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28669939
28669940

325 S 3rd St, Las Vegas, NV 89101

TW
CA 01754440
Centennial Advisers
Centennial Advisers
Listed by Centennial Advisers
$2,600,000
190 days on market
Updated 120 days ago
Opportunity zone

Barrister Building | Value Add Opportunity | Flexible Layout

Details
Property Type Mixed Use, Office
Sub Type Executive Office, Traditional Office
Square Footage 6,800
Units 13
Pro-Forma Cap Rate 5.77%
Pro-Forma NOI $150,000
Price per SqFt $382
Year Built 1960
Year Renovated 2024
Stories 2
Acreage 0.160
Zoning C-2, Las Vegas

Mixed Use | 6,800 SqFt

Marketing description

EXECUTIVE SUMMARY

Centennial Advisers presents The Barrister Building, an exceptional value-add

acquisition opportunity located in the heart of Las Vegas’ most prestigious legal

corridor. This 6,800 SF mixed-use property at 325 S. 3rd Street is 100% vacant,

offering unmatched f|exibility for owner-users and investors alike. The two-story

structure features 4,600 SF of leasable space across 13 f|exible suites, providing the

perfect opportunity for law {rms or professionals seeking a presence in Las Vegas’

thriving legal hub.

The property’s prime location, directly across from the Las Vegas Justice Court and

within walking distance of the Regional Justice Center, Clark County Government

Center, and other major government buildings, offers unparalleled convenience for

law {rms and legal professionals. The building’s corner exposure on S. 3rd Street and

Lewis Avenue ensures exceptional brand visibility and high foot traffic from

attorneys, clients, and court personnel daily.

The property is offered at $2,600,000, with a price per SF of $371. This presents an

excellent opportunity to acquire an asset in a district with limited of{ce supply,

supported by a government employment base and strong demand from legal

professionals. The proforma income potential exceeds $150,000 annually at market

rents, significantly higher than the previous rent roll of $100,260.

This vacant condition allows for immediate customization without tenant

negotiations or buyouts, making it ideal for owner-users looking to design their ideal

legal of{ce or investors seeking to reposition the property to market rates. The

Barrister Building provides complete f|exibility to reconfigure space, create signature

office environments, and capitalize on its strategic location in the Downtown Las

Vegas redevelopment district.

Investment highlights

  • STRONG DEMOGRAPHICS WITH GROWING POPULATION

  • URBAN CORE WITH SOLID VACANCY RATES

  • APPEALING INCOME LEVELS

  • LAS VEGAS' REDEVELOPMENT DISTRICT

Listing Contacts

TW
CA 01754440
Centennial Advisers
Centennial Advisers
Listed by Centennial Advisers

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