2543 Bruce StLas Vegas, NV 89169

Property Details for 2543 Bruce St

Year built

1983

Construction

FRAME

Lot size

0.68 AC

Property size (Sq ft)

14,688 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

162-11-501-007

APU

16211501007

Description

This exceptional investment opportunity presents the Bruce Building II, a 14,688 square foot office building situated on a 0.68-acre lot in Las Vegas, Nevada. Located at 2543 S Bruce St, 89169, this single-story structure offers a compelling value-add proposition. Currently vacant, the building presents a blank canvas for customization, ideal for owner-users or investors seeking to maximize their return. The property boasts multiple suites and ample parking, with a generous 5.31 spaces per 1,000 square feet. The asking price is $1,950,000, translating to $132.76 per square foot. Zoned Commercial General (CG), the property benefits from a prime location adjacent to a busy medical building and a new school under construction across the street, ensuring high visibility and strong potential for tenant attraction. Additional features include covered parking, a prominent pylon sign, and shared parking with a neighboring medical clinic. Built in 1983, this property offers significant potential for renovation and repositioning within a thriving Las Vegas neighborhood, conveniently located near numerous apartment complexes. The property's two buildings are situated on APN 162-11-501-007. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly developing area of Las Vegas.

• CAP approach

  CAP return

  Valuation

  6%

  $2,904,200

  6.5%

  $2,680,800

  7%

  $2,489,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,942,741

  Geo Method

  $2,942,741

• Alternative Use

  Use

  Valuation

  Residential

  $3,324,192

  Hospitality

  $3,044,942

  Educational

  $2,533,356

  Medical

  $2,620,482

  Retail

  $3,940,776

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1433

Longitude

-115.127

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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