3240 Harmon Ave Las Vegas, NV 89103
- Distribution centers
- 22,950 SF
- 1.29 lot acres
Current Use by Public Records
- Aura Vegas Apartments / Apartment Building
Property Details for 3240 Harmon Ave
- Year built
- 1981
- Construction
- STEEL FRAME
- Lot size
- 1.29 lot acres
- Property size
- 22,950 SF
- Property type
- Distribution centers
- APN
- 162-20-203-012
- APU
- 16220203012
Description
This exceptional 5,063 square foot retail space, located at 3240 W Harmon Ave in Las Vegas, NV 89103, presents a unique investment opportunity. Situated on 2.1 acres of land in the coveted Resort Corridor submarket, this single-tenancy property offers unparalleled access to a substantial customer base. The ground floor location within the Aura building provides immediate proximity to tens of millions of annual tourists and hundreds of affluent residents in the luxury apartments above. This ensures high visibility and foot traffic, creating a strong foundation for a thriving business. The property's strategic location benefits from convenient access to major transportation arteries, including the I-15 and numerous connecting roads via the new Harmon Interchange and I-15 Tropicana projects, facilitating ease of access for both tourists and local residents throughout the Las Vegas valley. The entire 5,063 square feet is currently vacant, providing a blank canvas for a new restaurant concept or other suitable retail use. This presents a rare chance to establish a prominent presence in one of Las Vegas's most dynamic and high-traffic areas. The property's size and location make it ideal for a variety of restaurant concepts, catering to both the tourist and local populations. This is a truly exceptional opportunity to capitalize on the vibrant energy and substantial foot traffic of the Resort Corridor.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,275,000
- 6.5%
- $6,455,000
- 7%
- $6,545,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,520,000
- Geo Method
- $7,240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,570,000
- Retail
- $5,730,000
- Mixed-Use
- $7,335,000
- Hospitality
- $5,645,000
- Educational
- $6,280,000
- Residential Income
- $6,670,000
- Energy
- $5,830,000
- Income-Based Land
- $6,290,000
- Food Service
- $6,365,000
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.184
- Latitude
- 36.1087
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
