360 Tropicana AveLas Vegas, NV 89169

Property Details for 360 Tropicana Ave

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

6,125 SF

Property type

Retail properties

Property subtype

Retail space

APN

162-21-810-011

APU

16221810011

Description

McCarran Village, located at 360 E Tropicana Ave in Las Vegas, Nevada (zip code 89169), presents a unique investment opportunity. This multi-tenant property, zoned H-1, offers two available spaces totaling 8,595 square feet within a larger 46,844 square foot building. One space measures 2,975 square feet, and the other is 5,620 square feet. A significant 15,090 square feet of the building is currently vacant. The property boasts a high-profile location within a resort corridor, benefiting from the presence of a 480-room Blue Green Resorts hotel on-site. This prime location makes it ideal for a variety of uses, including retail, office space, or a bar. The spaces are currently in grey shell condition, providing flexibility for tenant build-out and customization. The property's Clark County APN is 16221810010. This is a remarkable chance to establish a business in a vibrant and well-trafficked area of Las Vegas. The property's size and location offer significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,780,276

  6.5%

  $1,643,332

  7%

  $1,525,951

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,092,402

  Geo Method

  $3,092,402

• Alternative Use

  Use

  Valuation

  Residential

  $1,386,212

  Hospitality

  $1,269,762

  Educational

  $1,056,427

  Medical

  $1,092,760

  Retail

  $1,643,332

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1022

Longitude

-115.157

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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