1214 D StLas Vegas, NV 89106

Property Details for 1214 D St

Year built

1953

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

4,353 SF

Property type

Retail space

APN

139-27-111-081

APU

13927111081

Description

This exceptional investment opportunity presents a 4,353-square-foot retail storefront located at 1214 D St, Las Vegas, NV 89106. The property, built in 1953 and renovated in 2015, sits on a 0.16-acre lot (APN 139-27-111-081) and boasts a single-story, concrete block construction. Currently, the building is 100% occupied by a restaurant, Annie's Kitchen, under a lease agreement executed August 1, 2022, for the entire 4,353 square feet. This tenant has occupied a portion of the building since 2008, initially leasing approximately 1,000 square feet. The asking price is $500,000, translating to $109 per square foot. Benefiting from its strategic location at the southeast corner of D Street and Monroe Avenue, this property is zoned R-4 and falls within an Opportunity Zone, presenting significant potential for investors. The property features one building with a permitted R-4 zoning designation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,367,323

  6.5%

  $1,262,144

  7%

  $1,171,991

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,197,751

  Geo Method

  $2,197,751

• Alternative Use

  Use

  Valuation

  Residential

  $1,064,666

  Hospitality

  $975,228

  Educational

  $811,379

  Medical

  $839,283

  Retail

  $1,262,144

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1847

Longitude

-115.147

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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