8505-8515 S Eastern Ave - Storefront Retail/Office FOR SALE


Las Vegas, NV 89123- South Las Vegas
$8,860,000 USD
702-954-4109
8505-8515 S Eastern Ave, Las Vegas, NV for Sale
$8,860,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 6.39% Cap Rate

8505-8515 S Eastern Ave
Las Vegas, NV 89123
South Las Vegas


HIGHLIGHTS

  • Compelling retail investment opportunity at one of the most prominent areas in the Las Vegas Valley
  • Anchored at the intersection of Wigwam and Eastern Avenues, this established retail center sits within a thriving retail corridor
  • The property benefits from exceptional freeway proximity and strong daily traffic volumes, offering the next owner immediate income
  • Value-add upside: NOI includes a 6-month rent holdback for the vacant Suite 103 (± 1,248 SF), offering near-term lease-up opportunity.

OVERVIEW

Stable in-place income Diversified, established tenant roster. The center is anchored by Village Pub, Check City, and Fuzzy Dice — a complementary mix of food & beverage, financial services, and entertainment tenants that drive consistent, recurring traffic. Tenant diversity reduces income concentration risk for the buyer. Value-add upside Near-term lease-up opportunity in Suite 103. The NOI reflects a 6-month total rent holdback on the vacant Suite 103 (±1,248 SF), providing a buyer with immediate upside upon stabilization. This single vacancy represents a low-risk path to increased cash flow without the need for capital improvements or re-tenanting of existing occupied spaces.

FOR SALE DETAILS

PRICE

$8,860,000 USD

PRICE/SF

$752 USD /SF

CAP RATE

6.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastwig Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Restaurant, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

CROSS STREETS

Wigwam

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

C-2

APN/PARCEL ID

177-14-710-003

ASK ABOUT THIS PROPERTY

Jason OtterLogic Commercial Real EstateMore Info
702-954-4109

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Jason OtterLogic Commercial Real EstateMore Info
702-954-4109

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