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    229 Las Vegas Blvd Las Vegas, NV 89101

    Sponsored
    For Sale
    $3,195,000

    Prime Executive Office, 8,525 SF, Fully Furnished

    Property size:
    8,525 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 8,525-square-foot executive office building, located at 229 South Las Vegas Boulevard in Las Vegas, Nevada, presents a unique investment opportunity. The two-story building, constructed in 1959 and extensively renovated in 2019, boasts a desirable location in the heart of downtown Las Vegas. The property features multiple secured offices, support offices, and open bullpen areas on both floors, providing ample space for a variety of business needs. Amenities include four restrooms, two large and two small conference rooms, and two breakrooms. The building is fully furnished, offering immediate occupancy and minimizing upfront costs. The 0.16-acre lot provides eight parking spaces for staff and clients. The property is zoned General Commercial (C-2), offering flexibility for future uses. With its modern renovation, prime location, and convenient access to the Federal Courthouse, banks, and the US Post Office, this property represents a compelling investment in a thriving urban core. The asking price is $3,195,000, with a price per square foot of $374.78 and a price per unit of $1,597,500. The property's masonry exterior with white brick frontage adds to its curb appeal. This is a turnkey opportunity for a business seeking a prestigious and well-equipped office space in a high-demand location. The APN is 139-34-611-048.

    Property Features for 229 Las Vegas Blvd

    General Information

    Property type
    Specialty properties
    Square Feet
    8,525 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built/Renovated
    1959/2019
    Stories
    2
    Units
    2

    HighLights

    • White brick masonry façade.
    • Recently renovated with modern finishes.
    • Each floor features private offices, conference rooms, break rooms, restrooms, and an open bullpen area.
    • Prime downtown Las Vegas location.
    • Walkable to the Federal Courthouse, banks, and the US Post Office.
    Property Profile Location Intelligence

    Current Use by Public Records

    Social Commerce Coworking Space Channel Key Marketing Agency Legal Resource Group Legal Services Beckstead Law Offices Attorney

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1417388
    Latitude
    36.1670484

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    FAQs

    What type of property is this?
    Specialty property - Prime Executive Office, 8,525 SF, Fully Furnished
    Where is this specialty property located?
    The property is located at 229 Las Vegas Blvd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $3,195,000.
    What are key features of this property?
    This property features: White brick masonry façade.; Recently renovated with modern finishes.; Each floor features private offices, conference rooms, break rooms, restrooms, and an open bullpen area.
    Request Owner's contact information
    229 Las Vegas Blvd Las Vegas, NV 89101
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    Las Vegas, NV 89101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    229 Las Vegas Blvd Las Vegas, NV 89101
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