521 S 3rd St - Office FOR SALE


Las Vegas, NV 89101
$3,442,401 USD
702-340-8666
521 S 3rd St, Las Vegas, NV for Sale
$3,442,401 USD
Office - FOR SALE
1/24
null | Request Cap Rate

521 S 3rd St
Las Vegas, NV 89101


HIGHLIGHTS

  • SUPERIOR BUILDING DESIGN & FINISHES
  • BELOW REPLACEMENT COST & APPRAISED VALUE
  • HIGH BARRIERS TO ENTRY
  • CENTRAL, WALKABLE LOCATION
  • ACCESS TO DOWNTOWN

OVERVIEW

Cushman & Wakefield, Inc., is pleased to present for acquisition the fee simple interest in 521 South 3rd Street, Las Vegas, NV 89101 (the “Property”, the “Building”). The subject Property is a ±9,225 SF, trophy office building, positioned in the heart of Downtown Las Vegas. This asset is ideal for an attorney’s office or a professional service that can benefit from the proximity to the courthouses, Supreme Court of Nevada, hotels and casinos, and entertainment venues all within walking distance. Constructed in 2012, this unique office was constructed with top-quality materials including solid walnut, travertine and marble, ornate wrought iron, and, custom 24’ drapery to name a few. Second-floor mezzanine space and an attached two-car garage provide additional elements to this building that’s self-contained and secure. The elegance of the premier interior design is a bonus to the convenience of the location. A future occupier can leverage the advantages of the abundant amenities available in the immediate vicinity. Entertainment, casual eating, and elevated dining experiences are offered in the Arts District, Fremont Street, and Symphony Park. These features provide a multitude of opportunities for an employer to host and cater to clientele and attract top talent, seeking amenities that are within walking distance. The multiple government services in the area make this building a natural fit for a symbiotic business. The Property is advantageously built for a small professional business, with six private offices that have four dedicated administrative spaces. Additionally, there is approximately 1000 square feet of finished space above the garage with kitchen, bath and shower. The building is currently occupied by the law offices of KeachMurdock and will be delivered vacant upon sale; the law firm has flexibility on their date of vacation.

FOR SALE DETAILS

PRICE

$3,442,401 USD

PRICE/SF

$373 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,350 SF

ZONING

C-2

APN/PARCEL ID

139-34-301-009

ASK ABOUT THIS PROPERTY

Marlene Fujita WinkelCushman & WakefieldMore Info
702-340-8666

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Marlene Fujita WinkelCushman & WakefieldMore Info
702-340-8666

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