6883 Eastern AveLas Vegas, NV 89119

  • Retail properties
  • 6,916 SF
For Lease
$33/SF/YR View listing

Property Details for 6883 Eastern Ave

Year built
2006
Construction
FRAME
Lot size
0.16 AC
Property size (Sq ft)
6,916 SF
Property type
Retail properties
Property subtype
Strip malls
APN
177-02-614-016
APU
17702614016

Description

This exceptional restaurant opportunity is located at 6883 S Eastern Ave, Las Vegas, NV 89119, situated between East Warm Springs Road and West Sunset Road. The property, known as Palm Court, is a multi-tenant strip center with a total building size of 7,098 square feet. Currently, there is 2,008 square feet of vacant space available, perfect for a second-generation restaurant. The available space measures 2,008 square feet. The property's zoning is M-D, allowing for a variety of commercial uses. The property's address is easily accessible from Eastern Avenue and Sunset Road, offering high visibility and convenient access for customers. The Clark County Assessor's Parcel Number (APN) is 177-02-614-016. This prime location in a bustling area of Las Vegas presents a unique chance to establish or expand a thriving restaurant business. The property's strategic placement ensures high foot traffic and visibility, making it an ideal location for a restaurant seeking a strong presence in the Las Vegas market. This is a rare opportunity to secure a well-positioned restaurant space in a high-traffic area. Don't miss out on this chance to capitalize on the vibrant Las Vegas culinary scene.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,010,186
    6.5%
    $1,855,556
    7%
    $1,723,016
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,491,764
    Geo Method
    $3,491,764
  • Alternative Use

    Use
    Valuation
    Residential
    $1,565,231
    Hospitality
    $1,433,743
    Educational
    $1,192,858
    Medical
    $1,233,882
    Retail
    $1,855,556
6883 Eastern Ave, Las Vegas, Nevada
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Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0651
Longitude
-115.119
CBSA code
29820
CBSA name
LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,618
$95,886
$318,339
$414,225
-
$273,960
$909,540
$1,183,500

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