3085 Flamingo Rd Las Vegas, NV 89121
- Retail properties
- 8,334 SF
- 0.68 lot acres
Current Use by Public Records
- Dwayne Workman - USA Mortgage / Mortgage Lender
- Michelle Jones / Nurse Practitioner
- Insight Health Services - Food Distribution Center / Food Bank
- African hair braiding by Fama / Hair Salon
- The Parent Team of USA Mortgage / Mortgage Lender
Property Details for 3085 Flamingo Rd
- Year built
- 1992
- Lot size
- 0.68 lot acres
- Property size
- 8,334 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This single-story, 8,334-square-foot medical office building in Las Vegas, Nevada presents a compelling value-add investment opportunity. Located at 3085 E Flamingo Rd, in Clark County, zip code 89121, this Class B property, built in 1992 and renovated in 2016, sits on a 0.68-acre lot and offers ample parking (3.51 spaces per 1,000 sq ft, totaling 29 uncovered spaces). Currently, the occupancy rate is 22.6% across its two units. The asking price is $2,222,222, translating to $266.64 per square foot. The property is zoned Commercial General (CG) and features a storefront design, making it suitable for a variety of uses. Previous use as medical professional office space suggests potential for similar tenants. The property is well-situated in a mature and affluent area of Central East Las Vegas, offering excellent visibility and accessibility. SBA 504(b) financing may be available with a 10% down payment (subject to occupancy requirements exceeding 4,250 sq ft). This property is ideal for owner-users or investors seeking to increase occupancy and value. The property's APN is 162-24-513-003.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.108
- Latitude
- 36.1146
