1151 S Buffalo Dr - Retail FOR SALE


Las Vegas, NV 89117- Canyon Gate
$7,614,000 USD
248-495-7586
1151 S Buffalo Dr, Las Vegas, NV for Sale
$7,614,000 USD
Retail - FOR SALE
1/4
null | 7% Cap Rate

1151 S Buffalo Dr
Las Vegas, NV 89117
Canyon Gate


OVERVIEW

LOGIC Commercial Real Estate presents Charleston Buffalo Plaza, a stabilized retail investment opportunity strategically located at the intersection of S. Charleston Blvd. and S. Buffalo Dr. This ±31,144 SF retail center benefits from excellent visibility and combined traffic counts of ±65,000 CPD, offering investors a stabilized asset that has achieved 92.8% occupancy through a strategic tenant mix of internet-resistant, service-oriented businesses. The property's recent leasing momentum and improved cash flow metrics demonstrate its strong market position and appeal to quality tenants. Situated near affluent Summerlin, the center serves a dense customer base of ±487,690 residents within a 5-mile radius, with an average household income of ±$97,600 within a 1-mile radius, while benefiting from its proximity to major retail destinations including Red Rock Casino, Downtown Summerlin, Boca Park and Tivoli Village. The property is also situated near Section 10, one of Las Vegas' most desirable neighborhoods known for its upscale residential developments, custom homes, and prime location between Summerlin and the Las Vegas Strip. The property comprises three multi-tenant buildings on 2.14 acres: • 1151 S. Buffalo Dr.: Two-story building with ±4,660 SF of retail space (1st floor) and ±4,200 SF of office space (2nd floor) • 1171 S. Buffalo Dr.: ±4,630 SF fully-leased building with three tenants • 1181 S. Buffalo Dr.: ±17,654 SF anchor building

FOR SALE DETAILS

PRICE

$7,614,000 USD

PRICE/SF

$859 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charleston Buffalo Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

CROSS STREETS

Charleston

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C-1, Las Vegas

APN/PARCEL ID

163-04-510-008,163-04-510-009,163-04-510-010

ASK ABOUT THIS PROPERTY

Landon TenwoldeLogic Commercial Real EstateMore Info
248-495-7586

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Landon TenwoldeLogic Commercial Real EstateMore Info
248-495-7586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.