459

  7%

  $1,995,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,984,862

  Geo Method

  $2,984,862

• Alternative Use

  Use

  Valuation

  Residential

  $1,813,149

  Hospitality

  $1,660,835

  Educational

  $1,381,795

  Medical

  $1,429,317

  Retail

  $2,149,459

Location Insight

City

Mesquite

County

Clark

State

Nevada

Latitude

36.8102

Longitude

-114.093

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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