LAS VEGAS STRIP RESORT CORRIDOR RETAIL FOR SALE TURNBERRY TOWER CONDOS LAS VEGAS COUNTRY CLUB HILTON GRAND VACATIONS SUBJECT MONORAIL STATION TAKE THE TOUR E. SAHARA AVE. // 50,000 CPD GINO VINCENT, CCIM Vice President 702.954.4113 gvincent@logiccre.com MARINA ARRIOLA Associate 702.954.4103 marriola@logiccre.com 2545 LYNNWOOD ST.
PROPERTY OVERVIEW PROPERTY SUMMARY This property is in excellent condition and has been newly renovated with a brand-new storefront, fresh paint, and a resurfaced parking lot consisting of 27 parking spaces. The interior has a flexible, open floor plan allowing the building to be demised into as many as 4 suites with separate restrooms and has two electrical meters servicing the building. Suites A-C are serviced to one meter and suite D is on a separate meter. This is a great owner/user or value-add opportunity within the resort corridor less than ½ mile from the Las Vegas Strip & the Las Vegas Convention Center and is surrounded by numerous multifamily rooftops. This property is also zoned H-1 (Limited Resort and Apartment), which is the most desirable zoning in the Las Vegas Valley. Zoning can accommodate most general retail tenants making this an excellent opportunity for a number of retail users. Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof
PROPERTY DETAILS SALE DETAILS Asking Price: $639,000 Size: +/- 4,230 SF Acreage: +/- 0.30 AC Property Type: General Commercial - Retail PROPERTY HIGHLIGHTS Newly Renovated: This property has been newly renovated with an entirely new storefront, resurfaced parking lot, & fresh paint. Owner/User or Value-Add Opportunity: Surrounded by numerous multifamily rooftops making this an excellent owner/user or value-add opportunity. Flexible Floor Plan: The building has an open floor plan with 4 separate restrooms providing flexibility to demise the building to accommodate a wide range of tenants. It can be demised into as many as 4 suites. DEMOGRAPHICS POPULATION 1-mile 3-mile 5-mile 2018 Population 17,814 172,838 506,977 HOUSEHOLDS 1-mile 3-mile 5-mile 2018 Households 7,928 68,019 179,536 Ample Parking: Ample parking available consisting of 27 total parking spaces. High Traffic Counts: Near Sahara Ave. with high traffic counts of +/- 50,000 cars per day. Resort Corridor Location: Less than +/- 1/2 mile from the Las Vegas Strip and Las Vegas Convention Center. Desirable Zoning: H-1 zoned - The most desirable zoning in the valley. INCOME 1-mile 3-mile 5-mile 2018 Average HH Income $57,636 $47,364 $50,183 Updated: 12.06.18 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof
AERIAL MAP S. EASTERN AVE. // 35,225 CPD S. MARYLAND PKWY. // 41,038 CPD 00 C 51,9 D. // BLV S VE GAS S. L A RIP ST AS EG SV LA THE LAS VEGAS COUNTRY CLUB E. DESERT INN RD. // 33,000 CPD LAS VEGAS NATIONAL GOLF COURSE CALIDA +/- 350 MULTI-FAMILY UNITS LOGIC REAL ESTATE 3900 S. HUALAPAI WAY, SUITE thereof 200 LAS VEGAS, NV 89147 P: 702.888.3500 WWW.LOGICCRE.COM EstateCOMMERCIAL makes no guarantees, warranties or representation as to the completeness or accuracy Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. WY WESTGATE HOTEL AND CASINO RH TURNBERRY CONDO TOWERS DE E. SAHARA AVE. // 59,156 CPD UL SUBJECT BO PD
AERIAL MAP LAS VEGAS STRIP TURNBERRY TOWER CONDOS LAS VEGAS COUNTRY CLUB HILTON GRAND VACATIONS SUBJECT MONORAIL STATION E. SAHARA AVE. // 50,000 CPD Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof
SITE PLAN (NAP) PUBLIC RIGHT OF WAY SUBJECT +/- 4,230 SF LYNNWOOD ST. Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof
PROPERTY PHOTOS Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof
ADDITIONAL SERVICES We provide a host of services to our clients that include Property Management and Capital Markets. PROPERTY MANAGEMENT LOGIC Property Management team members are tenured professionals with a comprehensive knowledge and understanding of commercial real estate management. We methodically approach each assignment with customized management strategies that meet the client s needs, maintain the property s physical plant, and effectively service tenants. We know our priority is to cooperate with our tenants by working intelligently to reduce expenses and to serve our owner-clients by identifying creative ways to drive income. We provide for accountability in every step we take, from management to accounting. Logic Property Management will pinpoint a client s goals and objectives, meet challenges, and achieve expected results from your investment. Contact: LAUREN VANISKI Director of Property Management 702.954.4106 laurenv@logiccre.com CAPITAL MARKETS LOGIC Capital Markets is a preferred funding source for investors, developers and operators of commercial real estate. Our loan brokerage service & origination platform provide our clients access to the market s wide range of competitive products for all property types. Through our relationships which include banks, conduits, life companies, mortgage funds, and hard money lenders, we are able to offer debt and equity financing for the purpose of acquisition, development, refinance, buyouts, and more. Contact: JEFF MAHONEY 702.954.4131 jmahoney@logiccre.com LOGIC COMMERCIAL REAL ESTATE 3900 S. HUALAPAI WAY, SUITE 200 LAS VEGAS, NV 89147 P: 702.888.3500 WWW.LOGICCRE.COM Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof