320 S. 3rd St. | 320 S 3rd St
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320 S. 3rd St. 320 S 3rd St
4,200 SF Office Building Las Vegas, NV 89101 £992,023 (£236/SF)
Investment Highlights
- PRIME LOCATION: Located just 3 blocks from the Fremont Street Experience, this Property is positioned to benefit from high foot traffic & visibility.
- STRONG DEMOGRAPHICS: The Property is located in a densely populated area, with 531,062 residents in a 5-mile radius.
- INCOME TAX FREE STATE: Nevada has no state income tax.
- SECURED PARKING LOT: The Property features a secure parking lot, providing dedicated parking in a densely populated urban environment.
- OPPORTUNITY ZONE: 320 S. 3rd St. is located in an Opportunity Zone, which provides tax incentives for investors.
Executive Summary
The Investment Services Group (ISG) has been exclusively retained to offer for sale 320 S. 3rd St., a vacant retail building located in the heart of Downtown Las Vegas. The Property offers a prime opportunity for Owner-Users or Investors, located just three blocks away from the iconic Fremont Street Experience. The offering consists of a ±4,200 square-foot building situated on ±0.17 acres, including a secured parking lot. Built in 1959, this building provides a unique chance to repurpose a space in a densely populated area, with approximately 531,062 residents living within a 5-mile radius. The Property’s central location, just minutes from Las Vegas' downtown entertainment district, makes it an ideal candidate for a wide range of retail uses.
Link to OM: https://logiccre.com/1031_properties/vacant-owner-user-retail-building-in-downtown-las-vegas/
Link to OM: https://logiccre.com/1031_properties/vacant-owner-user-retail-building-in-downtown-las-vegas/
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
4,200 SF
Building Class
B
Year Built
1959
Price
£992,023
Price Per SF
£236
Tenancy
Single
Number of Floors
1
Typical Floor Size
4,200 SF
Building FAR
0.57
Land Acres
0.17 AC
Opportunity Zone
Yes
Zoning
C2, Las Vegas
Parking
10 Spaces (2.38 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 139-34-210-060 | Improvements Assessment | £52,413 |
| Land Assessment | £75,661 | Total Assessment | £128,074 |
PROPERTY TAXES
Parcel Number
139-34-210-060
Land Assessment
£75,661
Improvements Assessment
£52,413
Total Assessment
£128,074
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320 S. 3rd St. | 320 S 3rd St
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