3716 Las Vegas BlvdLas Vegas, NV 89109

Property Details for 3716 Las Vegas Blvd

Year built

2023

Lot size

2.16 AC

Property size (Sq ft)

173,274 SF

Property type

Apartment buildings

APN

162-20-711-016

APU

16220711016

Description

This exceptional Class A, four-story retail building, totaling 240,000 square feet, boasts a prime location on the Las Vegas Strip at the intersection of Las Vegas Boulevard and Harmon Avenue. Currently featuring a mix of established and soon-to-open tenants including Jason Aldean's Kitchen + Bar (opening Fall 2024), Ocean Prime, Ariat, Museum of Illusions, and the ARTE MUSEUM, this property offers unparalleled visibility and access to a high-traffic, high-spending demographic. With 30,190 square feet of vacant space available for lease across multiple suites within a building constructed in 2023, this presents a unique opportunity for businesses seeking a prominent presence in the heart of Las Vegas's most vibrant entertainment district. The 2.16-acre lot is zoned Commercial Resort (CR), offering flexibility for a variety of uses. The building's strategic location within CityCenter places it steps from luxury hotels and high-end shopping destinations such as the Shops at Crystals, Aria, and The Cosmopolitan, ensuring high foot traffic and brand exposure. This property offers an unparalleled opportunity to establish a thriving business in one of the world's most sought-after retail locations. The APN is 162-20-711-016. Further information is available at www.63leasing.com.

• CAP approach

  CAP return

  Valuation

  6%

  $46,677,304

  6.5%

  $43,086,740

  7%

  $40,009,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,808,940

  Geo Method

  $53,808,940

• Alternative Use

  Use

  Valuation

  Residential

  $43,086,740

  Hospitality

  $39,467,224

  Educational

  $32,836,266

  Medical

  $33,965,556

  Retail

  $51,078,636

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1087

Longitude

-115.174

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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