Multi-Tenant Industrial Building Near Strip

Las Vegas, NV 89102, Las Vegas, NV 89102

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For Sale

$3,300,000

Multi-tenant industrial building in Chinatown district, near the Las Vegas Strip.

Type:Office

Property size:

12,190 SF

Price / SF:

$270/SF

HighLights

Prime location in the heart of Chinatown, within a two‑block radius of the Las Vegas Strip.
Convenient access to I‑15/US‑95 freeways and proximity to Harry Reid International Airport (5 miles).
Owner‑user opportunity with existing income from two long‑term tenants.
Located in a vibrant area with a large residential population (±416,919 within 5 miles) and strong average household income ($68,872).
Multi‑tenant industrial building with turnkey units available (±2,995 SF) and office space in each unit.
Zoned IL (Light Industrial) with one 10’x10’ grade level door per unit and 12’5” clear height.

We can help!

Listing Contact

Luke Ramous

Learn more

For Sale

$3,300,000

Multi-tenant industrial building in Chinatown district, near the Las Vegas Strip.

Type:Office

Property size:

12,190 SF

Price / SF:

$270/SF

Added:: Jan 26, 2026
Days on Market:: 135
Last Refresh:: Apr 5 at 8:38 pm

Property Features

General Information

Standard status: Active
Size: 12,190 SF
Property subtype: Office

Building Details

Year Built: 1980

We can help!

Listing Contact

Luke Ramous

Listing agent Luke Ramous License #NV #S.0188531

Listing office MDL Group

Listing date Jan 26, 2026

Source Corfac

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

All listing content including descriptions, pricing, images are the copyrighted material of MDL Group

HighLights

Prime location in the heart of Chinatown, within a two‑block radius of the Las Vegas Strip.
Convenient access to I‑15/US‑95 freeways and proximity to Harry Reid International Airport (5 miles).
Owner‑user opportunity with existing income from two long‑term tenants.
Located in a vibrant area with a large residential population (±416,919 within 5 miles) and strong average household income ($68,872).
Multi‑tenant industrial building with turnkey units available (±2,995 SF) and office space in each unit.
Zoned IL (Light Industrial) with one 10’x10’ grade level door per unit and 12’5” clear height.

Overview

Located in the heart of the Chinatown district, within a two-block radius of the Las Vegas Strip, is a multi-tenant industrial building offering approximately 12,190 square feet of space. The property is situated in the West Central submarket along Spring Mountain Road, providing convenient access to the I-15 and US-95 freeways. Its location is approximately 5 miles from Harry Reid International Airport. The surrounding area includes a residential community with housing options such as Silverado Village apartments and Twain Estates. The population within a 5-mile radius is approximately 416,919 residents, with an average household income of $68,872. The property is located within the Chinatown commercial district, offering a variety of multicultural restaurants and retail power centers. The building features turnkey units available at approximately 2,995 square feet, with office space in each unit. Each unit includes one 10’x10’ grade-level door and a 12’5” clear height. The property is zoned for IL (Light Industrial) and is available for sale as owner-user with income opportunity, as there are two long term tenants occupying two of the suites.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$292.6k	$24.00
− Vacancy	−$42.4k	−$3.48
EGI	$250.1k	$20.52
− OpEx	−$62.5k	−$5.13
NOI	$187.6k	$15.39

12,190 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.68M

$2.35M – $3.13M (±1% cap)

NOI $187,604 @ 7.0% cap · market cap 5.68%

Second Best

Warehouse

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $87,932 @ 7.0% cap · market cap 2.66%

Theoretical Best

Specialty Retail

$4.21M

$3.69M – $4.91M (±1% cap)

NOI $294,851 @ 7.0% cap · market cap 8.93%

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

Location Intelligence

Current Use by Public Records

Flex space

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Smoking Las Vegas — 917 s 1st st, las vegas, nv 89101
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Map

City: Las Vegas
County: Clark
State: Nevada
Longitude: -115.192
Latitude: 36.1273

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What type of property is this?

Flex space - Multi-tenant industrial building in Chinatown district, near the Las Vegas Strip.

Where is this flex space located?

The property is located at Las Vegas, NV.

What is the asking price?

The asking price for this property is $3,300,000.

What are key features of this property?

This property features: Prime location in the heart of Chinatown, within a two‑block radius of the Las Vegas Strip.; Convenient access to I‑15/US‑95 freeways and proximity to Harry Reid International Airport (5 miles).; **Owner‑user opportunity with existing income from two long‑term tenants.**