522 W. Washington Ave.
Office | 10,124 SqFt | Price Reduced
Marketing description
Prime Commercial Opportunity in Las Vegas' Historic Westside
Discover exceptional potential in this 10,124 SF U-shaped commercial property, positioned in Las Vegas' Central West submarket.
Property Highlights
This vacant property features a fully-equipped commercial kitchen, multiple restrooms with shower facilities, and a variety of adaptable rooms ideal for diverse business applications. The unique U-shaped configuration maximizes both functionality and flexibility.
Strategic Location & Investment Climate
Located in the Historical Westside, an estimated $1 billion being invested in the surrounding area—including new housing developments, modern infrastructure, and a planned library—you'll be positioned at the epicenter of Las Vegas' next great transformation.
Exceptional Financial Advantages
SBA Financing Eligible - Streamline your acquisition with favorable financing options.
Substantial City Incentives:
Facade Improvement Program (VIP): 50% rebates up to $25,000 for property enhancements
Owner's Participation Agreement (OPA): Rebates up to $95,000 for larger-scale investments
Powerful Tax Benefits:
Located within the City's Redevelopment Agency (RDA) area
Federally designated Opportunity Zone status enables capital gains deferrals through qualified Opportunity Fund purchases
Additional city and state incentives available
Investment highlights
The ± 10,124 SF U-shaped property has a commercial kitchen, multiple restrooms with showers, and a variety of rooms
The vacant property is located in the Central West submarket (Historical Westside) and would qualify for SBA financing
An estimated $1B is being invested in the area, including new housing, infrastructure, and a library.
The City of Las Vegas is offering multiple incentives/programs: • Facade Improvement Rebates: Visual Improvement Program (VIP) offers 50% rebates up to $25,000, while Owner's Participation Agreement (OPA) provides rebates up to $95,000 for larger investments • Tax Benefits: Property is located in the City's Redevelopment Agency (RDA) area and federally designated Opportunity Zone, allowing for capital gains deferrals through qualified Opportunity Fund purchases
Additional City and State incentives may be available.
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