120 & 124 S. 6th St. Las Vegas, NV 89101

120 - 124 S. 6th St. Las Vegas, NV 89101

— For Sale —

Offering Price $10,134,000

Total NOI $683,743

Blended CAP Rate 6.75%

Total Building Square Footage ± 17,749 SF

Property Information

Tony @ Carson is a mixed-use retail & office value-add investment opportunity located in the heart of Downtown Las Vegas, just minutes from the Fremont Street Experience at the signalized intersection of E. Carson Ave. and S. 6th St. Situated within an Opportunity Zone, the offering includes two adjacent 0.33-acre parcels, with a two-story retail and office building on one, and a fully leased public parking lot currently under lease to the City of Las Vegas, on the other.

The building offers a value-add opportunity and stabilizes the Offering to an 8.73% cap rate. This assumes 5-year lease terms, $70 PSF tenant improvements, and 6% leasing commissions. The Property is currently 76% occupied and features a diverse mix of restaurants, including a rooftop patio, ancillary office tenants, along with a second-floor event/banquet center and centralized courtyard. The parking lot provides a growing, consistent income while the current vacant suite offers lease-up upside. Tony @ Carson represents a compelling cash flow opportunity with upside and a potential long-term development play in one of Las Vegas’s most active and evolving urban corridors.

Contact

Brokerage

Cathy Jones,
CPA, SIOR, CCIM

Executive Vice President
Las Vegas
License BS.0056010
C 702.595.8765
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Brokerage

Blaze Katz, CCIM

Senior Associate
Las Vegas
License S.0195070
C 702.690.0407
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Brokerage

Paul Miachika

Executive Vice President
Las Vegas
License S.0184612
O 602.814.0661
C 602.670.6576
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Brokerage

Allyson Weber

Associate
Las Vegas
License S.0199573
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O 702.954.4183
C 702.278.8865
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Brokerage

Kimberly Boyle

Associate
Las Vegas
License S.0204210
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O 702.954.4174
C 702.807.0186
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