1519-1529 Industrial Rd - Warehouse FOR SALE


Las Vegas, NV 89102- Arts District
$3,950,000 USD
702-592-9400
1519-1529 Industrial Rd, Las Vegas, NV for Sale
$3,950,000 USD
Warehouse - FOR SALE
1/9
null | 4.27% Cap Rate

1519-1529 Industrial Rd
Las Vegas, NV 89102
Arts District


OVERVIEW

Prime Investment Opportunity in Las Vegas' Hottest Emerging Area This property is perfectly positioned in one of the most exciting and rapidly developing neighborhoods in Las Vegas. While many of the units are currently rented, each lease can be terminated with just 30 days' notice, offering immediate flexibility for a new owner. Located at the gateway to Las Vegas' next hot spot, this property is surrounded by major developments that will enhance its value in the coming years. Just across the street, a distillery and bar are under construction, bringing vibrant nightlife to the area. To the north-east, two large-scale projects are already underway, with cranes in place and construction in full swing. Additionally, a 300+ unit mixed-use residential and hotel development has been approved for the adjacent block, setting the stage for a dynamic, live-work-play environment. The property is situated in the Special Improvement District, which guarantees ongoing investment in infrastructure and public services. The formerly industrial area is seeing exciting growth, with Industrial Road now extended all the way to Charleston Blvd. Plus, you'll have quick access to the freeway, just two minutes away. Recent upgrades to the sewer lines further enhance the site's potential, and with the rapid transformation of the surrounding area, this is an opportunity you won't want to miss. If you don’t act now, you may find yourself wishing you had in just five years.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

4.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

UTILITIES

Lighting - Fluorescent, Gas, Water - City, Sewer - City, Heating

CLEAR CEILING HT

17 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.51

LAND SF

22,216

ZONING

M, Las Vegas

APN/PARCEL ID

162-04-608-006

ASK ABOUT THIS PROPERTY

Lane HolmesProperties Plus Referral NetworkMore Info
702-592-9400

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Lane HolmesProperties Plus Referral NetworkMore Info
702-592-9400

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