5020 Broadbent BlvdLas Vegas, NV 89122

Property Details for 5020 Broadbent Blvd

Year built

2006

Construction

FRAME

Lot size

1.26 AC

Property size (Sq ft)

5,588 SF

Property type

Retail properties

Property subtype

Strip malls

APN

161-27-502-002

APU

16127502002

Description

This exceptional retail opportunity is located at 5020 S Broadbent Blvd, Las Vegas, NV 89122, situated on a prominent corner lot at the intersection of Tropicana Avenue and Broadbent Boulevard. The property, known as Cherry Plaza, offers a total of 2,400 square feet of retail space within a single-story building constructed in 2006. Currently, there is approximately 1,200 square feet available for lease, with a minimum leasable space of 1,200 square feet. The property sits on 1.26 acres of land (APN: 161-27-502-002) and is zoned C-2. The building features two suites in total. The landlord will deliver the space in vanilla shell condition, ready for tenant improvements, including a drop ceiling, air conditioning, and a bathroom. This prime location is surrounded by numerous single-family homes, ensuring a strong customer base. Nearby businesses include Texas Liquor, Alexandre Pizza, and Apache Joe's Bar & Grill. Long-term leases are preferred. Please note that smoke shops are not permitted due to existing tenant agreements. This space is ideal for a variety of uses, including hair and nail salons, pet grooming businesses, fitness centers, or general office space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,200,966

  6.5%

  $2,031,661

  7%

  $1,886,542

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,821,280

  Geo Method

  $2,821,280

• Alternative Use

  Use

  Valuation

  Residential

  $1,713,782

  Hospitality

  $1,569,815

  Educational

  $1,306,068

  Medical

  $1,350,985

  Retail

  $2,031,661

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.0974

Longitude

-115.03

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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