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Las Vegas, Nevada

Las Vegas, Nevada

Asking Price: $2,950,000 | 5.45% Cap

Type: Dispensary Eligible

Size: 6,400 sqft. | 2,400 sqft. Lease Avail.

- Full description below -
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Las Vegas, Nevada

 

🍻 ARTS DISTRICT GEM - PRIME INVESTMENT OPPORTUNITY 🎨

Discover the allure nestled within the vibrant Arts District of Downtown Las Vegas. This prime investment beckons with its strategic location, high traffic volume, and close proximity to renowned attractions, creating a melting pot of experiences.

🎨 PROPERTY HIGHLIGHTS 🎨

  • Sale Type: Investment or Owner User
  • Property Type: Retail
  • Property Subtype: Restaurant
  • Building Size: 6,400 SF
  • Building Class: C
  • Year Built/Renovated: 1962/2023
  • Price: $2,950,000
  • Price Per SF: $461
  • Cap Rate: 5.45%
  • NOI: $160,800
  • Percent Leased: 63%
  • Tenancy: Multiple
  • Building Height: 1 Story
  • Building FAR: 0.40
  • Land Acres: 0.37 AC
  • Zoning: C-M - Mixed Commercial
  • Parking: 8 Spaces (1.25 Spaces per 1,000 SF Leased)
  • Frontage: 65 FT on S Commerce St

🎨 VIBRANT ARTS DISTRICT 🎨

Positioned in the Arts District, this property is the epitome of urban allure. The energetic atmosphere draws a diverse mix of art enthusiasts, food connoisseurs, and those seeking vibrant nightlife. With galleries, trendy shops, entertainment venues, and a burgeoning culinary scene, it's a dynamic neighborhood with endless possibilities.

🍻 CIN CIN BREWHOUSE & SEAFOOD BAR 🍤

At the heart of the property lies the Cin Cin Brewhouse & Seafood Bar, an exquisite culinary destination. Helmed by renowned chef Virakone Vongphachanh ("Chef V"), this restaurant offers a unique dining experience. With a delectable menu, innovative cocktails, and stylish ambiance, it's set to become a sought-after locale for locals and tourists alike.

🎨 SUITE B: A BLANK CANVAS 🎨

Suite B offers a vacant 2,400 SF grey-shell retail space with a 500 SF patio. This versatile space holds immense potential, making it ideal for a lounge, cannabis store, art exhibit, or boutique firm. Its strategic location within the Arts District provides an enticing canvas for creative entrepreneurs.

🍻 INVESTMENT POTENTIAL 🍻

Investing means seizing the opportunity to capitalize on the Arts District's rising popularity. With a prime location, value-add opportunities, and below-market rents, this property holds the promise of an enticing return on investment.

🎨 UNLEASH YOUR CREATIVE SPIRIT 🎨

Don't miss your chance to be part of the vibrant transformation of the Arts District. Embrace the unique experiences, investment potential, and dynamic energy that 914 South Main Street has to offer. Contact us today to uncover more about this exciting investment opportunity! 🎨🍻🏙

Market Intelligence Property

This opportunity is included as part of GreenZones' ongoing coverage of cannabis commercial real estate activity in this market.

View the complete market overview, licensing data and additional opportunities:
Nevada Market Intelligence → https://www.greenzones.us/nevada

Interested in this property? Use Connect with Listing Broker above and GreenZones will help route your inquiry to the appropriate property contact when available.

Are you the listing broker or property representative?
Manage or market this opportunity with GreenZones. Explore Placement Options → https://www.greenzones.us/add-listing

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