7 Water StHenderson, NV 89015

This exceptional mixed-use retail investment opportunity, Olsen Plaza, presents 7,521 square feet across two buildings situated on a 0.58-acre lot in vibrant Downtown Henderson, Nevada. The property, located at 7 S Water St, 89015, boasts a prime location at the gateway of Water Street, steps from Lake Mead Parkway and minutes from US 95 and the 215 Beltway. The property consists of six units within two single-story buildings, constructed in 1981, currently operating at 83.33% occupancy. The existing tenants are on month-to-month leases, presenting an opportunity for below-market rent increases. The Downtown Mixed Use (DX) zoning allows for flexible redevelopment options, making this an ideal property for owner-users seeking to combine their business with income generation from existing tenants. The three parcels (APN: 179-18-214-071, 179-18-213-001, 179-18-213-002) offer significant potential for future development in a rapidly growing area. The asking price is $2,950,000. This is a value-add investment with significant upside potential for both redevelopment and income generation.