1801 S Rainbow Blvd - Storefront Retail/Office FOR SALE


Las Vegas, NV 89146- Canyon Gate
$1,980,000 USD
312-927-9929
1801 S Rainbow Blvd, Las Vegas, NV for Sale
$1,980,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 6% Cap Rate

1801 S Rainbow Blvd
Las Vegas, NV 89146
Canyon Gate


HIGHLIGHTS

  • Prime Corner Location at S Rainbow Blvd & W Oakey Blvd
  • High Traffic Exposure – 54,000 vehicles per day on Rainbow Blvd
  • Built in 2001 with LED lighting upgrades completed in 2024 (interior, exterior, and parking lot)
  • Wraparound Balcony on the Second Floor
  • Ample Parking and Marquee Signage for Maximum Visibility
  • Security System Installed for Full-Building Coverage

OVERVIEW

eXp Commercial is presenting an exceptional investment opportunity on the hard corner of S Rainbow Blvd & W Oakey Blvd, just steps from a signalized intersection with 54,000 vehicles per day along Rainbow Blvd. This ±13,315 SF two-story mixed-use building sits on ±0.87 acres of land and offers strong in-place income with significant upside potential. Built in 2001 and well-maintained with major upgrades completed in 2024, including LED lighting throughout (interior, exterior, and parking lot). Ground floor retail is 100% leased to long-term tenants, providing stable cash flow. Second floor office is elevator-served, with two units currently leased and the remaining space vacant and ready for lease-up, offering an opportunity to increase NOI and enhance returns. Features include a wraparound balcony on the second floor, ample parking, and a marquee signage opportunity for visibility. The property is fully equipped with a security system covering the entire building. Zoned C-1 (Limited Commercial) under unincorporated Clark County—allowing for a range of retail, office, and service uses. Attractive Financing Option – Assumable Loan Approximately $1,000,000 remaining loan balance 4.25% fixed interest rate Loan maturity date: 9/1/2031 Monthly debt service: $6,040 (Principal + Interest) DSCR: 1.25 Potential buyers may assume the existing loan, offering favorable terms compared to today’s lending environment and enhancing cash-on-cash returns. Whether you’re an investor seeking stable cash flow with value-add upside, or an owner-user, or a 1031 exchange buyer looking for a strong location with favorable financing, 1801 S Rainbow Blvd is a compelling asset in the heart of Las Vegas. Office owner-users can occupy the available second-floor office suites while enjoying steady income from the fully leased ground-floor retail, making this a hybrid investment and occupancy play. Contact Listing Broker for Financials, Rent Roll, or to Schedule a Private Tour.

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rainbow Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

C-1

APN/PARCEL ID

163-03-703-007

ASK ABOUT THIS PROPERTY

Jenny LieXp CommercialMore Info
312-927-9929

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Jenny LieXp CommercialMore Info
312-927-9929

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