1561 Commerce St Las Vegas, NV 89102-2703
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.