1141 Nv-160 Pahrump, NV 89048
- Lifestyle centers
- 35,800 SF
- 5.07 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1141 Nv-160
- Year built
- 1986
- Lot size
- 5.07 lot acres
- Property size
- 35,800 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional value-add investment opportunity presents a 35,800 square foot multi-tenant commercial property in Pahrump, Nevada. Located at the intersection of NV-160 and E. Postal Drive, this six-building complex sits on 5.07 acres and boasts high visibility with prominent signage on a major highway (approx. 25,000 vehicles per day). Currently 73.89% occupied by 15 tenants across 21 units, the property offers significant upside potential through lease negotiations and renewals. The existing leases are primarily short-term or month-to-month, providing flexibility for the new owner. Built in 1986, the single-story buildings are zoned General Commercial (GC), allowing for diverse commercial uses. The property features ample parking and benefits from high traffic volume due to its proximity to the US Postal Service and other local businesses. The current average rent is substantially below market, presenting a compelling opportunity for increased revenue. The asking price is $4,250,000, with a price per square foot of $118.72. Minimum annual rent bumps of 3% are in place. APN numbers are 035-381-29, 035-381-30, 035-381-07, 035-381-08, and 035-422-39. This property is an ideal investment for those seeking long-term growth or immediate value-add potential in a thriving Nevada market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pahrump
- County
- Nye
- State
- Nevada
- Longitude
- -115.977
- Latitude
- 36.2033
