1149 Desert Inn RdLas Vegas, NV 89169

Property Details for 1149 Desert Inn Rd

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.32 AC

Property size (Sq ft)

3,780 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

162-15-503-001

APU

16215503001

Description

This 3,782 square foot retail property, located at 1149 E Desert Inn Rd, Las Vegas, NV 89169, presents a unique investment opportunity. Situated on a 0.32-acre lot at the corner of Desert Inn Road and one block from Maryland Parkway, this single-story, 1965-built building offers excellent visibility and accessibility. Currently featuring two suites, 2,042 square feet are available for lease, beginning October 1, 2024. The space boasts a well-designed layout, including a reception area, a secure glass-enclosed employee area, two back rooms, two private bathrooms, and a dedicated tech room. The flooring consists of tile in the reception area and carpet in the back rooms and employee area. The property is zoned GC (General Commercial) Store and Retail, making it suitable for a variety of uses, including professional offices, title loan centers, check cashing stores, smoke shops, pawn shops, laundromats, clothing stores, and other retail businesses. Pylon signage is available, enhancing visibility and brand recognition. The previous tenant was Cash 1. This property is part of the Las Vegas Central submarket and has an APN of 162-15-503-001. Don't miss this chance to secure a prominent retail location in a thriving Las Vegas area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,098,684

  6.5%

  $1,014,170

  7%

  $941,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,908,454

  Geo Method

  $1,908,454

• Alternative Use

  Use

  Valuation

  Residential

  $855,491

  Hospitality

  $783,625

  Educational

  $651,967

  Medical

  $674,389

  Retail

  $1,014,170

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1294

Longitude

-115.138

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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