3240 W 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 W Harmon Ave
- Year built
- 1981
- Construction
- STEEL FRAME
- Lot size
- 1.29 lot acres
- Property type
- Distribution centers
- APN
- 162-20-203-012
- APU
- 16220203012
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 27, 2022 | $6,450,000 | 3240 W Harmon Owner LP | John P Morally | Bargain And Sale Deed | $40.5M · Wells Fargo Bank NA |
| May 30, 2019 | $475,000 | Morally,john P Trust | Hallstead Gregg Trust | Grant Deed | — |
| Feb 5, 2019 | — | Hallstead,gregg Trust | Hallstead Gregg Living Trust | Quit Claim Deed · related | — |
| Sep 23, 2016 | — | Gigi Trust | Morally J P Living Trust | Quit Claim Deed · related | — |
| Sep 22, 2016 | $1,020,000 | Morally,john P Trust | Gigi Trust | Grant Deed · related | — |
| Dec 27, 2011 | — | Gigi Trust | Morally John P Trust | Quit Claim Deed · related | — |
| Jan 2, 2004 | $485,210 | Hallstead Greg Trust | Morally John P Trust | Quit Claim Deed · related | — |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,280,000
- ML approach
- $6,255,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,731,000
Market price range: $3.03M - $9.80M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $6,940,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $9,965,000 Change: +44% Conversion: Moderate
- RETAIL STORES
- $8,580,000 Change: +24% Conversion: Moderate
- OFFICE BUILDING
- $7,795,000 Change: +12% Conversion: Difficult
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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
