5693 Jones BlvdLas Vegas, NV 89118

Property Details for 5693 Jones Blvd

Year built

2004

Construction

FRAME

Lot size

2.76 AC

Property size (Sq ft)

34,282 SF

Property type

Retail properties

Property subtype

Strip malls

APN

163-26-818-001

APU

16326818001

Description

This exceptional Las Vegas investment opportunity presents a 45,438 square foot, multi-tenant retail center situated on a prominent 3.57-acre corner lot at the Northwest corner of Jones and Russell Boulevards. The property, known as Spanish Palms Plaza, comprises two single-story buildings constructed in 2007 and classified as Class B. Currently, there is 2,200 square feet of vacant space available, offering a chance for new businesses to join a thriving mix of established tenants including Wingstop, UPS Store, Subway, Mr. Mama's restaurant, Matiki Island Grill, and State Farm. The property benefits from its location in a high-traffic area of Southwest Las Vegas, with convenient access to the 215 and 15 freeways. The zoning is CG, and the property features a total of 45,438 square feet across two buildings. The property's APN is 163.26.818.001/002. Ideal for restaurants, coffee shops, medical offices, and retailers seeking to capitalize on strong demographics and high traffic counts. The property is located in Las Vegas, Nevada, zip code 89118. Please inquire for details.

• CAP approach

  CAP return

  Valuation

  6%

  $10,947,984

  6.5%

  $10,105,831

  7%

  $9,383,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,308,364

  Geo Method

  $17,308,364

• Alternative Use

  Use

  Valuation

  Residential

  $8,524,647

  Hospitality

  $7,808,530

  Educational

  $6,496,606

  Medical

  $6,720,034

  Retail

  $10,105,831

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.0865

Longitude

-115.226

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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