201 S Las Vegas Blvd Las Vegas, NV
High-Image Owner-User Opportunity in DTLV | 2nd + 3rd Floors of Jewel-Box Bldg.
Marketing description
OWNER-USER AVAILABILITY
2nd Floor | 9,389 SF | Asking Price $5,633,400
3rd Floor | 9,522 SF | Asking Price $5,713,200
Compelling Market Momentum
—Strong Market Fundamentals and Rent Growth | Since Q1 2015, average direct rents (FSG) have grown at a compound quarterly growth rate of 0.6%, translating to a 2.65% compound annual growth rate. During this period, the Las Vegas office market has recorded a total of 6.4 million square feet of direct positive net absorption with 5 consecutive quarters of positive absorption since Q3 2024.
—Business-Friendly Environment Driving Corporate Migration | Nevada’s no state income tax, low cost of living, and pro-business policies continue to attract major employers such as Amazon, Google, X, Space X, and Fidelity National Financial, fueling demand for high-quality office space in Las Vegas.
Excellent Location in the Heart of the Downtown Las Vegas
—Strategic Location with Direct Access to Key Demand Drivers | 201 Las Vegas Blvd offers an unparalleled advantage for professionals and businesses seeking proximity to the heart of the city’s legal and civic hub. Located just steps away from the downtown courts, this property ensures effortless access to the Regional Justice Center, Federal Courthouse, and other key government offices. The convenience of being within walking distance saves valuable time, reduces transportation costs, and enhances productivity for legal teams, clients, and anyone engaged in civic or judicial matters.
—Unmatched Synergies with Las Vegas's Renowned Destinations | The property sits directly adjacent to Las Vegas’ creative and entertainment districts, placing it at the epicenter of Las Vegas’s entertainment boom. These venues attract millions of visitors annually, creating unmatched synergies for “live, work and play.”
Investment highlights
Owner-User Opportunity in the Downtown Las Vegas Submarket with Building and Monument Signage
—High-Image Owner-User Opportunity | Totaling up to ±18,911 SF on floors two and three of a jewel-box building, the turnkey opportunity is move-in-ready with significant recent improvements and floor-to-ceiling window lines. The two full-floor units can be purchased together or separately, providing flexible investment options.
—Newly-Improved, Amenity-Rich Asset | Nearly $27 million (value reflects only shell & tenant improvements and does not include any additional FF&E investments) has been invested by ownership, which includes an adjacent multi-level parking garage. This included approximately $2.1 million for floors 2 and 3. Such investments significantly extend the building’s economic life and reduces future capital investment risks.
The building’s spaces includes several in-place restaurants on the ground floor and future rooftop restaurant use, providing building occupants with sought-after on-site dinning and entertainment amenities.
—Owner User Advantage | This is an ideal corporate headquarters investment that provides an attractive lease-savings trade-off. As opposed to leasing space, purchasing this property can provide protection against future rental market uncertainty and interest rate hikes, offering occupancy control, tax benefits, and after-tax equity accumulation. For example, ownership of floor 3 for a user could provide approximately $21,879/month tax savings or loss carry forward.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
