319 S 3rd St - Loft/Creative Space FOR SALE


Las Vegas, NV 89101- Downtown Las Vegas
$4,700,000 USD
702-271-3520
319 S 3rd St, Las Vegas, NV for Sale
$4,700,000 USD
Loft/Creative Space - FOR SALE
1/54
null | Request Cap Rate

Jan '26


319 S 3rd St
Las Vegas, NV 89101
Downtown Las Vegas


HIGHLIGHTS

  • Short-Term Leases Provide Strategic Flexibility
  • Phased Availability for Owner-Use or Re-Leasing
  • Comprehensive 2022 Renovation
  • Zoning Flexibility in a Core Legal District
  • Modern Architecture with Timeless Appeal
  • Opportunity Zone Potential

OVERVIEW

The Draper is a ±13,000 SF, two-story office building located in the Civic & Business District of Downtown Las Vegas. Fully renovated in 2022, the building features updated systems, modern finishes, and flexible demised suites—making it ideal for an owner-user, legal or professional group, or an investor aiming to reposition the asset and unlock long-term value. Currently leased to three tenants on short-term Modified Gross leases, the building offers modest interim cash flow with a clearly defined path to future occupancy or re-leasing at market rates. The first suite—±2,658 SF—becomes available January 31, 2026, with the full ground floor (±6,158 SF) available by October 31, 2026. This creates a unique timeline for phased control, occupancy, or repositioning. Strategically located steps from the Regional Justice Center, Las Vegas City Hall, and the Federal Courthouse, The Draper sits in one of the city’s most institutional and enduring office nodes. Whether for occupancy or reinvestment, this is a rare opportunity to acquire a fully upgraded, standalone Downtown asset at a cost basis well below replacement value.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$362 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Draper - Business Office Suites

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C-2, Las Vegas

APN/PARCEL ID

139-34-210-072

ASK ABOUT THIS PROPERTY

Robert HatrakHatrak CommercialMore Info
702-271-3520

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Robert HatrakHatrak CommercialMore Info
702-271-3520

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