2439 Decatur BlvdLas Vegas, NV 89108

For Sale
$1,350,000

Established Auto Repair Shop, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a well-established auto repair shop in Las Vegas, Nevada. The property, located at 2439 N Decatur Blvd, boasts 2,880 square feet on a 0.25-acre lot, zoned C-1. The building, constructed in 1994, is a two-story Class B structure with a single tenant currently enjoying 100% occupancy until April 30, 2024. The property features four repair bays, a secure rear yard, a standard office, reception area, and bathroom. High ceilings in the bay area and up-to-date equipment are key features. This family-run business, operating for over 30 years, offers a compelling value-add investment opportunity. The asking price is $1,350,000, representing a price per square foot of $468.75 and a land value of $468.62/SF. The property's strong performance is reflected in its attractive 6.22% cap rate. The net lease structure provides a straightforward investment with minimal management responsibilities. This turnkey operation presents a rare chance to acquire a profitable business and valuable real estate in a desirable Las Vegas location. The property's parcel number is 138-13-801-082.

Highlights

  • Established auto repair shop in Las Vegas, NV.
  • 2,880 SF building on a 0.25-acre lot, zoned C-1.
  • Class B, two-story building constructed in 1994 with four repair bays.
  • 100% occupancy until April 30, 2024, with a net lease structure.
  • Asking price: $1,350,000 ($468.75/SF, $468.62/SF land value), 6.22% cap rate.

Property Details for 2439 Decatur Blvd

Property type
Other retail properties, Automotive properties
Square Feet
2,880 SF
Class
B
Year Built
1994
Buildings
1
Stories
2
Lot Size (sq. ft)
10,890 SF
Units
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.2035203
Longitude
-115.2062148
2439 Decatur Blvd, Las Vegas, Nevada

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2439 Decatur Blvd
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