3495 Maryland Pkwy Las Vegas, NV 89169

Property Details for 3495 Maryland Pkwy

Lot size

1.61 lot acres

Property size

36,070 SF

Property type

Lifestyle centers

Property subtype

Power centers

APN

162-15-504-001 & 162-15-504-002

Description

Regency Plaza, a 36,070 square foot shopping center in Las Vegas, Nevada, presents a compelling redevelopment opportunity. This multi-tenant retail property, situated on a 1.61-acre lot, consists of two single-story buildings with a 63% occupancy rate. The asking price is $4,200,000, translating to $116 per square foot, and offers a 5.04% cap rate. Located at the signalized intersection of Maryland Parkway and Sierra Vista Drive, the property benefits from high visibility and significant traffic counts, exceeding 30,000 vehicles per day. Its strategic location offers proximity to major attractions including the Boulevard Mall, Las Vegas Convention Center, the Las Vegas Strip, Harry Reid International Airport, UNLV, and major hospitals. The property features rooftop parking, allowing for a larger building footprint. The existing tenant mix includes food and beverage, service, and brick-and-mortar retailers, with many long-term tenants. The property is zoned General Commercial C-2 and includes ample signage opportunities, including a pylon sign and storefront signage. This prime location, coupled with strong surrounding demographics (76,075 households) and retail synergy, makes Regency Plaza an exceptional value-add investment. The property's parcel numbers are 162-15-504-001 & 162-15-504-002. The lease type is NNN.