6105 Tropicana AveLas Vegas, NV 89103

Property Details for 6105 Tropicana Ave

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.41 AC

Property size (Sq ft)

40,656 SF

Property type

Retail properties

Property subtype

Strip malls

APN

163-26-501-004

APU

16326501004

Description

This exceptional retail opportunity is located at the southwest corner of Tropicana and Jones, a major intersection in a high-density area. The Towne Center at Trop & Jones offers a variety of spaces, with a minimum divisible size of 1,200 square feet and a maximum contiguous space of 6,000 square feet. The center boasts a recently remodeled building totaling 66,093 square feet, featuring a dynamic mix of national and regional tenants, including O'Reilly Auto Parts. The property benefits from excellent visibility and ample parking, ensuring convenient access for customers. Its strategic location at a high-traffic intersection provides exceptional exposure. Monument signage is available on both Tropicana and Jones boulevards, maximizing brand visibility. The property is zoned C-2 and features easy ingress and egress, making it an ideal location for a variety of retail businesses. The approximately 6,000 square feet of open showroom space is currently available. Strong demographics further enhance the property's appeal. The Assessor's Parcel Number (APN) is 16326501004, and the property is situated in the Southwest submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $12,983,526

  6.5%

  $11,984,793

  7%

  $11,128,737

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,526,482

  Geo Method

  $20,526,482

• Alternative Use

  Use

  Valuation

  Residential

  $10,109,621

  Hospitality

  $9,260,359

  Educational

  $7,704,510

  Medical

  $7,969,480

  Retail

  $11,984,793

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.099

Longitude

-115.226

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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