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22731598
22731599

818 S Main St, Las Vegas, NV 89101

JB
NV 1001717
One Commercial
Listed by One Commercial
$3,550,000
428 days on market
Updated 112 days ago

818 S. Main Street

Details
APN 139-34-310-007
Property Type Retail, Special Purpose
Sub Type Bar, Restaurant
Square Footage 7,909
Net Rentable (SqFt) 7,909
Units 1
Cap Rate 3.43%
NOI $121,758
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $449
Broker Co-Op Yes
Class A
Year Built 1958
Year Renovated 2016
Buildings 1
Stories 1
Acreage 0.370
Zoning C-M
Investment Type Stabilized
Ceiling Height 15

Retail | 3.43% CAP | 7,909 SF

Marketing description

818 S. Main St. is a fully renovated banquet / events space with full kitchen, three (3) bathrooms, office space with onsite parking accessed from both Main Street and Commerce Street. The property sits between the Arts District and Downtown Las Vegas, offering nearby Interstate-15 access via Charleston BIvd, just about 1 mile west. This prime location places the property within walking or riding distance to the Arts District, Downtown, and the Strip while still providing excellent valley-wide access for local residents. Positioned in the heart of DTLV, 818 S. Main St. lies at the gateway to the Arts District, one of the most sought-after real estate markets in the Valley. When new restaurants or businesses look to open, the Arts District remains at the top of their list. Its reputation as the most inclusive neighborhood in Las Vegas, where people from all backgrounds come together, sets it apart. The restaurants, bars, and businesses in this vibrant district have weathered the challenges of 2020 stronger than many others across Southern Nevada. The City of Las Vegas is fully committed to the redevelopment of Downtown, and this dedication is evident in its largest infrastructure project ever—a $130 million renovation of Las Vegas Bivd, extending from Sahara Avenue into Downtown. This ongoing transformation will extend The Strip, calm traffic, and enhance the pedestrian experience with wider sidewalks, ideal for outdoor dining, the addition of shade trees, and a cohesive lighting design that will invigorate the area.

The focal point between Fremont and The Arts District - Located in The Arts District. Surrounded by The Fremont Street Experience, Symphony Park, The UNLV Medical District, Downtown Business District, World Market Center, Clark County Government Center, The Smith Center, and the North Premium Outlets. The prime location of 818 S. Main within the Downtown submarket offers some of the area's most authentic and creative food, beverages and art. Featuring a walkable street scene centered around a variety of independent businesses, including local favorites: Todd English Hotel, Vesta Coffee Roasters, Makers & Finders, REBAR, Velveteen Rabbit, Esther's Kitchen, Buffalo Exchange, Jammyland, and many more.

Investment highlights

  • Immediate Access to I-15 & US-95

  • Street Parking along Main St. & Commerce St. with ingress/egress from Main St. and Commerce St.

  • More Than 12,000 Employees, 6,000 Hotel Rooms, and 1,300 High-rise United in Immediate Proximity

  • On site parking of 19 spaces

  • Full renovated building with Full Kitchen, large banquet events space, three (3) restrooms, private offices

  • Property located within 300 yards of the newly built City of Las Vegas “Civic Plaza” which is two (2) Class A mixed use buildings spanning a combined 248,305 square feet. Civic Plaza is a beautiful, large open pavilion for gatherings and events and will have hundreds of City employees in office space.

  • 818 South Main is placed in the heart of Las Vegas’ celebrated Downtown, a hub of world-class dining options and an ever-growing array of arts, culture, and entertainment.

Listing Contacts

JB
NV 1001717
One Commercial
Listed by One Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$121,758.00
$10,146.50/mo

Valuation Metrics

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DSCR
3.43%
Cap Rate
3.43%
ROI

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