1255 Lamb BlvdLas Vegas, NV 89104

Property Details for 1255 Lamb Blvd

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.87 AC

Property size (Sq ft)

42,604 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

161-05-110-003

APU

16105110003

Description

4G Plaza presents a compelling retail investment opportunity in Clark County. This multi-tenant property boasts a total of 79,000 square feet and ample parking with 520 spaces. Currently, there are four available retail spaces ranging in size from 949 square feet to 10,000 square feet, catering to a variety of business needs. The property benefits from an exceptional location, experiencing high daily traffic volume with over 117,500 cars passing by daily. Convenient access is provided via the Charleston Interchange on US 95, ensuring high visibility and accessibility for potential tenants and customers. Further development potential exists with two proposed retail pads: a 10,000 square foot pad adjacent to El Super and a 0.5-acre drive-thru pad capable of accommodating up to 3,600 square feet. This prime location and flexible space options make 4G Plaza an attractive investment for both established businesses and new ventures seeking a high-traffic, easily accessible retail space in a thriving area. The property's substantial size and parking capacity ensure ample room for growth and expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $14,778,213

  6.5%

  $13,641,428

  7%

  $12,667,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,509,992

  Geo Method

  $21,509,992

• Alternative Use

  Use

  Valuation

  Residential

  $11,507,055

  Hospitality

  $10,540,400

  Educational

  $8,769,489

  Medical

  $9,071,085

  Retail

  $13,641,428

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1579

Longitude

-115.082

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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