2061 Losee Rd - Auto Repair FOR SALE


North Las Vegas, NV 89030
$2,590,000 USD
310-930-1883
2061 Losee Rd, North Las Vegas, NV for Sale
$2,590,000 USD
Auto Repair - FOR SALE
1/28
null | Request Cap Rate

2061 Losee Rd
North Las Vegas, NV 89030


HIGHLIGHTS

  • STRATEGIC LOCATION IN LAS VEGAS
  • FLEXIBLE FOR MULTIPLE INDUSTRIES
  • AMPLE PARKING FOR BUSINESSES
  • TIGHT SMALL-BAY VACANCY
  • PRIME INDUSTRIAL ZONING
  • ATTRACTIVE PRICE POINT

OVERVIEW

We present 2061 Losee Road in North Las Vegas, a strategic multi-tenant investment where the seller is willing to carry a long term note. This 11,424 SF auto repair and industrial facility sits on 0.74 acres, offering rare M3 zoning and flexible leasing at $2,590,000 ($227/SF). Located south of the Losee Road and Lake Mead Boulevard intersection, the property offers excellent access less than one mile from the I-15 interchange. With daily traffic exceeding 125,000 vehicles along the interstate corridor, the site is ideal for automotive and service businesses requiring rapid valley connectivity. Built in 1986, the adaptable layout is configured as three distinct operational spaces, modified from nine bays to suit larger tenants; along with three offices and four restrooms prepared for a national tenant. Additionally, the replacement cost of an asset such as this would exceed at minimum 3.25 million. The site features a high parking ratio of 3.28 per 1,000 SF and verified absence of underground tanks, mitigating environmental risks while supporting intensive industrial use. Three tenants occupy the configured spaces on a month-to-month basis for a new owner to make a clean transition. For details on the existing tenants and their tenure, please contact Kandace Murphy, the listing agent. The asset benefits from a supply-constrained submarket where vacancy for shallow-bay industrial space has tightened, driven by limited new inventory under 20,000 SF. The location is poised for appreciation and rental growth. 2061 Losee Road represents a robust investment opportunity for buyers seeking a rare M3 zoned asset with stabilized income. The existing tenants will consider long term leases if a new owner prefers them to stay. The existing rents currently reflect a 5% cap plus cams.

FOR SALE DETAILS

PRICE

$2,590,000 USD

PRICE/SF

$227 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

M-3

APN/PARCEL ID

139-22-602-003

ASK ABOUT THIS PROPERTY

Kandace MurphyCentennial AdvisersMore Info
310-930-1883

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Kandace MurphyCentennial AdvisersMore Info
310-930-1883

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.