526 7Th StLas Vegas, NV 89101

  • Office properties
  • 1,845 SF
For Sale
$699,000 View listing

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 properties
Property subtype
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

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
526 7Th St, Las Vegas, Nevada

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,518
$90,262
$29,892
$120,154
-
$257,891
$85,406
$343,297

FAQs

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