1212 Eastern AveLas Vegas, NV 89104

Property Details for 1212 Eastern Ave

Year built

1951

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

1,312 SF

Property type

Office properties

Property subtype

Office buildings

APN

162-02-517-020

APU

16202517020

Description

This exceptional 2,400-square-foot single-tenant office building is available for lease in Las Vegas, Nevada. Located at 1212 S Eastern Ave, zip code 89104, this Class C property offers a versatile layout ideal for a variety of professional uses. The building is a one-story structure (APN 162-02-517-020) and features ample parking conveniently located both in front and behind the building. A spacious storage area is situated at the rear of the property, providing additional utility. The flexible floor plan makes it suitable for diverse tenants, including medical practices, accounting firms, legal services, DMV offices, or even a church or charity organization. Its prime location ensures easy access for clients and employees, making it an attractive option for businesses seeking a prominent presence in Las Vegas. This stand-alone building offers the perfect blend of functionality and location, presenting a unique opportunity to establish your business or organization in a thriving area. The property is categorized as a traditional office space.

• CAP approach

  CAP return

  Valuation

  6%

  $309,591

  6.5%

  $285,776

  7%

  $265,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $262,859

  Geo Method

  $262,859

• Alternative Use

  Use

  Valuation

  Residential

  $354,362

  Hospitality

  $324,594

  Educational

  $270,058

  Medical

  $279,346

  Retail

  $420,091

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1556

Longitude

-115.119

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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