1700 Las Vegas BlvdLas Vegas, NV 89104

Property Details for 1700 Las Vegas Blvd

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.48 AC

Property size (Sq ft)

17,600 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

162-03-302-009

APU

16203302009

Description

56 Wells Street presents a unique opportunity to lease exceptional office space in a professional building. This single-tenant property offers a flexible layout suitable for various business needs, including traditional office, executive office, flex space, or even medical office uses. The building boasts a total of 28,314 square feet of land and comprises one two-story building with ample parking (20 spaces). The interior features two convenient conference rooms, ensuring seamless collaboration and client meetings. The space is fully handicap accessible, promoting inclusivity and convenience. All utilities are included in the rent, excluding phone service, simplifying budgeting and administration. This is an ideal location for businesses seeking a professional environment with the added benefit of networking opportunities with other established professionals in the building. Schedule a viewing today to explore the possibilities of establishing your business at this prime location. The property is available by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $6,104,980

  6.5%

  $5,635,366

  7%

  $5,232,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,885,923

  Geo Method

  $8,885,923

• Alternative Use

  Use

  Valuation

  Residential

  $4,753,642

  Hospitality

  $4,354,310

  Educational

  $3,622,735

  Medical

  $3,747,326

  Retail

  $5,635,366

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1508

Longitude

-115.153

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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