1561 Commerce St Las Vegas, NV 89102-2703
- Industrial land
- 0.45 lot acres
Aug 30, 2023
Current Use by Public Records
- Industrial land
Property Details for 1561 Commerce St
- Lot size
- 0.45 lot acres
- Property type
- Industrial land
- APN
- 162-03-201-004
- APU
- 16203201004
Description
This exceptional commercial property, located in the vibrant Downtown Las Vegas Arts District, offers 5,250 square feet of vacant retail space in a newly planned ground-up development. The property consists of eight stand-alone buildings, each designed to resemble a container but constructed from structural steel for maximized interior space. Units range from a minimum of 300 square feet to a maximum contiguous space of 2,250 square feet, catering to a variety of business needs. The development features a shared common area building with restrooms, eliminating the need for individual tenant bathrooms. A comprehensive umbrella liquor license covers the entire project. The location boasts prime frontage on a main street, directly across from Atomic Golf, and benefits from abundant parking. Attractive tenant improvement allowances and competitive lease terms are available. The development includes string lights, an activated alley with live music and communal seating, fostering a vibrant atmosphere. Its proximity to Brewery Row, casinos, downtown events, and major freeways (I-15 and I-215) and Harry Reid International Airport ensures excellent accessibility. The 0.45-acre lot is zoned Commercial/Industrial (C-M), with the Clark County APN 162-03-201-004. This development presents a unique opportunity to establish a business in a thriving, high-traffic area with a strong sense of community. The property is ideal for a diverse mix of food and beverage concepts, taking advantage of the calendar of weekly and monthly events, including farmers markets and music festivals.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.155
- Latitude
- 36.1526
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA