530 6Th StLas Vegas, NV 89101

Property Details for 530 6Th St

Year built

1993

Lot size

0.16 AC

Property type

Land

Property subtype

Commercial land

APN

139-34-310-068

APU

13934310068

Description

This exceptional Class A, 8,000 square foot office building in Downtown Las Vegas presents a compelling investment opportunity. Completely remodeled in 2024, the property boasts a modern exterior and updated interior. Situated on a 0.31-acre lot, it offers 20 covered parking spaces—a rare amenity in this submarket. The building features robust cinder block construction, automatic security shutters, and a state-of-the-art alarm system, ensuring both security and peace of mind. Currently 100% occupied with a single tenant under a NNN lease expiring February 28, 2031 (6.3 years remaining), the property generates a strong net operating income (NOI) of $234,000, resulting in a 6.41% cap rate. Its prime location at 530 S 6th St, on a hard corner, provides excellent visibility and convenient access to major transportation arteries, including US-95 and I-15, as well as nearby hospitals, courthouses, and Harry Reid International Airport. The permitted zoning is C-1, Las Vegas. This is a turnkey investment with significant upside potential. The building's central location, modern amenities, and strong lease terms make it an ideal acquisition for discerning investors seeking a stable, high-performing asset in a thriving urban core. The property's features include a private gated rear parking lot, a prominent location near the Fremont Experience, and proximity to numerous lunch and coffee options.

• Alternative Use

  Use

  Valuation

  Residential

  $1,882,550

  Hospitality

  $1,724,406

  Educational

  $1,434,686

  Medical

  $1,484,026

  Retail

  $2,231,733

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1632

Longitude

-115.144

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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