1720 Serene Ave, Las Vegas, NV 89123
- Strip malls
- 14,000 SF
- 1.43 lot acres
Current Use by Public Records
- Don Tortaco Mexican Grill #22 / Restaurant
Property Details for 1720 Serene Ave
- Year built
- 2020
- Construction
- FRAME
- Lot size
- 1.43 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 177-23-214-002
- APU
- 17723214002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 3, 2022 | — | Standard Insurance Company | Serene Center LLC | Assignment Of Lease (leasehold Sale) | $3.7M · Standard Insurance Co |
| Mar 5, 2021 | $5,775,000 | Serene Center LLC | Mass Eq Spencer & Serene LLC | Bargain & Sale Deed | $4M · Meadows Bank |
Description
Serene Shops, located at 1720-1780 East Serene Avenue in Las Vegas, Nevada, presents a fantastic opportunity for retail businesses. This 13,284 square foot retail center, built in 2020, is zoned C-1 (Local Business) and offers a variety of possibilities. Currently, there is 1,363 square feet of vacant space available, perfect for a new tenant seeking a vibrant and accessible location. The property's multiple tenancy structure allows for a diverse mix of businesses, creating a synergistic environment. The building's modern design and construction ensure a high-quality space for any retail operation. Situated in Clark County, this property benefits from excellent visibility and convenient access for customers. The address is easily accessible from major roadways, ensuring high traffic flow. The 1,363 square foot vacant space is ready for immediate occupancy, providing a turnkey solution for businesses looking to establish or expand their presence in the thriving Las Vegas market. This property offers a unique blend of modern amenities and a prime location, making it an ideal investment for discerning retail entrepreneurs. The zip code is 89123. This is a rare opportunity to secure retail space in a desirable area of Las Vegas.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,645,000
- 6.5%
- $5,210,000
- 7%
- $4,840,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $6,080,000 Current use
- RETAIL STORES
- $5,235,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.128
- Latitude
- 36.0211
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
