| Sale Price: | $1,350,000 |
| Year Built: | 1957 |
| Property Type: | Retail |
| Building Size: | 5,618 SF |
Looking for a true “Value Add” retail investment opportunity? Look no further than 1200 Stewart Ave. Located in the heart of downtown Las Vegas this single story retail center is surrounded by active underway development both private and public.
Just 1 mile away from the world famous Fremont street, 1200 Stewart Ave sits at the intersection of Maryland and Stewart Ave. Total square footage under roof is 5,600 sqft which can accommodate up to 7 tenant spaces that are all pre-plumbed for 1 bathroom.
Massive city of Las Vegas investments are approved and underway to revamp Stewart Ave to include new landscaping, update street lighting, widening of sidewalks, and efforts to improve the flow of traffic for vehicles and bike lanes.
The subject property is approximately 300 feet from the newly opened Share Downtown apartments on 11th street and the Bent Inn Boutique Motel. The icing on the cake for this unique Value Add retail investment opportunity is the fact that the subject property sits within both a City Redevelopment Zone as well as a certified Opportunity Zone offering massive tax saving advantages as well as fast track permitting.
For more information or to discuss scheduling a site visit please contact Joshua Lafond with Simply Vegas Commercial.
1200 Stewart sits on on the corner of Stewart Ave and Maryland parkway in the heart of Downtown Las Vegas. Major redevelopment efforts are underway surrounding the subject property complimenting the investment opportunity. Public transits, major transportation arteries, dinning and entertainment are within close proximity to the subject property.
| 0.3 Miles | 0.5 Miles | 1 Miles | |
|---|---|---|---|
| Total households | 1,892 | 4,486 | 11,414 |
| Total population | 2,989 | 8,133 | 26,204 |
| Population white | 36.7% | 32.1% | 28.3% |
| Population black | 19.7% | 18.3% | 17.9% |
| Population hispanic | 36.4% | 44.4% | 51.2% |
| Population asian | 6.6% | 5.5% | 4.3% |
| Population pacific islander | 0.6% | 0.6% | 0.5% |
| Population american indian | 1.4% | 1.4% | 1.4% |
| Population other | 18.6% | 24.7% | 29.4% |
| Persons per household | 1.6 | 1.8 | 2.3 |
| Average household income | $36,563 | $41,586 | $53,103 |
| Average house value | $316,326 | $326,202 | $309,115 |
| Average age | 45 | 43 | 39 |
| Average age male | 46 | 44 | 40 |
| Average age female | 44 | 41 | 39 |
