2439 Decatur BlvdLas Vegas, NV 89108

Property Details for 2439 Decatur Blvd

Year built

1994

Construction

STEEL FRAME

Lot size

0.25 AC

Property size (Sq ft)

2,400 SF

Property type

Retail properties

Property subtype

Auto shops

APN

138-13-801-082

APU

13813801082

Description

This exceptional investment opportunity presents a well-established auto repair shop in Las Vegas, Nevada. The property, located at 2439 N Decatur Blvd, boasts 2,880 square feet on a 0.25-acre lot, zoned C-1. The building, constructed in 1994, is a two-story Class B structure with a single tenant currently enjoying 100% occupancy until April 30, 2024. The property features four repair bays, a secure rear yard, a standard office, reception area, and bathroom. High ceilings in the bay area and up-to-date equipment are key features. This family-run business, operating for over 30 years, offers a compelling value-add investment opportunity. The asking price is $1,350,000, representing a price per square foot of $468.75 and a land value of $468.62/SF. The property's strong performance is reflected in its attractive 6.22% cap rate. The net lease structure provides a straightforward investment with minimal management responsibilities. This turnkey operation presents a rare chance to acquire a profitable business and valuable real estate in a desirable Las Vegas location. The property's parcel number is 138-13-801-082.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.2035

Longitude

-115.206

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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