720 S 7Th St Las Vegas, NV 89101

This exceptional three-story, 28,366 square foot office building sits on a 10.56-acre lot with an additional 10.19 acres of uncovered parking in Las Vegas' historic Lawyers Row. Currently 49% occupied, this Class B building offers a significant value-add opportunity with a current NOI of $298,362 and a pro-forma NOI of $606,762, resulting in a pro-forma cap rate of 7.14%. The asking price is $8,500,000 ($299.65/sq ft). The building features standard office improvements including a reception area, 34 private offices, three conference rooms, a break area, and four restrooms. It also boasts 67 covered parking spaces. Its prime location offers easy access to I-15 and I-515, and is in close proximity to several courthouses and government facilities, including the Federal Justice Center, Clark County Justice Center, Las Vegas Municipal Court, the new Federal Immigration Customs Enforcement Office, and the Nevada Supreme Court. The property is zoned for Professional Office and Parking (P-R), making it ideal for an owner-user seeking a prominent presence in a thriving downtown area surrounded by retail, entertainment, and restaurant amenities. This is a multi-tenant gross lease property.