Listed by JLL - Las Vegas, Nevada, Marcus & Millichap - Las Vegas, Institutional Property Advisors, Marcus & Millichap - Phoenix
$2,934,000
203 Water Street
Details
APN 179-18-710-227
Property Type Office, Mixed Use
Sub Type Traditional Office, Creative Office
Square Footage 13,019
Units 20
Occupancy 31%
Tenancy Multi
Lease Expiration 03/31/2031
Price per SqFt $225
Class B
Year Built 2006
Buildings 1
Stories 3
Acreage 0.130
Zoning DCC
Parking Spaces 20 spaces
Parking per 1,000 SqFt 1.54
Investment Type Value Add
Ground Lease No
Ownership Fee-Simple
Located in the Heart of Downtown Henderson | Prime Owner User Opportunity | Recent Building Upgrades
Marketing description
Marcus & Millichap and JLL are pleased to offer for sale a premier Class A office building located at 203 Water Street (the "Asset" or "Property") in the heart of Henderson within the Las Vegas MSA. This high-quality, three-story mixed-use property presents a rare owner-user opportunity to occupy the second and third floor office space while controlling a well-located asset in one of the region's most vibrant and rapidly growing urban corridors.
Investment highlights
- Prime Downtown Henderson Location: Situated in the heart of the Water Street District, a revitalized, walkable community featuring a dynamic mix of retail, dining, entertainment, and residential offerings
- Surrounded by Key Destinations: The area is home to high-traffic attractions such as the Rainbow Club & Casino, Emerald Island Casino, and the America First Center, official practice facility of the Henderson Silver Knights
- Excellent Regional Connectivity: Located less than half a mile from Highway 564 and just over 1.5 miles from Interstate 11, the property offers convenient access to major corridors linking Las Vegas to Phoenix and the greater Southwest region
- Outstanding owner-user opportunity, with the second and third floors currently occupied by month-to-month tenants, providing flexibility for an owner to occupy the space as needed
- +/-9,850 SF of space available on the second and third floor
- High-visibility location at a signalized corner and across from the street from the official practice facility of the Henderson Silver Knights
- Three-story, +/- 13,019 square foot mixed-use office and retail Asset
- Constructed in 2006 with distinctive Art Deco architecture, making it a standout Asset in downtown Henderson
- Recent renovations and modern upgrades enhance functionality and curb appeal, positioning the property among the most sought-after buildings in the area
Listing Contacts
Listed by JLL - Las Vegas, Nevada, Marcus & Millichap - Las Vegas, Institutional Property Advisors, Marcus & Millichap - Phoenix
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