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Three-Story Professional Office Building
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228 S 4th St, Las Vegas, NV 89101

Three-story office building totaling 13,852 SF, 70% occupied, with a recently renovated second floor.

Space Size3,600 SF
Days on Market677

Property Features for 228 S 4th St

General Information

Standard status Active
Size 3,600 SF
Property subtype OFFICE
Occupancy 70%
Lease Type Full Service

Site & Location

Neighborhood Union Park Development

Building Details

Stories 3
Tenancy Multi

Spaces For Lease

at 228 S 4th St
Hofland Law Building $24/SF/Yr
Floor 3
Size 3,600 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE, 30 Days
Sublease No
- This three-story ±13,852 square foot professional office building located in the heart of Downtown Las Vegas, Nevada. - The building is currently 70% occupied with a concentration of law firms including Hofland & Tomsheck, The Law Offices of Benjamin Nadig, CHTD, and Sullivan Hill. - The second floor was recently renovated, and features upgraded finishes suitable for office users seeking premier space in the Downtown submarket. - The Property presents optionality for a future owner because the seller is an existing tenant and has expressed that the length of their lease term can be amended or terminated. - Therefore, a business owner has the opportunity to occupy the existing vacant suite or the seller’s suite and benefit from the additional income generated from the existing tenancy. - There is an opportunity for a developer to reposition and redevelop the parcel, capitalizing on the proximity to the Fremont Street Experience.
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Listing Agency: Cushman & Wakefield | Las Vegas
Listed By: Marlene Fujita · License #S.0054013
Source: Moodyscre
Added: Dec 16, 2024 Changed: Oct 6 Last Checked: Oct 23 at 11:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Las Vegas

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Investment Insights

Based on property information with market context.

This three-story professional office building offers a total of 13,852 square feet and is currently 70% occupied, with a concentration of law firm tenants including Hofland & Tomsheck, The Law Offices of Benjamin Nadig, CHTD, and Sullivan Hill. The second floor was recently renovated and includes upgraded finishes intended for office users seeking move-in-ready space.

Located in the heart of Downtown Las Vegas, the property’s proximity to the Fremont Street Experience supports strong visibility and accessibility for office operations. Access is oriented to downtown street connections, with the address at 228 S 4th St, Las Vegas, NV 89101.

The current leasing setup provides flexibility for a future owner or operator, as the seller is an existing tenant and has expressed that their lease term can be amended or terminated. A business owner may be able to occupy an existing vacant suite or the seller’s suite and benefit from the additional income associated with the existing tenancy.

Key Highlights

  • Three‑story professional office building totaling 13,852 SF
  • Currently 70% occupied with a concentration of law firms
  • Second floor recently renovated with upgraded finishes for office users

Property Analytics

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

Current Use

The Law Offices of Benjamin ... Law Firm Hofland & Tomsheck Law Firm Hofland Bradley J Law Firm Dennie Law Offices Law Firm Cramer Law Firm Law Firm

Suggested Use

Top Pick Veterinary Clinic HVAC Service Building Supply Dental Office (Bike/Boat/Book/etc) Store Nursing Home

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

Lease Details

70%
Occupancy
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,022
Businesses Nearby

Demographics for 89101, NV

42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Las Vegas, NV

13.3% 2019
13% 2020
11.7% 2021
13.3% 2022
13.8% 2023
14.1% 2024
13% 2025

Frequently Asked Questions

What type of property is this?
Office building - Three-story office building totaling 13,852 SF, 70% occupied, with a recently renovated second floor.
Where is this office building located?
The property is located at 228 S 4th St Las Vegas, NV.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Three‑story professional office building totaling 13,852 SF; Currently 70% occupied with a concentration of law firms; Second floor recently renovated with upgraded finishes for office users
(702) 688-6884 Call to check price and availability
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