2300 Western AveLas Vegas, NV 89102

For Sale
$6,950,000

High-yield 76 station, C-store, auto shops.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a thriving multi-tenant retail complex in Las Vegas, Nevada. The property encompasses a newly renovated 3,915 square foot building on a 0.7-acre lot, featuring a brand-new 76-branded fueling station with eight dispensers providing three grades of gasoline, on-road and off-road diesel, DEF, and propane. Completed in 2024, the property also includes a newly constructed 1,670 square foot building with two roll-up doors, designed to accommodate additional automotive-related businesses. Four drive-thru bays are also available, ideal for quick-lube or similar operations. The property boasts five tenants with a 95% occupancy rate, generating a strong net operating income (NOI) of $822,000 and a 11.83% cap rate. Two dedicated food/coffee truck spaces are projected to yield an additional $7,000 per month in revenue. The property is zoned M (Industrial) within a Las Vegas redevelopment area, potentially eligible for city incentives. Built in 1965 with renovations completed in 2024, this Class B property is offered at $6,950,000. Owner will consider owner-will-carry financing, ground lease, or lease-to-own options. The 2024-2025 real estate taxes are $5,412.36. The property's prime location, just north of West Sahara Avenue, east of US I-15, and with frontage on two well-traveled streets, ensures high visibility and accessibility. Included in the sale are the point-of-sale system, shelves, pumps, general lube equipment, propane tanks, cash register, underground fuel tanks, compressor, trash cans, receptacles, and dumpsters.

Highlights

  • Brand new 76-branded fueling station, estimated completion Q4 2024.
  • Approximately 3,915 square feet of improvements on a 0.7-acre lot, including a new building with two roll-up doors and four drive-thru bays for additional automotive businesses.
  • Eight fueling dispensers offering three grades of gasoline, on-road and off-road diesel, DEF, and propane.
  • Multiple revenue streams, including two dedicated food/coffee truck spaces projected to yield $7,000/month.
  • Excellent location north of W. Sahara Ave., east of US I-15, with frontage on two streets; City of Las Vegas M (Industrial) zoning, located within a redevelopment area, potentially eligible for incentives.
  • Owner financing (OWC) available with negotiable terms; ground lease or lease-to-own options also considered. 2024-2025 Real Estate Taxes: $5,412.36.

Property Details for 2300 Western Ave

Property type
Other retail properties, Automotive properties
Square Feet
3,915 SF
Class
B
Year Built/Renovated
1965/2024
Buildings
2
Stories
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.146741913611
Longitude
-115.16584051116
2300 Western Ave, Las Vegas, Nevada

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2300 Western Ave
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