6920 Arroyo Crossing PkwyLas Vegas, NV 89113

  • Banks
  • 4,140 SF
For Lease
$130,000/SF/YR View listing

Property Details for 6920 Arroyo Crossing Pkwy

Year built
2009
Construction
FRAME
Lot size
0.65 AC
Property size (Sq ft)
4,140 SF
Property type
Banks
APN
176-03-610-002
APU
17603610002

Description

This exceptional Class A retail opportunity is located within the highly sought-after Arroyo Market Square, a 940,000 square foot power center in Las Vegas, Nevada. Situated at 6920 - 7350 Arroyo Crossing Pkwy, zip code 89113, this property boasts a prime location adjacent to the Arroyo Corporate Center, a substantial Class A office development. The available space totals 52,333 square feet, with a minimum divisible unit of 7,200 square feet and a maximum contiguous space of 7,200 square feet. The property is zoned Commercial General (CG) in Clark County and offers excellent visibility and accessibility, benefiting from high traffic flow due to its proximity to major commuter routes. Arroyo Market Square is anchored by several national big-box retailers and features a diverse mix of in-line shops and casual dining establishments, creating a vibrant and thriving retail environment. This presents a unique opportunity to establish a presence in a well-established and high-traffic retail center, attracting customers from the Southwest and Summerlin areas. The property is categorized as a ground lease with multiple tenancies. This is an ideal location for businesses seeking high visibility and access to a large customer base in a rapidly growing area of Las Vegas. Don't miss this chance to secure your place in this thriving retail destination.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,322,112
    6.5%
    $1,220,411
    7%
    $1,133,239
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,090,212
    Geo Method
    $2,090,212
  • Alternative Use

    Use
    Valuation
    Residential
    $1,029,463
    Hospitality
    $942,982
    Educational
    $784,550
    Medical
    $811,532
    Retail
    $1,220,411

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0635
Longitude
-115.243
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
$4,932
$257,657
-
$257,657
-
$736,163
-
$736,163

FAQs

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