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2948 Russell Rd Las Vegas, NV 89120

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For Sale
$1,100,000

Fully Leased Office, Great Investment

Property size:
4,500 SF

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

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Listing Contact
Maria Herman
Maria Herman

Listing Agency: NAI Excel Listing Agent: Maria Herman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

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

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Las Vegas
County
Clark
State
Nevada
Longitude
-115.1111325
Latitude
36.0867778

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.
More about this property
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