526 7Th StLas Vegas, NV 89101

Property Details for 526 7Th St

Year built

1941

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

1,845 SF

Property type

Office buildings

APN

139-34-710-021

APU

13934710021

Description

This exceptional mixed-use property, located at 526 S 7th St, Las Vegas, NV 89101, presents a unique investment opportunity in the heart of Downtown Las Vegas. The 1,845 square foot building, constructed in 1941 and completely renovated in 2024, boasts new floors, fixtures, bathrooms, and kitchens. Situated on a 6,970 square foot lot, this Class B building offers 10 parking spaces and is zoned for mixed use, providing incredible flexibility for a variety of commercial ventures. The property is currently vacant, allowing for immediate occupancy and customization to suit your specific needs. Its prime location, directly behind the Writers Block/Beverly Center, benefits from the area's growth and the nearby large parking structure. This single-story building is part of a larger opportunity

• CAP approach

  CAP return

  Valuation

  6%

  $435,362

  6.5%

  $401,873

  7%

  $373,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,646

  Geo Method

  $369,646

• Alternative Use

  Use

  Valuation

  Residential

  $498,322

  Hospitality

  $456,460

  Educational

  $379,770

  Medical

  $392,831

  Retail

  $590,753

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1628

Longitude

-115.142

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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