3650 Eastern Ave Las Vegas, NV 89169
- Specialty properties
- 8,600 SF
- 20.00 lot acres
Current Use by Public Records
- personal service and expertise / Consultant
- Phamatech Laboratories & Diagnostics / Drug Testing Service
- Nguyen C H DDS / Dentist
- Precious Care Agency / Home Health Care Service
- creative induction / Resume Service
Property Details for 3650 Eastern Ave
- Year built
- 1984
- Lot size
- 20.00 lot acres
- Property size
- 8,600 SF
- Property type
- Specialty properties
- Property subtype
- Retirement homes
Description
This exceptional investment opportunity presents a 1-story, Class B office complex in Las Vegas, Nevada. Located at 3650 S Eastern Ave, this 8,600 square foot property sits on a 20-acre lot and boasts 16 units within three buildings. Built in 1984 and renovated in 2015, the property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $110,938, with a projected NOI of $155,575. The asking price is $1,600,000, representing a current cap rate of 6.93% and a pro-forma cap rate of 7.83%. The property is zoned C-P and offers excellent visibility and access directly on S Eastern Avenue, near amenities such as CVS Pharmacy, Starbucks, and Ross. The property is fee simple ownership and is ideally suited for a variety of professional or medical uses. This value-add investment presents a strong potential for future appreciation within a thriving Las Vegas location. The property's strategic location within the Fountain Park Medical & Professional Center, a well-established complex, further enhances its appeal. The building features a durable wood frame with stucco and brick veneer exteriors. The current occupancy date is November 1, 2024.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.118
- Latitude
- 36.1236
