4636 Wynn RdLas Vegas, NV 89103

  • Retail properties
  • 12,406 SF
For Sale
$6,500,000 View listing

Property Details for 4636 Wynn Rd

Year built
2007
Construction
FRAME
Lot size
1.13 AC
Property size (Sq ft)
12,406 SF
Property type
Retail properties
Property subtype
Bars
APN
162-19-702-010
APU
16219702010

Description

This exceptional two-story nightclub, situated on a 1.13-acre lot at 4636 S Wynn Rd, Las Vegas, NV 89103, presents a lucrative investment opportunity. Boasting 12,240 square feet of net rentable space, this 2007-built establishment is ideally located near the Las Vegas Strip, Allegiant Stadium, T-Mobile Arena, and the future Las Vegas A's stadium. The property underwent extensive renovations, featuring state-of-the-art lighting, sound, and stage equipment, along with two full-service bars, one on each level. It's fully permitted for cabaret, gaming, liquor service, restaurant operations, and hookah, offering significant operational flexibility. The substantial lot size provides ample room for future expansion or development. The property has a 9.68/1000 parking ratio. Seller financing may be available, subject to terms and conditions and buyer qualification. This is a turnkey operation in a high-demand entertainment district, offering significant potential for growth and return on investment. The property is zoned IL (Industrial Light).

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,961,866
    6.5%
    $3,657,107
    7%
    $3,395,885
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,263,566
    Geo Method
    $6,263,566
  • Alternative Use

    Use
    Valuation
    Residential
    $3,084,907
    Hospitality
    $2,825,758
    Educational
    $2,350,998
    Medical
    $2,431,852
    Retail
    $3,657,107
4636 Wynn Rd, Las Vegas, Nevada

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1057
Longitude
-115.194
CBSA code
29820
CBSA name
LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,552
$206,737
$781,659
$988,396
-
$590,677
$2,233,311
$2,823,988

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