3075 E Flamingo Rd - Storefront Retail/Office FOR SALE


Las Vegas, NV 89121- Paradise Valley East
$5,250,000 USD
702-580-9800
3075 E Flamingo Rd, Las Vegas, NV for Sale
$5,250,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 7.94% Cap Rate

3075 E Flamingo Rd
Las Vegas, NV 89121
Paradise Valley East


HIGHLIGHTS

  • Built in 1985; renovated in 2016
  • Diverse tenant mix: gym, church, salon suites, insurance, and accounting offices
  • Less than a 15-minute drive to and from the major interstates, Harry Reid International Airport, and the Las Vegas Strip

OVERVIEW

Coldwell Banker Commercial Premier proudly presents Flamingo Courtyard for exclusive acquisition—an opportunistic ±36,601 square foot multi-tenant retail/office property offering exceptional investment potential. Constructed in 1985 and renovated in 2016, this asset combines prime location and high occupancy to deliver robust cash flow, with significant opportunities to enhance curb appeal, re-tenant spaces, and increase rents for long-term value appreciation. This neighborhood center is fully leased with a WALT of two and a half (2.5) years, making it an attractive opportunity for value-add investors. The property is anchored by Movement Fitness, which occupies sixty-seven (67%) percent of the center, invested a significant amount into tenant improvements, and recently signed a five-year renewal. Additional tenants include a church, private salon suites, Allstate insurance agency, and an accounting firm, showcasing a well-rounded tenant mix. Flamingo Courtyard is strategically located in the affluent, established area of Central East Las Vegas. Situated in between S. Eastern Avenue & S. Pecos Road with frontage along a busy E. Flamingo Road boasting an average daily traffic count of ±43,000. The asset is less than a 15-minute drive to and from the Harry Reid International Airport, Interstate-15, Interstate-215, and the Las Vegas Strip. For further details, refer to the Offering Memorandum or contact broker, thanks!

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

7.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flamingo Courtyard

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

139

LAND DETAILS

LAND ACRES

3.11 AC

LAND SF

135,472 SF

ZONING

CG

APN/PARCEL ID

162-24-513-001

ASK ABOUT THIS PROPERTY

Lucas Mojonnier, CCIMColdwell Banker Premier RealtyMore Info
702-580-9800

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Lucas Mojonnier, CCIMColdwell Banker Premier RealtyMore Info
702-580-9800

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