3847 S Eastern Ave - Office FOR SALE


Las Vegas, NV 89169- Paradise Palms
$795,000 USD
702-781-3117
3847 S Eastern Ave, Las Vegas, NV for Sale
$795,000 USD
Office - FOR SALE
1/25
null | 7% Cap Rate

3847 S Eastern Ave
Las Vegas, NV 89169
Paradise Palms


HIGHLIGHTS

  • Very Creative Space can be used as a Live/Use Opportunity
  • Private Back Area Oasis with Heated Pool/Jacuzzi and Rock Waterfall, Beachy Sitting Area with Firepit, Covered Patio for Hot Summer Days
  • Has a Very Large Office Space consisting of 34'x18' with a Seperate Entrance

OVERVIEW

The property was originally zoned R-1 and was later successfully rezoned to C-P by the prior owner, allowing for a wide range of commercial and residential uses. Permitted uses include senior adult living, sober living (up to 27 beds), hostel accommodations, nursing care facilities, and other approved specialty residential uses. The current owner is operating the property as a sober living facility, with all office spaces converted and utilized as bedrooms. The building is a two-story structure featuring seven office/bedroom spaces—four on the ground level, of which 2 of them are very large. You can put 4 to 8 beds in each bedroom. and three on the upper level—along with two bathrooms, one on each floor. The property includes a full-size kitchen and breakroom, as well as a double-sided wood-burning fireplace that serves multiple common areas. There is regular bedrooms upstairs and four on the ground level. The exterior offers a private, expansive backyard designed for relaxation and group use, complete with a heated swimming pool and jacuzzi featuring a rock waterfall. A separate sitting and recreation area provides a beach-style atmosphere with sand and a firepit, complemented by a covered patio ideal for comfort during hot summer months.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Creative Office - Owner/User

PROPERTY TYPE

Office

ADD'L SUBTYPES

Day Care Center, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

C-P

APN/PARCEL ID

162-14-710-040

ASK ABOUT THIS PROPERTY

Larry StrychalskiInternational Realty LVMore Info
702-781-3117

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

Larry StrychalskiInternational Realty LVMore Info
702-781-3117

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