230 Nellis BlvdLas Vegas, NV 89110

Property Details for 230 Nellis Blvd

Year built

1992

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.38 AC

Property size (Sq ft)

4,046 SF

Property type

Retail space

APN

140-33-310-005

APU

14033310005

Description

This exceptional retail opportunity is located at 230 N Nellis Blvd, Las Vegas, NV 89110, a high-traffic area with excellent visibility. The property, built in 1992, is a single-story, free-standing building totaling 8,046 square feet, currently offering 4,046 square feet of vacant space. The minimum divisible space is also 4,046 square feet, making it ideal for a single tenant or a smaller business seeking a prominent location. The property boasts a convenient location with cross-street access at Nellis and Charleston Boulevards. Its CG zoning allows for a variety of retail uses. The building's strategic placement ensures high visibility and accessibility, benefiting from its proximity to major retailers and restaurants including Walmart, Ross, Burlington, In-N-Out Burger, and Chipotle. Furthermore, the property shares proximity with established businesses such as Raising Cane's, Verizon Wireless, and Mattress Firm, creating a synergistic retail environment. The Clark County property (APN: 14033310005) presents a compelling investment opportunity for businesses seeking a strong presence in a thriving Las Vegas commercial corridor. The property is situated in a densely populated area with high foot traffic and vehicular access, making it an ideal location for a variety of retail businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,403,452

  6.5%

  $1,295,494

  7%

  $1,202,958

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,042,753

  Geo Method

  $2,042,753

• Alternative Use

  Use

  Valuation

  Residential

  $1,092,798

  Hospitality

  $1,000,997

  Educational

  $832,817

  Medical

  $861,459

  Retail

  $1,295,494

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1636

Longitude

-115.062

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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