2341 Rainbow BlvdLas Vegas, NV 89108

Property Details for 2341 Rainbow Blvd

Year built

1997

Construction

FRAME

Lot size

0.42 AC

Property size (Sq ft)

7,266 SF

Property type

Turn key restaurants

APN

138-22-612-001

APU

13822612001

Description

This 1.15-acre retail pad, located at 2341 N Rainbow Blvd, Las Vegas, NV 89108, offers a prime opportunity for sale or lease. Built in 1997 and zoned Limited Commercial District (C-1), the property boasts excellent visibility on Rainbow Blvd. and N. Rainbow Blvd. & W. Smoke Ranch Rd., benefiting from high traffic counts on US-95 Freeway (approx. 161,000 vehicles per day) and Rainbow Blvd. (approx. 19,000 vehicles per day). The single-tenant pad presents options for ground lease or build-to-suit development, including the possibility of a drive-thru. High-impact signage opportunities are available. This location is within a well-established, densely populated trade area, anchored by notable businesses such as AMC Theatres, Hobby Lobby, Barnes & Noble, and Cost Plus. APN: 138-22-514-010. Contact for sale price.

• CAP approach

  CAP return

  Valuation

  6%

  $2,282,327

  6.5%

  $2,106,764

  7%

  $1,956,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,668,472

  Geo Method

  $3,668,472

• Alternative Use

  Use

  Valuation

  Residential

  $1,777,134

  Hospitality

  $1,627,845

  Educational

  $1,354,348

  Medical

  $1,400,926

  Retail

  $2,106,764

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1981

Longitude

-115.242

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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