1375 E Tropicana Ave - Restaurant FOR SALE


Las Vegas, NV 89119
$4,000,000 USD
248-495-7586
1375 E Tropicana Ave, Las Vegas, NV for Sale
$4,000,000 USD
Restaurant - FOR SALE
1/14
null | Request Cap Rate

NEW


1375 E Tropicana Ave
Las Vegas, NV 89119


HIGHLIGHTS

  • ±8,794 SF freestanding second generation restaurant
  • Located across from UNLV and Thomas & Mack Center
  • Fully equipped restaurant space with existing kitchen, hood system, grease trap and large walk-in coolers
  • Strong traffic counts exceeding ±75,000 CPD at the intersection of E. Tropicana and S. Maryland Pkwy
  • Large pylon sign opportunity
  • Potential to combine with adjacent parcel at 1395 E Tropicana Ave for a larger development opportunity; combined land size total ±2.05 AC

OVERVIEW

LOGIC Commercial Real estate is proud to present this prime restaurant opportunity in the heart of Las Vegas' university district. This turnkey ±8,794 SF former Macayo's restaurant sits on ±1.28 acres directly across from UNLV and the Thomas & Mack Center. The fully-equipped space features an existing kitchen with hood system, walk-in coolers, and grease trap. Located just ±1.8 miles east of the Las Vegas Strip, the property benefits from excellent visibility at a busy intersection with ±75,000 combined CPD and prominent pylon signage opportunities. The strategic location taps into a robust customer base with 26,505 residents within one mile and an average household income of $60,122. The property offers abundant parking at a 10:1 ratio and potential for expansion - an adjacent ±0.77-acre parcel can be combined to create a ±2.05-acre development opportunity with ±215 linear feet of frontage on Tropicana Avenue. This established restaurant site presents an exceptional opportunity in a high-traffic area near Harry Reid International Airport, with strong demographics and significant development potential.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

CG

APN/PARCEL ID

162-26-101-005

ASK ABOUT THIS PROPERTY

Landon TenwoldeLogic Commercial Real EstateMore Info
248-495-7586

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

Landon TenwoldeLogic Commercial Real EstateMore Info
248-495-7586

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