1 Charleston Blvd Las Vegas, NV 89104
- Retail space
- 21,575 SF
- 0.50 lot acres
Current Use by Public Records
- Love Wall Las Vegas Love Foundation / Tourist Attraction
Property Details for 1 Charleston Blvd
- Year built
- 1987
- Construction
- CONCRETE
- Lot size
- 0.50 lot acres
- Property size
- 21,575 SF
- Property type
- Retail space
- APN
- 139-33-801-024
- APU
- 13933801024
Description
This exceptional two-story, 21,676 square foot building, located at 1 E. Charleston Blvd. in Las Vegas, NV, presents a unique investment opportunity. Situated on a prominent corner lot at the gateway to the Arts District, this property boasts high visibility and traffic counts. The building, constructed in 1987 and extensively renovated in March 2024, offers seven suites ranging from 1,206 to 11,430 contiguous square feet, with a total of 15,302 square feet currently vacant. Amenities include 11 parking spaces, a single elevator, private balconies and patios, and impressive second-floor views. The building features a 12-foot ceiling height and is zoned for General Commercial (C-2) use. The property sits on a half-acre lot (APN 139-33-811-016) and is classified as Class B. Ideal for a mix of tenants, the ground floor is envisioned for food and beverage establishments, while the second floor is suited for office professionals. This prime location in the Arts District Corridor offers unparalleled access and exposure. The building's recent renovation ensures modern, updated spaces ready for immediate occupancy. Don't miss this chance to secure a highly visible and desirable property in a thriving Las Vegas submarket.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,095,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,335,000
- 6.5%
- $4,015,000
- 7%
- $4,105,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,350,000
- Geo Method
- $4,380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,225,000
- Retail
- $3,950,000
- Mixed-Use
- $3,975,000
- Hospitality
- $4,230,000
- Educational
- $3,350,000
- Residential Income
- $3,505,000
- Energy
- $3,350,000
- Income-Based Land
- $3,435,000
- Food Service
- $3,465,000
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.153
- Latitude
- 36.1593
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA