Former New & Used Car Dealership

For Sale$8,950,000

2025 East Sahara Avenue, Las Vegas, NV 89104

  • Retail
  • 35,050 Sqft

Former New & Used Car Dealership, Las Vegas, NV 89104 - Retail Space for rent

Former New & Used Car Dealership is located at 2025 East Sahara Avenue in the Winchester neighborhood, NV, Las Vegas, 89104. The Retail building features a total of 57,110 Sqft. There is 1 Retail space available for lease at 2025 East Sahara Avenue, Las Vegas, NV, 89104, totaling 35,050 Sqft. The largest space available has 35,050 Sqft and a rental rate of $1.35/Sqft/Monthly.

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Details

  • Sale Price $8,950,000
  • City Las Vegas
  • Neighborhood Winchester
  • Zip Code 89104
  • Market Las Vegas
  • Property Type Retail
  • Property Size 57,110 Sqft
  • Lot Size 8.23 Acre

Availability

Suite Name Space Type Lease Rate Space Available
Freestanding Building + Yard Retail $1.35/Sqft/Monthly 35,050 Sqft
  • Suite Freestanding Building + Yard
  • Space Type Retail - Free Standing Bldg
  • Available From Wednesday, June 12, 2019
  • Total Space Available 35,050 Sqft
  • Divisible Space No
  • Min Divisible 35,050 Sqft
  • Max Contiguous 35,050 Sqft
  • Lease Rate $1.35/Sqft/Monthly
  • Lease Type NNN
  • Call For Terms Yes
  • Renewal Option No
  • Sub Lease No

For Lease Description:

The Property includes a freestanding building totaling ±35,050 SF and a rear fenced yard consisting of ±5.10 acres. The current owner has made substantial improvements to the property including fully sprinklering the main ±35,050 SF building and adding extensive power in the rear yard. The secured rear yard consisting of ±5.10 acres is available for lease at a negotiable rate. Please contact the broker for additional information. The property is also available for sale.

• Lease Rate: $1.35/SF(NNN)

• CAMs estimated at $0.40/SF

Description

Sun Commercial Real Estate, Inc. is pleased to offer an exceptional owner/user or value-add investor opportunity to purchase a ±57,110 SF seven building ±8.23 acre former new & used car dealership located in the heart of the auto dealership row on East Sahara Avenue. The offering includes the main showroom and service area, two body shop buildings, one additional service building, two office buildings and one storage building. The ±5.1 acre secured rear yard is being used for storage. The Property is located on East Sahara Avenue, west of South Eastern Avenue, having the civic address of 2025 East Sahara Avenue, Las Vegas, Nevada. The property is located in the East Sahara Car Dealership Row. As of 2018, there are 544,879 residents within a 5-mile radius with a median household income of $37,437.

Highlights:

• Opportunity Zone – Site located within the Opportunity Zone - see page 13 for more details

• Owner User or Value-Add Opportunity – Vacant ±57,110 SF across (7) seven buildings located on ±8.23 Acres 

• Former Used Car Dealership – Former used car dealership located on Car Dealership Row on E. Sahara 

• Secure Yard – Fenced secured ±5.1 acre rear yard

• Car Row Location – On Sahara Car Row in Central East Las Vegas Sub-market near The Strip & McCarran Airport

• Strong & Improving Sub-Market – The sub-market vacancy rate has been steadily improving and is currently at 7.8%

• Hard Corner – Hard corner location with 297 feet of frontage along busy East Sahara Avenue  

• Free & Clear – Offered free and clear of existing debt   

 

 

This property is also availabe For Lease. 

Winchester Demographics

Population

  • Total Population28,130
  • Male Population(53.3 %) 14,980
  • Female Population(46.7 %) 13,150
  • Median Age38.90

Income/Financial

  • Average Household Income$62,058
  • Median Household Income$39,642
  • Median Income Under 25$30,536
  • Median Income 25-44$43,564
  • Median Income 45-64$39,828
  • Median Income Over 65$34,730

See more Winchester Demographics data

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Attachments

Commercial Broker Add listing Broker

Roy Fritz

Sun Commercial Real Estate Inc.

(702) 968-7322