306 9th St - Apartments FOR SALE


Las Vegas, NV 89101- Downtown Las Vegas
$1,200,000 USD
702-406-6867
306 9th St, Las Vegas, NV for Sale
$1,200,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

306 9th St
Las Vegas, NV 89101
Downtown Las Vegas


HIGHLIGHTS

  • Immediate possession, no tenant disruptions, and full customization potential under T5-MS zoning for mixed-use
  • Multifamily Residential Improvement Program
  • Sales/Use Tax Abatement
  • Redevelopment Agency oversees revitalization efforts in designated zones like Downtown Las Vegas where this property is located
  • Developer Grant Fund
  • Buyer to independently verify all information

OVERVIEW

11-Unit Multifamily Redevelopment Opportunity in Downtown Las Vegas' Explosive Arts District Entire property is fully vacant, gutted, and ready for redevelopment -- Photos for reference only.  Current exterior boarding complies with basic security (per City code on unsecured structures) Developer's dream: Immediate possession, no tenant disruptions, and full customization and more expansion potential under T5-MS zoning for mixed-use Three (3) masonry buildings constructed in 1952, totaling 7,050 SF Spacious lot of 0.21 acres (9,148 SF) 17 dedicated surface parking spaces On-site laundry facility; unit balconies (to be rehabbed) Exceptional walkability and transit score Assessor's Parcel Number (APN): 139-34-612-069 (1) studio 300sf (9) 1 bdrm 500 sf (1) 2 bdrm 675 sf avg unit size 498 sf Situated in vibrant Downtown Las Vegas Walking distance to Fremont Street, Arts District, and Downtown Casinos & Restaurants Only 14 minutes to Harry Reid International Airport. Prime real estate with high visibility along N 9th St. Perfect for contractors and developers seeking vacant, ready-to-renovate assets Disclaimer Buyer to independently verify all information.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

11

PRICE/UNIT

$109,091

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11-Unit Multifamily Redevelopment Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

T5-MS Zoning

APN/PARCEL ID

139-34-612-069

ASK ABOUT THIS PROPERTY

Joe GriffisGriffis Realty Investments, LLCMore Info
702-406-6867

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Joe GriffisGriffis Realty Investments, LLCMore Info
702-406-6867

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