1955 Tropicana AveLas Vegas, NV 89119

Property Details for 1955 Tropicana Ave

Year built

1993

Construction

FRAME

Lot size

0.85 AC

Property size (Sq ft)

10,781 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

162-26-510-001

APU

16226510001

Description

This exceptional 1,600 square foot single-tenant office space is ideally situated at 1955 E Tropicana Ave, Suite J & K, Las Vegas, NV 89119. Located in a C2 zoned area, the property boasts direct, unobstructed frontage on Tropicana Avenue, offering unparalleled visibility and accessibility. Built in 1994 and renovated in 2017, the building features a single story design within a larger 21,875 square foot building. The space includes private restrooms, central air conditioning and heating, and fresh paint. High, open exposed ceilings and ductwork add to the modern aesthetic. The landlord will install new flooring. This prime location offers exceptional convenience, being just one mile from UNLV and the Thomas and Mac Center, 1.2 miles from the airport access onto Tropicana Avenue, and only two miles from the Las Vegas Strip. The property's strategic placement and modern amenities make it an ideal location for a variety of businesses. This is a rare opportunity to secure a well-maintained, highly visible office space in a thriving Las Vegas location. The cross street is Spencer Avenue.

• CAP approach

  CAP return

  Valuation

  6%

  $3,133,576

  6.5%

  $2,892,532

  7%

  $2,685,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,443,133

  Geo Method

  $5,443,133

• Alternative Use

  Use

  Valuation

  Residential

  $2,439,959

  Hospitality

  $2,234,989

  Educational

  $1,859,485

  Medical

  $1,923,435

  Retail

  $2,892,532

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1005

Longitude

-115.126

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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