8665 Flamingo RdLas Vegas, NV 89147

Property Details for 8665 Flamingo Rd

Year built

1998

Construction

FRAME

Lot size

3.15 AC

Property size (Sq ft)

46,324 SF

Property type

Retail properties

Property subtype

Strip malls

APN

163-20-503-013

APU

16320503013

Description

This exceptional 7,220 square foot retail strip center, located at 8665 W Flamingo Rd in Las Vegas, Nevada, presents a unique investment opportunity. Built in 1998, the single-story building sits on a 3.15-acre lot and is currently 100% vacant, offering complete flexibility for a single tenant or multiple tenants. The minimum divisible space is 1,220 square feet, with a maximum contiguous space of 6,000 square feet. The property boasts excellent visibility and accessibility, situated on the busy southwest corner of West Flamingo Road and South Durango Road, with strong traffic counts of 34,000 cars per day on Flamingo and 28,000 cars per day on Durango. Its convenient location offers proximity to the 215 Beltway, McCarran International Airport (9 miles), and the Las Vegas Strip (6 miles). The property features ample parking and is zoned C-2 (General Commercial), catering to a wide range of retail uses. The property includes an elevator. Clark County APN is 163-20-503-013. This prime location within a high-density residential area ensures a strong customer base. The property offers significant potential for a variety of retail businesses seeking high visibility and convenient access to major transportation routes and a large population base. This is an ideal opportunity for an investor or business owner looking to establish a presence in a thriving Las Vegas market.

• CAP approach

  CAP return

  Valuation

  6%

  $14,793,606

  6.5%

  $13,655,637

  7%

  $12,680,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,388,154

  Geo Method

  $23,388,154

• Alternative Use

  Use

  Valuation

  Residential

  $11,519,040

  Hospitality

  $10,551,379

  Educational

  $8,778,624

  Medical

  $9,080,534

  Retail

  $13,655,637

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1142

Longitude

-115.281

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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