524 Boulder HwyHenderson, NV 89015

Property Details for 524 Boulder Hwy

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

9.81 AC

Property size (Sq ft)

37,478 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

179-17-303-018

APU

17917303018

Description

This exceptional retail investment opportunity, Henderson Plaza, presents 64,800 square feet of vacant space within a 87,135 square foot, multi-building shopping center located at 524 S Boulder Hwy, Henderson, NV 89015. Built in 1959, the property consists of five single-story buildings offering flexible spaces ranging from a minimum of 2,200 square feet to a maximum contiguous space of 25,000 square feet. The center boasts a strong tenant mix including established businesses such as At Home, Burger King, and others, ensuring high visibility and foot traffic. Located in a thriving Henderson submarket, the property benefits from its proximity to major thoroughfares like E Major Ave, and its strategic location near Downtown Henderson and Water Street. The property is zoned Corridor/Community Mixed-Use (MC) and is ideally situated to serve the substantial residential populations of nearby master-planned communities including Lake Las Vegas, Tuscany, and Cadence, as well as the surrounding areas of Boulder City, Lake Mead Recreation Area, and Hoover Dam. The property features ample parking with a 5.5 spaces per 1,000 square feet ratio. Clark County APN: 17917303018. This is a rare opportunity to acquire a well-positioned retail center in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $14,761,596

  6.5%

  $13,626,088

  7%

  $12,652,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,921,968

  Geo Method

  $18,921,968

• Alternative Use

  Use

  Valuation

  Residential

  $11,494,115

  Hospitality

  $10,528,548

  Educational

  $8,759,628

  Medical

  $9,060,885

  Retail

  $13,626,088

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0325

Longitude

-114.972

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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