520 9Th StLas Vegas, NV 89101

Property Details for 520 9Th St

Year built

1942

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

1,683 SF

Property type

Office properties

Property subtype

Office buildings

APN

139-34-810-059

APU

13934810059

Description

This exceptional 3,135 square foot single-story office building presents a unique owner-user opportunity in the heart of Downtown Las Vegas. Built in 1942, the property boasts a functional layout including two private offices, an open bullpen area perfect for collaborative work, a dedicated conference room, a convenient kitchenette, and a welcoming reception/lobby. Two private bathrooms cater to employee needs, while ample basement storage provides additional space. A significant advantage is the oversized garage featuring high ceilings and roll-up doors, offering versatile storage or workshop potential. The property sits on a 0.15-acre lot and is zoned for Professional Office (P-O) use. The asking price is $850,000, translating to $271.13 per square foot. This represents a compelling investment opportunity for a business seeking a well-established, centrally located office space with significant character and potential. The property's location in Downtown Las Vegas offers easy access to amenities, transportation, and a vibrant urban environment. This is a rare chance to acquire a historic building with modern functionality and significant upside. The land value alone is estimated at $5,666,666.67 per acre.

• CAP approach

  CAP return

  Valuation

  6%

  $397,135

  6.5%

  $366,586

  7%

  $340,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $337,189

  Geo Method

  $337,189

• Alternative Use

  Use

  Valuation

  Residential

  $454,567

  Hospitality

  $416,381

  Educational

  $346,424

  Medical

  $358,338

  Retail

  $538,882

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1619

Longitude

-115.14

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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