Vacant Freestanding Tavern - Owner-User Opportunity
PRICE REDUCED! $2.1M | Real Estate Sale | Previously Licensed for 15 Gaming Machines
Marketing description
PRICE REDUCED | $2,100,000
Motivated Seller | Ready to Close Fast | Bring Offers Today
The Vincent Advisory Group of LOGIC Commercial Real Estate is pleased to present the opportunity to acquire a former restaurant and tavern property at 1590 E. Flamingo Rd in Las Vegas, Nevada. The ± 4,791 SF freestanding building sits on ± 0.55 acres and features a full commercial kitchen, dining room, bar, and a covered patio. The property has been well maintained with recent capital improvements to the roof, parking lot, and HVAC systems. The previous business recently operated with a restricted gaming license for 15 machines, creating a rare value-add opportunity for a tavern operator or investor.
Positioned in a densely populated infill area with over ± 438,737 residents within a five-mile radius, the site offers prime visibility along Flamingo Rd. with traffic counts of ± 41,500 CPD. Its central Las Vegas Valley location near the Resort Corridor within the university retail district places it within close proximity to UNLV, the Las Vegas Strip, and Thomas & Mack Center.
We invite you to learn more about this exciting opportunity!
Link to Offering Memorandum: https://logiccre.com/confidentiality-agreement-1590-e-flamingo-rd-las-vegas-nv-89119/
Investment highlights
PRICE REDUCED | $2,100,000
Motivated Seller | Ready to Close Fast | Bring Offers Today
Rare Owner-User or Investor Opportunity – Fee Simple Ownership
Opportunity to acquire a freestanding restaurant/tavern with land and building included, providing full control without a lease or landlord. The building is currently vacant, offering flexibility for renovations and immediate occupancy.
Unbranded, Value-Add Opportunity
The property is currently vacant, giving a new owner the ability to renovate and brand the space to their own concept. With a full commercial kitchen, dining room, bar areas, and covered patio already in place, the building is well suited for a variety of uses, including gaming tavern, sports bar, restaurant, or lounge with live entertainment.
Privileged Gaming License
The property previously operated with a Nevada restricted gaming license for 15 machines—a highly sought-after entitlement in the Las Vegas Valley. With strict location requirements limiting new licenses, this presents a rare opportunity to secure gaming entitlements in a proven tavern location.
Well-Maintained with Recent Capital Expenditures
The property has been well-maintained with recent improvements, including new parking lot asphalt (October 2023), a new roof (Silicone Restoration Coating System) with a 10-year material warranty (October 2024), and a 4-ton HVAC unit (May 2023).
Central Las Vegas Location with Prime Visibility
Located just east of the signalized intersection of Flamingo Rd. and Algonquin Dr, the property benefits from prime visibility and strong traffic counts of ± 41,500 CPD along Flamingo Rd. Positioned in the heart of the university retail district, it sits within minutes of UNLV, the Las Vegas Strip, and Thomas & Mack Center—an ideal location for attracting both local and visitor traffic.
Strong Demographics
The Property is situated within a mature, densely populated submarket with a population of ± 438,737 and an average household income of over $76,681 within a 5-mile radius.
Abundant Parking
Positioned on a ± 0.55 acre parcel with over 32 parking spaces, and cross-parked with additional spaces from neighboring properties, the Property is ideal for high-volume food, beverage, and gaming traffic.
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