Listing Agency: Fortis Commercial Advisors Show Phone

Listed By: Dean Jalili · License #B.53049.LLC Show Phone

Source: Moodyscre

Added: Aug 23, 2021 Changed: Oct 25 Last Checked: Oct 28 at 5:39AM

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Investment Insights

Based on property information with market context.

This street retail property, constructed in 1957, presents an opportunity for redevelopment or renovation. The building, made of wood and stucco, features traditional glass retail fronts and a flat roof. Situated in the heart of Downtown Las Vegas, the property is located at the southeast corner of Maryland Parkway and Stewart Avenue, less than 1 mile from the Fremont Street area. The location is within a Federal Opportunity Zone. Maryland Parkway experiences high traffic volume, with over 50,000 cars per day at this location.

Key Highlights

• Opportunity for redevelopment/renovation in Downtown Las Vegas.
• Located in a Federal Opportunity Zone.
• High traffic location: +50,000 cars per day on Maryland Parkway.

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Tanning Salon Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,375

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Las Vegas, NV

7.7% 2019

8.3% 2020

7.2% 2021

6.1% 2022

6% 2023

5.2% 2024

5.7% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail property for sale in Downtown Las Vegas.

Where is this retail space located?

The property is located at 1200-1210 Stewart Ave Las Vegas, NV.

What is the asking price?

The asking price for this property is $680,000.

What are key features of this property?

This property features: Opportunity for redevelopment/renovation in Downtown Las Vegas.; Located in a Federal Opportunity Zone.; High traffic location: +50,000 cars per day on Maryland Parkway.