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    914 Main St Las Vegas, NV 89101

    Sponsored
    For Lease
    $24 SF/Yr ($12,800 /Mo)

    Las Vegas Retail Investment Opportunity

    Lot size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located in Las Vegas' vibrant Arts District (914 S Main St, Unit B), presents a compelling investment opportunity. The 6,400 square foot building, constructed in 1962 and extensively renovated in 2023, features two suites. Currently, one suite houses a thriving restaurant and bar, while the other, a vacant 2,400 square foot space with a 500 square foot patio, is available for lease at $27.00 per square foot. The property sits on a 0.37-acre lot (16,170 square feet) and is zoned C-M. The building is single-story with no elevators and offers limited parking (2.1 spaces per 1,000 square feet). Its prime location in the Arts District, known for its art galleries, shops, and culinary scene, ensures high foot traffic and visibility. The property's proximity to popular attractions like the Fremont Street Experience and Neon Museum further enhances its appeal. The vacant suite presents a unique opportunity for a variety of businesses, including lounges, cannabis stores, art exhibits, or boutique firms. This Class C property offers a strong value proposition, given its recent renovation and below-market rental rates in a rapidly developing area. The property's APN is 139-33-811-003.

    Property Features for 914 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,400 SF
    Class
    C
    Total Rate
    12800

    Building Details

    Year Built/Renovated
    1962/2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    914 S Main Street Unit B
    Size
    2,400 SF
    Rate per SF
    $24

    HighLights

    • Asking Price: $2,950,000
    • Projected Cap Rate: 5.45%
    • Price Per Square Foot: $460.94
    • Net Rentable Area: 6,400 Square Feet
    • Lot Size: 0.37 Acres
    • Parking Ratio: 2.1 spaces per 1,000 square feet
    Property Profile Location Intelligence

    Current Use by Public Records

    Cin-Cin Brewhouse & Seafood ... Bar Lucie's Mushroom Bistro Bistro

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.15289728
    Latitude
    36.16201729

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    FAQs

    What type of property is this?
    Restaurant - Las Vegas Retail Investment Opportunity
    Where is this restaurant located?
    The property is located at 914 Main St Las Vegas, NV.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Asking Price: $2,950,000; Projected Cap Rate: 5.45%; Price Per Square Foot: $460.94
    Request Owner's contact information
    914 Main St 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
    914 Main St Las Vegas, NV 89101
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