Value Add Retail Investment

1200 Stewart Ave Las Vegas, NV 89101

1200 Stewart Ave, Las Vegas, NV, 89101
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FOR SALE
Property Type:
Street Retail
Amount:
$1,099,000
Last Verified:
Jul 23, 2024

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Highlights

  • - Prime location in Central area for maximum exposure
  • - High foot traffic for increased customer flow
  • - Versatile layout to accommodate diverse retail concepts
  • - Established presence in the community for immediate customer base
  • - Vintage charm and character for unique branding opportunities
  • - Zoned T4-MS for flexible use and expansion potential
  • - Excellent visibility for storefronts to attract attention

Description

Looking for a true “Value Add” retail investment opportunity? Look no further than 1200 Stewart Ave. Located in the heart of downtown Las Vegas this single story retail center is surrounded by active underway development both private and public.

Just 1 mile away from the world famous Fremont street, 1200 Stewart Ave sits at the intersection of Maryland and Stewart Ave. Total square footage under roof is 5,600 sqft which can accommodate up to 7 tenant spaces that are all pre-plumbed for 1 bathroom.

Massive city of Las Vegas investments are approved and underway to revamp Stewart Ave to include new landscaping, update street lighting, widening of sidewalks, and efforts to improve the flow of traffic for vehicles and bike lanes.

The subject property is approximately 300 feet from the newly opened Share Downtown apartments on 11th street and the Bent Inn Boutique Motel. The icing on the cake for this unique Value Add retail investment opportunity is the fact that the subject property sits within both a City Redevelopment Zone as well as a certified Opportunity Zone offering massive tax saving advantages as well as fast track permitting.

For more information or to discuss scheduling a site visit please contact Joshua Lafond with Simply Vegas Commercial.

1200 Stewart sits on on the corner of Stewart Ave and Maryland parkway in the heart of Downtown Las Vegas. Major redevelopment efforts are underway surrounding the subject property complimenting the investment opportunity. Public transits, major transportation arteries, dinning and entertainment are within close proximity to the subject property.


Year Built: 1957
Building Size: 5618sq ft
Lot Size: 0.15 acres


Documents

1200 Stewart Sale Brochure

Map of 1200 Stewart Ave, Las Vegas, NV, 89101

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.