
4889-4895 E Craig Rd - Commercial Corner - Las Vegas
16.93% Cap Rate Upside
Marketing description
Discover a lucrative opportunity to own 4889-4895 E Craig Rd. 4889-4895 E Craig Rd, Las Vegas, NV 89115 presents a compelling opportunity to acquire a multi tenant automotive and retail asset on a high visibility corner along heavily trafficked East Craig Rd. the offering included two buildings totaling approximately 6,654 SF on a generous +/-26,136 SF lot with light industrial zoning (IL). The front retail/ automotive building is +/-4,270SF and occupied by established month to month tenants, paying below market rent. The tenants include an auto mechanic paying $2800 per month (occupying +/- 2,170 SF), a Thai restaurant paying $1875 per month (occupying +/-1,610 SF), and a tattoo shop paying $675 per month (occupying +/-450 SF). This provides in-place, stable income with upside upon raising the rents to market. The second building 4895 E Craig Rd ±2,384 SF and is currently vacant and offers significant lease-up upside. Previously operated as a self-serve carwash, the vacant building can be used as a self-serve carwash or converted into a tire shop or similar business by adding bay doors , is currently vacant and offers lease-up upside. With current occupancy at 64.17%, the property offers immediate value-add potential for investors and an attractive owner-user opportunity for a mechanic shop seeking frontage, visibility, and expansion potential. Located less than a mile from a major interstate freeway, the property benefits from accessibility, dense surrounding population, a heavily trafficked street, and supply constrained automotive submarket where demand remains strong and growth potential is significant.
*Note: Drive by only. Contact listing agent for tours.
Investment highlights
- 4889-4895 E Craig Rd consists of a total building square footage of +/-6,654 SF and a total lot size of +/-26,136 SF.
- Price is $850,000 - $127.74 / SF
- 16.59% Cap Rate upside upon raising the rents operating the vacant building as a carwash (it was previously operated as a carwash).
- Zoned Light Industrial (IL)
- This property has tremendous upside to increase cashflow for an investor and a rare opportunity for an owner-user automotive operator to own a bustling auto shop on a heavily trafficked street.
Listing Contacts

Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
