955 Craig RdNorth Las Vegas, NV 89032

Property Details for 955 Craig Rd

Year built

2005

Construction

FRAME

Lot size

2.06 AC

Property size (Sq ft)

27,788 SF

Property type

Retail properties

Property subtype

Strip malls

APN

139-04-713-006

APU

13904713006

Description

This 1,050-square-foot restaurant space, located at 955 W. Craig Rd #105 in North Las Vegas, Nevada 89032, is available for $80,000. The property is a "Business Only" sale with a Net, Net, Net (NNN) lease at approximately $2,800 per month. Ideal for a takeout or quick-service restaurant, the space is move-in ready, featuring a pre-installed grease trap and hood, significantly reducing initial setup costs. Situated in a plaza with limited restaurant competition, this location offers flexibility for various food concepts. A significant advantage is the proximity to the Culinary Health Center, opening in 2025 across the street, promising increased foot traffic and customer potential. This presents a unique opportunity for food entrepreneurs seeking a thriving business in a high-growth area with minimal upfront investment. The property is easily accessible, with excellent visibility and ample parking. This is a rare chance to acquire a fully equipped restaurant space in a rapidly developing area of North Las Vegas. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $10,653,558

  6.5%

  $9,834,053

  7%

  $9,131,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,029,661

  Geo Method

  $14,029,661

• Alternative Use

  Use

  Valuation

  Residential

  $8,295,392

  Hospitality

  $7,598,534

  Educational

  $6,321,892

  Medical

  $6,539,311

  Retail

  $9,834,053

Location Insight

City

North Las Vegas

County

Clark

State

Nevada

Latitude

36.2384

Longitude

-115.155

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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