Former Convenience Store on Charleston
For Sale
Contact for pricing
3500 E Charleston Blvd, Las Vegas, NV
2,581 SF former convenience store on high-traffic Charleston Blvd.
Property Size2,581 SF
Lot Size0.38 Acres
Price / SF$581.17
Days on Market436
Property Features for 3500 E Charleston Blvd
General Information
Standard status
Active
Size
2,581 SF
Lot size
0.38 Acres
Property subtype
RETAIL
Listing Agency:
Cushman & Wakefield | Las Vegas
(702) 796-7900
Listed By:
Emily Brun · License #S.0196293
(951) 532-3889
Source:
Moodyscre
Added: Jul 30, 2025
Changed: Oct 1
Last Checked: Oct 7 at 3:18PM
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.
The subject property is a 2,581 square foot former convenience store and fuel station, originally built in the 1970s. Situated on Charleston Boulevard, a highly trafficked road with approximately 31,000 vehicles per day, the property benefits from direct street exposure. It features two direct turns for westbound traffic and a curb cut at Pecos Road with an immediate direct turn for eastbound traffic. Located to the east is access to Interstate 11, also known as Highway US 95 and US 93, which sees more than 75,000 vehicles per day and is approximately 1/4 of a mile away. The property's favorable traffic counts, corner location, and proximity to the interstate make it an ideal location for retail and commercial uses permissible under the City of Las Vegas’ C-1 (Limited Commercial) zoning code.
Key Highlights
- High traffic location on Charleston Blvd (31,000 VPD).
- Proximity to Interstate 11/Highway US 95/US 93 (75,000+ VPD) - ±¼ mile away.
- Corner lot with direct street exposure.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,429
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,248,580
$1.2M
Cap Rate 7%
$891,843
$891.8K
Cap Rate 9%
$693,656
$693.7K
Market Conditions
NOI Build-Up for 2,581 SF
Gross rent
$88.3K $34.20/SF
− Vacancy
−$5.0K −$1.95/SF
EGI
$83.2K $32.25/SF
− OpEx
−$20.8K −$8.06/SF
NOI
$62.4K $24.19/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,248,580
Cap Rate 7%
$891,843
Cap Rate 9%
$693,656
Alternative Uses
Best Use
Specialty Retail
$891.8K
$780.4K – $1.04M
NOI $62,429 @ 7.0% cap · market cap 4.16%
Second Best
Retail
$832.4K
$728.3K – $971.1K
NOI $58,267 @ 7.0% cap · market cap 3.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
892
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Gas station - 2,581 SF former convenience store on high-traffic Charleston Blvd.
Where is this gas station located?
The property is located at 3500 E Charleston Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High traffic location on Charleston Blvd (31,000 VPD).; Proximity to Interstate 11/Highway US 95/US 93 (75,000+ VPD) - ±¼ mile away.; Corner lot with direct street exposure.
