5625 Valley View BlvdLas Vegas, NV 89118

Property Details for 5625 Valley View Blvd

Year built

1979

Construction

CONCRETE

Lot size

1.59 AC

Property size (Sq ft)

21,600 SF

Property type

Industrial properties

Property subtype

Other industrial properties

APN

162-30-802-009

APU

16230802009

Description

This exceptional redevelopment opportunity presents a 44,000-square-foot warehouse situated on a 3.53-acre lot in Las Vegas, Nevada. Ideally located at 5625 S Valley View Blvd, this property enjoys a prominent position across from Allegiant Stadium, offering significant potential for future development. The existing Class C warehouse, built in 1979, features five loading docks, one dock-high door, and a 20-foot ceiling height. Currently zoned M-1, this multi-tenant property boasts 4 units and is offered at an asking price of $15,000,000 with a 2.50% cap rate. The current lease is a NNN (Net, Net, Net) agreement with a tenant leaseback for two years at a rate of $0.70 per square foot. This presents a unique chance to acquire a substantial industrial asset in a high-growth area with significant upside potential. The property's strategic location near Allegiant Stadium and its substantial size make it an attractive investment for developers seeking a high-impact project. The existing warehouse provides immediate income while redevelopment plans are underway. This is a rare opportunity to capitalize on the burgeoning Las Vegas market. The property's 44,000 net rentable square feet offer ample space for a variety of redevelopment scenarios. Don't miss this chance to acquire a significant piece of Las Vegas real estate.

• Alternative Use

  Use

  Valuation

  Residential

  $5,371,110

  Hospitality

  $4,919,908

  Educational

  $4,093,305

  Medical

  $4,234,080

  Retail

  $6,367,364

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.0874

Longitude

-115.191

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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