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Flamingo Courtyard 3085 E Flamingo Rd

8,334 SF 23% Leased Retail Building Las Vegas, NV 89121 £1,755,578 (£211/SF) 6.94% Net Initial Yield

Investment Highlights

  • ±8,334 SF storefront retail/office building with additional income (contact broker for details)
  • Exceptional owner/user and value-add opportunity
  • Fully built-out as standard office; can be converted into storefront retail
  • SBA 504(b) financing available with only 10% down payment (must occupy more than 51%, or 4,250 Sq.Ft.)

Executive Summary

Prime investment opportunity for owner/user medical practitioner seeking ownership with additional income, or a value-add investor aiming to stabilize and increase occupancy. SBA 504(b) financing available with only 10% down payment. Contact broker for additional details.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,334 SF
Building Class
B
Year Built/Renovated
1992/2016
Price
£1,755,578
Price Per SF
£211
Net Initial Yield
6.94%
NOI
£121,895
Percent Leased
23%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.28
Land Acres
0.68 AC
Zoning
CG - Commercial General (CG)
Parking
29 Spaces (3.48 Spaces per 1,000 SF Leased)
Frontage
105 ft on Flamingo Rd

Amenities

  • 24 Hour Access
  • Bus Route
  • Corner Lot
  • Signage
  • Monument Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • A
  • 3,985 SF
  • Office/Medical
  • End Cap
  • Now

Medical office space available between ±2,464 - 6,649 Sq.Ft. if you want to combine both units. This unit does NOT include wet exam rooms. End-cap space with plenty of natural light and E. Flamingo Road frontage featuring 16 private offices, 3 bathrooms, large entrance/waiting room, reception, conference room, an open office area adjacent to the waiting room, IT room, and electrical room.

  • B
  • 2,464 SF
  • Office/Retail
  • End Cap
  • Now

Office space available between ±2,464 - 6,649 Sq.Ft. if you want to combine both units. Features a large open workspace, 6 private offices, dining and kitchen area, a bathroom and shower.

Space Size Space Use Position Available
A 3,985 SF Office/Medical End Cap Now
B 2,464 SF Office/Retail End Cap Now

A

Size
3,985 SF
Space Use
Office/Medical
Position
End Cap
Available
Now

B

Size
2,464 SF
Space Use
Office/Retail
Position
End Cap
Available
Now

A

Size 3,985 SF
Space Use Office/Medical
Position End Cap
Available Now

Medical office space available between ±2,464 - 6,649 Sq.Ft. if you want to combine both units. This unit does NOT include wet exam rooms. End-cap space with plenty of natural light and E. Flamingo Road frontage featuring 16 private offices, 3 bathrooms, large entrance/waiting room, reception, conference room, an open office area adjacent to the waiting room, IT room, and electrical room.

B

Size 2,464 SF
Space Use Office/Retail
Position End Cap
Available Now

Office space available between ±2,464 - 6,649 Sq.Ft. if you want to combine both units. Features a large open workspace, 6 private offices, dining and kitchen area, a bathroom and shower.

Nearby Major Retailers

America First Credit Union
Chase Bank
Planet Fitness
Starbucks
Mariana's Supermarkets
Red Lobster
Smart & Final
Dutch Bros
IHOP
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
162-24-513-003
Land Assessment
£89,978
Improvements Assessment
£200,027
Total Assessment
£290,006
  • Listing ID: 33831675

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 3085 E Flamingo Rd, Las Vegas, NV 89121

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