714 Nellis BlvdLas Vegas, NV 89110

Property Details for 714 Nellis Blvd

Year built

2005

Construction

FRAME

Lot size

0.69 AC

Property size (Sq ft)

2,036 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

140-33-101-019

APU

14033101019

Description

This exceptional retail investment opportunity in Las Vegas, Nevada, presents a 3,960 square foot, fee-simple property encompassing a thriving liquor store with gaming machines and a highly-rated Salvadoran restaurant, Santa Ana Café (372+ 4.3/5-star reviews). Built in 2005, the property sits on a 0.69-acre lot zoned C-M (Corridor Mixed Use) and boasts two prominent monument signs for maximum visibility at the intersection of Nellis Boulevard and Bonanza Road, where traffic counts exceed 62,600 vehicles per day. The location is strategically positioned within a dense residential area, with over 66,320 households within a three-mile radius, ensuring a strong customer base. The asking price is $2,500,000, translating to $631.31 per square foot. This owner/user investment offers a unique blend of established businesses and prime real estate in a high-traffic area, benefiting from Nevada's attractive tax advantages for investors. The property's two tenants operate under net lease agreements. The APN is 140-33-101-019. This is a turnkey opportunity for a savvy investor seeking a profitable and established business with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $706,235

  6.5%

  $651,909

  7%

  $605,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,027,940

  Geo Method

  $1,027,940

• Alternative Use

  Use

  Valuation

  Residential

  $549,910

  Hospitality

  $503,715

  Educational

  $419,085

  Medical

  $433,498

  Retail

  $651,909

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.173

Longitude

-115.062

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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