3112 Las Vegas Blvd Las Vegas, NV 89115
- Strip malls
- 11,304 SF
- 1.58 lot acres
Current Use by Public Records
- Express Insurance / Auto Insurance Agency
Property Details for 3112 Las Vegas Blvd
- Year built
- 1977
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.58 lot acres
- Property size
- 11,304 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 140-18-102-020
- APU
- 14018102020
Description
Pecos Plaza, located at 3112 Las Vegas Blvd N, Las Vegas, NV 89115, presents a prime retail investment opportunity in the Northeast Las Vegas Submarket. This property boasts a total of 17,431 square feet across two single-story buildings, encompassing 12 suites. Currently, 807 square feet of retail space is available for lease, with individual units ranging from 808 to 1,118 square feet, ideal for a variety of businesses. Built in 1977, the center sits on a 1.58-acre lot (APN 140-18-102-020) and is conveniently located near the intersection of Las Vegas Blvd and Pecos Road, ensuring high visibility and accessibility. The property is zoned H-2 and offers ample parking with 74 spaces available for customers and tenants. This renovated retail center provides a strong foundation for immediate occupancy and future growth, making it an attractive option for both established businesses and new ventures seeking a strategic location in a thriving Las Vegas submarket. The property's multiple tenancy structure offers flexibility and potential for diverse tenant mixes. This is a rare opportunity to acquire a well-maintained retail property in a high-traffic area of Las Vegas.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $645,000
- 6.5%
- $620,000
- 7%
- $560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $655,000
- Geo Method
- $565,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $640,000
- Retail
- $485,000
- Mixed-Use
- $560,000
- Hospitality
- $650,000
- Educational
- $485,000
- Residential Income
- $530,000
- Energy
- $500,000
- Income-Based Land
- $615,000
- Food Service
- $625,000
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.098
- Latitude
- 36.2145
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA