720 S 7th St - Office FOR SALE


Las Vegas, NV 89101
$7,999,999 USD
702-218-8404
720 S 7th St, Las Vegas, NV for Sale
$7,999,999 USD
Office - FOR SALE
1/17
null | 3.53% Cap Rate

720 S 7th St
Las Vegas, NV 89101


HIGHLIGHTS

  • Ideal Owner/User building within the historic Lawyer’s Row
  • Close proximity to prominent courts and government facilities

OVERVIEW

***PRICE REDUCTION*** We are pleased to offer an exceptional opportunity to purchase a ±28,366 SF two story building on an ±0.56 acre site. This opportunity is well-suited for an Owner / User on the second floor looking to create a professional image in a highly visible location in a highly popular area located within a historic district known as Lawyers Row in Downtown Las Vegas. The prime location is within close proximity to several prominent courts and government facilities such as the Federal Justice Center, Clark County Justice Center, Las Vegas Municipal Court, the new Federal Immigration Customs Enforcement Office (“ICE”) and the Nevada Supreme Court and is surrounded by numerous retail, entertainment and restaurant amenities. It is easily accessible to/from I-15 and the I-515 via W Charleston Boulevard, S Las Vegas Boulevard and accessibility improvements created by Project Neon. The subject is well serviced by a diverse mix of professional services offering a favorable demographic that provides for the potential of a multitude of uses to thrive in the area. The subject property consists of a ±28,366 SF building originally built in 1982 on a ±0.56 acre site. 3rd floor is leased, with ± 12,138 SF available for lease or an owner-user. 1st floor offer ± 1,182 SF available for lease. With the current vacancy, the building could qualify for an SBA loan for an owner-user, occupying approximately 53% of the building. Existing improvements offer standard office improvements which consist of a reception / waiting area, 45 private offices, a large conference room, break area andmultiple restrooms in addition to providing street, private and covered parking.

FOR SALE DETAILS

PRICE

$7,999,999 USD

PRICE/SF

$282 USD /SF

CAP RATE

3.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,629 SF

ZONING

PR, Las Vegas

APN/PARCEL ID

139-34-410-229

ASK ABOUT THIS PROPERTY

702-218-8404

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702-218-8404

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