6400 Eastern AveLas Vegas, NV 89119

Property Details for 6400 Eastern Ave

Year built

1984

Construction

FRAME

Lot size

4.10 AC

Property size (Sq ft)

33,248 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

162-36-410-013

APU

16236410013

Description

This exceptional 94,320 square foot retail center, situated on a 2.17-acre lot at 6400 S Eastern Ave, Las Vegas, NV 89119, presents a unique investment opportunity. The property boasts a C2 zoning designation and is ideally located within the Airport Industrial & Office submarket, offering unparalleled access to McCarran International Airport and major interstate highways. Currently, all 94,320 square feet are vacant, providing a blank canvas for a diverse range of retail, office, or restaurant concepts. The available spaces range from 1,000 to 8,186 square feet, catering to various business needs. This location benefits from its proximity to the Las Vegas Strip and a dense mix of residential, office, retail, and industrial properties. Furthermore, the property is directly adjacent to the largest recreational park in Nevada, enhancing its appeal and visibility. New ownership is planning significant renovations, promising a revitalized and modern space. This is a rare chance to establish a presence in a thriving, underserved market with excellent infrastructure and high potential for growth. The property's strategic location and substantial size make it an attractive proposition for both individual tenants and larger-scale developments.

• CAP approach

  CAP return

  Valuation

  6%

  $7,368,660

  6.5%

  $6,801,840

  7%

  $6,316,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,927,690

  Geo Method

  $6,927,690

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $13,094,000

  Mixed-Use / Specialty

  $6,846,410

  Hospitality / Lodging

  $5,112,590

  Office

  $6,877,410

  Institutional / Educational

  $7,142,100

  Residential Income

  $8,356,260

  Multifamily

  $9,640,540

  Automotive / Energy

  $6,121,800

  Parking / Income-Based Land

  $2,044,570

  Restaurant / Food Service

  $3,707,740

  Healthcare / Senior Housing

  $6,950,290

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.0732

Longitude

-115.118

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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