Property Listing No Longer Available for Sale

1111 S Casino Center Blvd, Las Vegas, NV

Multi-family for Sale - 10,290 Sq. Ft. on 0.64 acres


Property Info

CIMLS#965602
Location
  1111 S Casino Center Blvd
  Las Vegas NV 89104
UpdatedNovember 2nd, 2017
TypeMulti-family
PriceUpon Request
Building10,290 Sq. Ft.
Land0.64 acres

Property Description

The Vice property is a mix used development located within the Downtown Las Vegas 18b Arts District. With a total of 17 residential units and 5 commercial spaces which consist of 4 offices and 1 bar/tavern, this is truly a unique opportunity to own a 1 of a kind strong income producing property in the downtown 18b arts district.

With huge city infrastructure projects under way such as the project neon and Commerce/Main 1 way conversions this property is located perfectly. 1111 S Casino Center was previously approved and granted full entitlements for a high rise condo development which gives this property the future potential to be redeveloped for a higher and best use that its current state.

Current occupancy is 98% with only 1 vacancy and the property is grossing $18,220 per month with the potential to increase to $19,070 once last office is occupied. Gross annual income with current occupancy will be $218,640 and upon last office vacancy being fill annual gross income will achieve $228,840. The entire property has been fully remodeled from top to bottom with high end finishes throughout and the commercial portion has ADA complainant restrooms.

To obtain further details about this investment opportunity please download the offering memorandum or sales brochure from the dedicated property website. To discuss making an offer to purchase this asset please contact Paul Macaluso directly.

Location Description:

The Vice is located in the Downtown Las Vegas 18b Arts District on S Casino Center Blvd. major cross street is Charleston & Casino Center

Highlights:

>> Mixed Use

>> 18b Arts District Location

>> 98% Occupancy

>> Turnkey Income

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Financials