914 Main StLas Vegas, NV 89101

For Lease
$24/SF/YR

Las Vegas Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional retail property, located in Las Vegas' vibrant Arts District (914 S Main St, Unit B), presents a compelling investment opportunity. The 6,400 square foot building, constructed in 1962 and extensively renovated in 2023, features two suites. Currently, one suite houses a thriving restaurant and bar, while the other, a vacant 2,400 square foot space with a 500 square foot patio, is available for lease at $27.00 per square foot. The property sits on a 0.37-acre lot (16,170 square feet) and is zoned C-M. The building is single-story with no elevators and offers limited parking (2.1 spaces per 1,000 square feet). Its prime location in the Arts District, known for its art galleries, shops, and culinary scene, ensures high foot traffic and visibility. The property's proximity to popular attractions like the Fremont Street Experience and Neon Museum further enhances its appeal. The vacant suite presents a unique opportunity for a variety of businesses, including lounges, cannabis stores, art exhibits, or boutique firms. This Class C property offers a strong value proposition, given its recent renovation and below-market rental rates in a rapidly developing area. The property's APN is 139-33-811-003.

Highlights

  • Asking Price: $2,950,000
  • Projected Cap Rate: 5.45%
  • Price Per Square Foot: $460.94
  • Net Rentable Area: 6,400 Square Feet
  • Lot Size: 0.37 Acres
  • Parking Ratio: 2.1 spaces per 1,000 square feet

Property Details for 914 Main St

Property type
Restaurants, Other retail properties
RSF (Rentable sq. ft)
6,400 SF
Class
C
Year Built/Renovated
1962/2023
Buildings
1
Stories
1

Unit(s) available at that property

Space
914 S Main Street Unit B
Size
2,400 SF
Rate per SF
$24

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.16201729
Longitude
-115.15289728
914 Main St, Las Vegas, Nevada

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914 Main St
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