Prime Location with High Visibility: 110 feet of frontage on Lake Mead Blvd and proximity to major traffic corridors with over 31,500 daily vehicle counts, ensuring excellent visibility and accessibility for tenants and customers.
Strong Demographics and Growth: Steady population growth projected at 7.36% (1 mile) and 6.80% (3 miles) by 2029, combined with median household incomes exceeding $42,000 within 3 miles, supports long-term retail demand.
Stable Multi-Tenant Property: Currently occupied by established tenants such as Santini Body Shop and Catalina Auto Sales, providing immediate cash flow with room for rental growth.
Competitive Market Metrics: Market sale price per area is trending upwards at $420 SF, and the submarket vacancy rate is 0%, indicating high demand for retail properties in the Northeast Las Vegas submarket.
Ample Land and Parking: Spanning 1.74 acres with 42 surface parking spaces (1.2 spaces per 1,000 SF), the property accommodates tenants and visitors conveniently, with potential for future development.
Built in 2005 with durable masonry construction, the property offers a low-maintenance asset in a growing suburban area.