4885 Flamingo RdLas Vegas, NV 89121

For Sale
$2,888,000

Prime Retail Investment: Auto Shop, Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity: a combined 8,068 square foot auto shop and convenience store located at 4885 E Flamingo Rd, Las Vegas, NV 89121. This fee-simple property sits on a substantial 27,007 square foot lot, zoned C-1, allowing for diverse commercial uses. The existing building, constructed in 1977 and renovated in 2004, comprises three single-story structures. Currently configured as an auto shop, it includes lifts and machinery, which are included in the sale. The asking price is $2,888,000, with a pro-forma NOI of $192,000 and a 6.65% cap rate. The property features a short-term lease expiring May 31, 2025, making it ideal for an owner-user. Its high-traffic location at the intersection of Flamingo Road and Boulder Highway in Clark County provides excellent visibility and accessibility. The property's strategic location benefits from Las Vegas's robust population growth and proximity to major transportation arteries. This turnkey operation presents a rare chance to acquire a well-established business with significant upside potential. The sale includes existing tools, parts, and machinery. Serious inquiries only. Do not disturb the occupant.

Highlights

  • 8,068 SF retail building on a 27,007 SF lot, suitable for an auto shop and convenience store.
  • High-traffic corner location at Flamingo and Boulder Highway in Las Vegas, NV.
  • C-1 zoning allows for diverse commercial uses, including auto repair, car washes, and dealerships.
  • Includes existing lifts and machinery; seller leaving tools and parts.
  • $2,888,000 asking price, 6.65% pro-forma cap rate, $192,000 pro-forma NOI.

Property Details for 4885 Flamingo Rd

Property type
Other retail properties, Individual retail properties
Class
B
Year Built/Renovated
1977/2004
Buildings
3
Stories
1
Units
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.114258071484
Longitude
-115.06713694473
4885 Flamingo Rd, Las Vegas, Nevada

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4885 Flamingo Rd
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