2500 W Sahara Ave - Medical FOR SALE


Las Vegas, NV 89102- Rancho Oakey
$4,600,000 USD
702-746-5002
2500 W Sahara Ave, Las Vegas, NV for Sale
$4,600,000 USD
Medical - FOR SALE
1/10
null | 7.68% Cap Rate

2500 W Sahara Ave
Las Vegas, NV 89102
Rancho Oakey


HIGHLIGHTS

  • On-site professional property management
  • Year One CAP rate at 7.68% with 9% existing vacancy for 2020sf
  • Multiple Medical Tenants: ARC Health, Consultants Medical Group & Individualized Mindful Solutions — recession-resistant income.
  • Centralized location within the West Las Vegas sub-market, close to medical district and Clark County court house
  • Convenient transportation, right by I15 exit, near bus stop

OVERVIEW

Marketing description 2500 W. Sahara Avenue is a well-maintained, professionally managed two-story office building in a highly central Las Vegas location. Situated directly across from the recently renovated Palace Station Casino near W. Sahara Avenue and Rancho Drive, the property offers convenient access to I-15, US-95, the Las Vegas Strip, Downtown Las Vegas, and the Clark County Courthouse. The West Sahara corridor is one of Las Vegas’ most established mid-city professional and medical office corridors. With C-1 zoning and a versatile office configuration, the property is well suited for medical and behavioral health practices, law firms, accounting and financial services, counseling, training centers, photography studios, and a wide variety of professional and general office users. The building is professionally managed with long-term onsite property management and is maintained to a high standard. Existing occupants include medical consultation/testing groups, a Farmers Insurance agency, Americare, and onsite property management, creating an established professional-office environment. One of the property’s key advantages is its abundant surface and covered parking—a rare feature for such a centrally located Las Vegas office property and particularly valuable for medical, training, and other parking-intensive users. Building Features The two-story building includes elevator access and is fully sprinklered to accommodate businesses with fire-sprinkler requirements. Recent building upgrades include newly installed interior and exterior security cameras, automatic locking/access-control systems, and a new monument/pylon sign providing prominent exposure along busy W. Sahara Avenue. Interior common areas, including hallways and restrooms, receive daily cleaning. Most suites have private in-suite restrooms, while tenants and visitors also have access to additional common-area restrooms on both floors. The building provides four exits, including two primary entrances and two stairway exits, offering convenient circulation and multiple points of access. Excellent Central Las Vegas Location Located on heavily traveled W. Sahara Avenue directly across from Palace Station Casino, the property combines strong visibility with excellent regional accessibility. Its location between I-15 and US-95 provides convenient access throughout the Las Vegas Valley while remaining only minutes from the Strip and Downtown. With its central location, abundant parking, professional management, elevator access, sprinkler system, security upgrades, flexible suite configurations, and prominent new Sahara Avenue signage, 2500 W. Sahara Avenue offers an excellent opportunity for businesses seeking quality professional or medical-oriented office space in one of Las Vegas’ most established commercial corridors. Investment highlights * Centralized location within the West Las Vegas sub-market * On-site professional property management * Significantly below the current comparable market sales (asking price) * Below Replacement Cost: ~$205/SF vs. $400-$450/SF for new construction in Las Vegas. * Year One CAP rate at 7.68% with 9% existing vacancy * High Proforma CAP at 9%: Well above market for comparable medical/office assets. * Multiple Medical Tenants: ARC Health, Consultants Medical Group & Individualized Mindful Solutions — recession-resistant income. * One vacancy for 2020sf, ready to occupy * New 5-Year Lease Signed Jan 2026: Individualized Mindful Solutions (5,584 SF) — confirms strong demand.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

7.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Paseo Financial Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

C-1

APN/PARCEL ID

162-05-818-004

ASK ABOUT THIS PROPERTY

Cici ZhouPalm Land LLCMore Info
702-746-5002

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Cici ZhouPalm Land LLCMore Info
702-746-5002

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