2948 Russell Rd Las Vegas, NV 89120
Property Features for 2948 Russell Rd
General Information
- Property type
- Office Properties & Spaces
- Square Feet
- 4,500 SF
- Class
- C
- Lot Size
- 20,038 SF
Building Details
- Year Built
- 1974
- Buildings
- 1
- Stories
- 1
- Units
- 3
Listing Agency: NAI Excel Listing Agent: Maria Herman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fully leased, single-story office building totaling 4,500 square feet situated on a 0.46-acre lot in Las Vegas, Nevada. The property, built in 1974 and classified as Class C, features three units currently operating at 100% occupancy under a gross lease structure. The primary tenant is a daycare facility, secured under a new 36-month lease (commencing May 15, 2023) with a monthly rent of $7,725.52, including a 4% annual rent increase. This lease includes three additional three-year option periods with automatic 4% annual increases. A secondary tenant occupies one unit on a month-to-month basis, providing flexibility for future income generation. The property's strategic location near the 215 freeway and Harry Reid International Airport, within a high-density residential area, ensures strong tenant demand and future appreciation potential. The property's APN is 162-25-415-007 and is zoned CP. This is a rare opportunity to acquire a stable, high-yielding investment property in a rapidly growing market. The asking price is $1,100,000, translating to $244.44 per square foot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Reaching Heights Learning ...
High School
All Nevada Insurance- ...
Insurance Agency
crEATe Good Foods ...
Food Processing Plant
Nevada Commercial Insurance
Insurance Agency
ICE Heating Cooling ...
HVAC Service
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.1111325
- Latitude
- 36.0867778
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FAQs
What type of property is this?
Office Property / Space - Fully Leased Office, Great Investment
Where is this office property / space located?
The property is located at 2948 Russell Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 100% leased, 4,500 SF single-story office building.; Daycare tenant pays $7,725.52/month gross, on a 3-year lease with three 3-year options, each with a 4% annual rent increase.; Excellent location near the 215 freeway and Harry Reid International Airport.