POLARIS COMMERCE CENTER
Owner/User or Investor Opportunity - With Income
3430-3450 Polaris Avenue
LAS VEGAS, NV 89102

Property Details

Highlights:

Offering Price:

Total Parcel Size:

Gross Rentable SF:

Proposed Zoning:

$3,545,000

.93 Acres

+/-12,893 Sq Ft

Commercial Resort (CR)​

Rare opportunity to acquire a 12,893 square foot industrial/commercial park situated upon .93 acres of land with Commercial Resort (CR) Zoning and Land Use (EM) Entertainment Mixed-Use adjacent to the Las Vegas Resort Corridor in the bustling Chinatown district.​

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PROPERTY SUMMARY

Marcus & Millichap is pleased to present this exciting owner-user or investment opportunity to acquire a 12,893 square foot three-building industrial/commercial park situated upon .93 acres of land located at 3430-3450 Polaris Avenue in the Chinatown District of Las Vegas.

In addition to office space, each building features two 10’ wide x 14’ high roll-up doors and one well dock, with 17.5” clear heights. 

Building 3450 consists of ±5,600 square feet and is currently vacant, offering flexibility for an owner to occupy or lease to a new tenant.

LOCATION AND ACCESSIBILITY
The offering is centrally located in Las Vegas just west of Interstate 15 (I-15) and minutes to the Las Vegas Strip. Spring Mountain Road is a major east/west thoroughfare that is amongst the most heavily trafficked Las Vegas roadways and connects with the Strip and I-15. It has also recently been announced that the future Vegas Loop has received County approval to add a station nearby.

SURROUNDING AMENITIES & ECONOMIC DRIVERS
The immediate surrounding area is complemented by casino & resort destinations including Wynn, Encore, Venetian, Palazzo, Resorts World Las Vegas as well as the Fashion Show Mall.
Las Vegas has a strong economy, a growing population, and a limited supply of available centrally located land. Additionally, Nevada offers a number of tax advantages to commercial real estate owners.

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• Three buildings situated upon .93 acres of land fully occupied with commercial and industrial tenants

• Immediate proximity to Interstate 15 on Spring Mountain Road at the entrance to Chinatown

• Located within an Opportunity Zone

• Adjacent to the unique retail and dining experiential destination that is the Chinatown and Asian District frequented by locals and visitors alike

• Significant daytime and nighttime traffic from both Las Vegas residents and tourists with +/- 53,500 VPD on Spring Mountain Road

• High demand industrial and commercial submarket with limited availability

• Limited vacancy in Spring Mountain / Chinatown corridor with average rents of $34.55/NNN for retail space

• Building 3450 with ±5,600 square feet recently vacated and can be occupied by an owner/user or is available to lease to a new tenant