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Las Vegas Value-Add Strip Center
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545 East Sahara Avenue, Las Vegas, NV 89104

Value-add Las Vegas Strip Center with redevelopment upside and below-market rents.

Property Size32,029 SF
Price / SF$212.31
Days on Market120

Property Features for 545 East Sahara Avenue

General Information

Standard status Active
Size 32,029 SF
Property subtype Retail, Hospitality
Zoning CR
Occupancy 36%

Building Details

Year Built 1963
Stories 1
Tenancy Single
Listing Agency: Matthews
Listed By: David Harrington · License #CO701910000
Source: Crexi
Added: May 1 Changed: Aug 23 Last Checked: Aug 26 at 12:14PM

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 Matthews

Investment Insights

Based on property information with market context.

This commercial property is a value-add Las Vegas strip center. The property offers major redevelopment upside and features below-market rents. The property contains 32,029 square feet.

Key Highlights

  • Value‑add opportunity awaits!
  • Prime Las Vegas Strip Center Location
  • Major redevelopment upside potential

Property Analytics

Current Use

Bikini Fitness Gym & Fitness Center Kona Coffee House ... Take-out & Catering Pacific Island Taste, ... Restaurant

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Clothing & Fashion Store Butcher 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

2,121
Businesses Nearby
Balanced
Demand for This Use

Demographics for 89104, NV

41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Shopping center - Value-add Las Vegas Strip Center with redevelopment upside and below-market rents.
Where is this shopping center located?
The property is located at 545 East Sahara Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Value‑add opportunity awaits!; Prime Las Vegas Strip Center Location; Major redevelopment upside potential
More about this property
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