1040 Flamingo RdLas Vegas, NV 89119

Property Details for 1040 Flamingo Rd

Year built

2002

Construction

FRAME

Lot size

1.53 AC

Property size (Sq ft)

15,950 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

162-15-805-008

APU

16215805008

Description

This exceptional retail opportunity is located within the vibrant University District of Las Vegas, Nevada, at 1040 E Flamingo Rd, 89119. The Flamingo Marketplace offers a single-story, 15,994 square foot building, with 3,106 square feet currently available for lease. This space is ideal for a variety of retail uses, including restaurants, given its zoning and existing infrastructure. The minimum leasable space is 3,106 square feet, and this is also the maximum contiguous space available at this time. The property is conveniently situated near Maryland, offering excellent visibility and accessibility. The building's single-story design provides easy access for customers and employees. This is a fantastic chance to establish a presence in a high-traffic area with a strong customer base. The University District location ensures a consistent flow of potential customers, making this a highly desirable retail space. Serious inquiries are encouraged to explore this unique leasing opportunity. The property features a total of 15,994 square feet across one building. Don't miss out on this chance to secure a prominent retail location in a thriving Las Vegas neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $4,635,984

  6.5%

  $4,279,370

  7%

  $3,973,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,052,868

  Geo Method

  $8,052,868

• Alternative Use

  Use

  Valuation

  Residential

  $3,609,808

  Hospitality

  $3,306,565

  Educational

  $2,751,023

  Medical

  $2,845,635

  Retail

  $4,279,370

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1151

Longitude

-115.142

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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