1395 Tropicana AveLas Vegas, NV 89119

Property Details for 1395 Tropicana Ave

Year built

2000

Construction

FRAME

Lot size

0.77 AC

Property size (Sq ft)

5,331 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

162-26-101-006

APU

16226101006

Description

This exceptional restaurant opportunity is located at 1395 E. Tropicana Ave in Las Vegas, Nevada, on a 0.77-acre lot. Directly across from UNLV and the Thomas & Mack Center, and only 1.8 miles from the Las Vegas Strip, this high-visibility site benefits from approximately 75,000 combined cars passing daily. The 5,331 square foot building, constructed in 2000, is a single-tenant space featuring a fully equipped kitchen complete with a hood system, grease trap, and a large walk-in cooler. Ample parking and a pylon sign enhance visibility and accessibility. This established location previously housed a successful local chain, offering a built-in customer base and immediate potential for a new operator. The property's APN is 162-26-101-006. A virtual tour is available online. This is a rare chance to acquire a turnkey restaurant space in a prime Las Vegas location with significant foot traffic and high visibility. The property's strategic location near UNLV, the Thomas & Mack Center, and the Las Vegas Strip provides unparalleled access to a large and diverse customer base. The existing infrastructure, including the fully equipped kitchen, minimizes upfront investment and allows for a quick start to operations. This is an ideal opportunity for an established restaurant chain or an ambitious entrepreneur looking to capitalize on the vibrant Las Vegas market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,549,494

  6.5%

  $1,430,302

  7%

  $1,328,138

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,691,526

  Geo Method

  $2,691,526

• Alternative Use

  Use

  Valuation

  Residential

  $1,206,513

  Hospitality

  $1,105,160

  Educational

  $919,480

  Medical

  $951,102

  Retail

  $1,430,302

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1004

Longitude

-115.134

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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