4974 E Sahara Ave - Storefront Retail/Office FOR SALE


Las Vegas, NV 89104- Sunrise Manor
$3,150,000 USD
702-232-3490
4974 E Sahara Ave, Las Vegas, NV for Sale
$3,150,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 7.68% Cap Rate

4974 E Sahara Ave
Las Vegas, NV 89104
Sunrise Manor


OVERVIEW

Introducing the Sahara-Nellis Mixed-Use Center, a rare and high-potential investment opportunity that blends office, retail, and storage space, situated in a extremely busy corridor in Las Vegas. This property spans approximately 10,248 square feet of office and retail space, offering 16 office/retail suites and approximately 8,450 square feet of storage space spanning 47 units situated on 1.22 acres of land. Its prime location is strategically positioned along a dense retail corridor, shadow-anchored by Smith’s and surrounded by an impressive mix of national tenants like Starbucks, Walgreens, FedEx, and Bank of America. This site is designed to thrive in a market with strong fundamentals and future growth drivers. The market conditions surrounding this asset are particularly compelling. Las Vegas’ commercial real estate supply is at a historic low, with new commercial deliveries in 2025 expected to fall below 900,000 square feet, creating a rare opportunity in a tightening market. Vacancy rates in the valley have dropped to a 17-year low of 5.1%, with the current availability rate of 5.3% marking the lowest year-end rate since pre-2008. These tightening conditions signal a strong demand for space, further bolstered by a growing daytime population of over 153,000 people within a 3-mile radius and 13,316 households within a 1-mile radius. The rental growth potential here is significant. The retail component is backed by leases with built-in 2% annual rent escalations, while the storage units offer flexibility with monthly re-pricing to keep pace with market trends. Over the past year, rents in Las Vegas have climbed 4.9%, outpacing the national average, and the market has sustained six consecutive years of rent growth, signaling a continued upward trajectory. The property’s location also ensures constant visibility and traffic, benefiting from its proximity to major national retailers and attracting steady consumer attention. With national tenants in close proximity and a high volume of foot traffic, this center is primed for sustained tenant retention and future value appreciation. Sahara-Nellis Mixed-Use Center stands out as a strategic investment in a market with unmatched growth drivers, limited supply, and strong long-term potential. This is an opportunity to tap into one of the fastest-growing real estate markets in the nation and secure a solid return on investment in an environment of rising demand and constrained supply.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

7.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sahara-Nellis Mixed-Use Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

CROSS STREETS

Nellis Blvd

LAND ACRES

1.22 AC

LAND SF

53,259 SF

ZONING

C-1

APN/PARCEL ID

161-05-810-207

ASK ABOUT THIS PROPERTY

Mark MusserNorthcapMore Info
702-232-3490

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Mark MusserNorthcapMore Info
702-232-3490

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