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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 with a recently renovated second floor and 70% occupancy by law firms.

Space SizeContact for details
Property Size6,000 SF
Days on Market598

Property Features for 228 S 4th St

General Information

Standard status Active
Size 6,000 SF
Property subtype OFFICE
Occupancy 70%

Building Details

Stories 3
Tenancy Multi
Listing Agency: Cushman & Wakefield | Las Vegas
Listed By: Emily Brun · License #S.0196293
Source: Moodyscre
Added: Dec 16, 2024 Changed: Jul 26 Last Checked: Aug 6 at 12:31PM

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

Investment Insights

Based on property information with market context.

This three-story professional office building totals 13,852 square feet and is currently 70% occupied. Tenant concentration includes multiple law firms. The second floor was recently renovated and features upgraded finishes intended for office users seeking updated space within the Downtown submarket.

The property is located in the heart of Downtown Las Vegas, Nevada. Availability offers optionality depending on leasing outcomes, including the possibility for a business owner to occupy an existing vacant suite or the seller’s suite.

The seller is an existing tenant, and the lease term may be amended or terminated. The parcel also presents repositioning potential for a developer looking to redevelop, supported by its proximity to the Fremont Street Experience.

Key Highlights

  • Three‑story professional office building totaling 13,852 SF in Downtown Las Vegas, NV
  • Currently 70% occupied, with a concentration of law firms including Hofland & Tomsheck and other named tenants
  • Second floor was recently renovated with upgraded finishes for office users

Property 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

Location Intelligence

Trade Area within ½ mile

5,199
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

Market

Lease Benchmarks for Las Vegas, NV

$17.7 /SF/Yr
Avg Asking Price
$12–$34.8 /SF/Yr
Price Range
29,832 SF
Avg Space Size

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Three-story office building with a recently renovated second floor and 70% occupancy by law firms.
Where is this office building located?
The property is located at 228 S 4th St Las Vegas, NV.
What are key features of this property?
This property features: Three‑story professional office building totaling 13,852 SF in Downtown Las Vegas, NV; Currently 70% occupied, with a concentration of law firms including Hofland & Tomsheck and other named tenants; Second floor was recently renovated with upgraded finishes for office users
(702) 688-6884 Call to check price and availability
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