3115 Eastern AveLas Vegas, NV 89169

Property Details for 3115 Eastern Ave

Year built

1963

Construction

FRAME

Lot size

0.22 AC

Property size (Sq ft)

3,375 SF

Property type

Medical offices

Property subtype

Medical centers

APN

162-11-811-074

APU

16211811074

Description

This exceptional 3,375-square-foot medical office building in Las Vegas, Nevada, is offered for sale at $900,000. Located at 3115 S Eastern Ave, this Class C property sits on a 0.22-acre lot and boasts a prime location in the Paradise Palms submarket, near Sunrise Hospital and Medical Center, offering easy access to a large residential population. The building, constructed in 1963 and renovated in 2024, features six exam rooms, administrative offices, a lab, and a breakroom. Currently 100% occupied by a family practice physician group under a modified lease, the tenant is expected to vacate in April 2026, presenting a leasing or owner-user opportunity. Recent improvements include new breakroom flooring, asphalt sealing, and restriping. The property is zoned Commercial Professional (CP) and offers a turnkey solution for medical professionals seeking to establish or expand their practice. The building's central location, near shopping and other medical facilities, adds to its appeal. This investment presents a unique opportunity to acquire an updated, well-located medical office building in a thriving Las Vegas neighborhood. The property's APN is 162-11-811-074. The price per square foot is $266.67.

• CAP approach

  CAP return

  Valuation

  6%

  $667,325

  6.5%

  $615,993

  7%

  $571,993

• Comparable approach

  Method

  Valuation

  Relative Method

  $676,181

  Geo Method

  $676,181

• Alternative Use

  Use

  Valuation

  Residential

  $763,831

  Hospitality

  $699,665

  Educational

  $582,113

  Medical

  $602,133

  Retail

  $905,509

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1332

Longitude

-115.119

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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