Nevada
Las Vegas, Nevada
Asking Price: $2,950,000 | 5.45% Cap Rate |VPO|
Type: Dispensary Eligible
Size: 6,400 sqft. | 2,400 sqft. Lease Available
Description: 🍻 ARTS DISTRICT GEM - PRIME INVESTMENT OPPORTUNITY 🎨
Discover this allure within the vibrant Arts District of Downtown Las Vegas. This prime investment beckons with its strategic location, high traffic volume, and close proximity to renowned attractions, creating a melting pot of experiences.
🎨 PROPERTY HIGHLIGHTS 🎨
- Sale Type: Investment or Owner User
- Property Type: Retail
- Property Subtype: Restaurant
- Building Size: 6,400 SF
- Building Class: C
- Year Built/Renovated: 1962/2023
- Price: $2,950,000
- Price Per SF: $461
- Cap Rate: 5.45%
- NOI: $160,800
- Percent Leased: 63%
- Tenancy: Multiple
- Building Height: 1 Story
- Building FAR: 0.40
- Land Acres: 0.37 AC
- Zoning: C-M - Mixed Commercial
- Parking: 8 Spaces (1.25 Spaces per 1,000 SF Leased)
- Frontage: 65 FT on S Commerce St
🎨 VIBRANT ARTS DISTRICT 🎨
Positioned in the Arts District, this property is the epitome of urban allure. The energetic atmosphere draws a diverse mix of art enthusiasts, food connoisseurs, and those seeking vibrant nightlife. With galleries, trendy shops, entertainment venues, and a burgeoning culinary scene, it's a dynamic neighborhood with endless possibilities.
🍻 CIN CIN BREWHOUSE & SEAFOOD BAR 🍤
At the heart of the property lies the Cin Cin Brewhouse & Seafood Bar, an exquisite culinary destination. Helmed by renowned chef Virakone Vongphachanh ("Chef V"), this restaurant offers a unique dining experience. With a delectable menu, innovative cocktails, and stylish ambiance, it's set to become a sought-after locale for locals and tourists alike.
🎨 SUITE B: A BLANK CANVAS 🎨
Suite B offers a vacant 2,400 SF grey-shell retail space with a 500 SF patio. This versatile space holds immense potential, making it ideal for a lounge, cannabis store, art exhibit, or boutique firm. Its strategic location within the Arts District provides an enticing canvas for creative entrepreneurs.
🍻 INVESTMENT POTENTIAL 🍻
Investing means seizing the opportunity to capitalize on the Arts District's rising popularity. With a prime location, value-add opportunities, and below-market rents, this property holds the promise of an enticing return on investment.
🎨 UNLEASH YOUR CREATIVE SPIRIT 🎨
Don't miss your chance to be part of the vibrant transformation of the Arts District. Embrace the unique experiences, investment potential, and dynamic energy has to offer. Contact us today to uncover more about this exciting investment opportunity! 🎨🍻🏙
Presented by: Nevada Licensed Broker
id code: NV121
Reno, Nevada
Asking Price: $2,500,000 |VPO|
Type: Warehouse Cultivation | License Available
Size: 10,350 sqft. | .57 acres
Description: 🏭 INDUSTRIAL PROPERTY WITH CULTIVATION POTENTIAL 🌿
Explore a unique investment opportunity with this industrial building that is currently being used as a marijuana cultivation facility. With the tenant planning to vacate upon the close of escrow (COE), this property presents the perfect chance to tap into the potential of the burgeoning cannabis industry. Located near the MLK Jr. Memorial Highway US 395, this property offers strategic access to industrial, commercial, and residential areas.
🏭 PROPERTY HIGHLIGHTS 🏭
- Price: $2,500,000
- Price Per SF: $242
- Sale Type: Owner User
- Property Type: Industrial
- Property Subtype: Warehouse
- Building Class: C
- Lot Size: 0.57 AC
- Rentable Building Area: 10,350 SF
- No. Stories: 1
- Year Built: 1996
- Parking Ratio: 1.55/1,000 SF
- No. Drive In / Grade-Level Doors: 4
🌿 CULTIVATION OPPORTUNITY 🌿
The current tenant, using the property for marijuana cultivation, will vacate upon the close of escrow. This presents a unique opportunity for those interested in entering the cannabis industry. The property's infrastructure and location could be advantageous for a cultivation operation.
🏭 STRATEGIC LOCATION 🏭
Situated just minutes from the MLK Jr. Memorial Highway US 395, this property offers convenient access to major transportation routes. Its proximity to industrial, commercial, and residential areas opens up a range of possibilities for future use.
🌿 ADDITIONAL LAND PARCEL 🌿
The property includes an adjacent vacant land parcel of approximately 0.575 acres. This additional land provides potential for expansion or future development, adding to the property's overall versatility.
🏭 PROPERTY FEATURES 🏭
- Industrial building with potential for multiple uses
- One grade-level 12’ roll-up door for easy access
- Fenced lot for security and privacy
🏭 YOUR NEXT INVESTMENT 🏭
Whether you're interested in exploring the cannabis industry or seeking an industrial property with potential for various uses, this property offers an intriguing investment opportunity. Take advantage of its strategic location, versatile features, and additional land parcel. Act now to secure your foothold in this dynamic market! 🌿🏭📈
Presented by: Nevada Licensed Broker
id code: NV123
Carson City, Nevada
Asking Price: $1,900,000 |VPO|
Type: Warehouse Cultivation and License Available
Size: 12,182 sqft. | 3.62 acres
Description: 🌟 UNIQUE UPGRADED INDUSTRIAL OPPORTUNITY 🌟
Discover an extraordinary opportunity with the upgraded 12,182 square foot facility. Priced at $1,900,000, this property presents a remarkable canvas for a variety of ventures. Originally upgraded in 2017 for an indoor marijuana grow facility, this versatile site includes both recreational (RC174) and medical (C174) cultivation licenses, available for separate purchase. The facility's extensive capital improvements accommodate not only cultivation but also hold potential for a cutting-edge manufacturing or distribution hub.
🏭 EXECUTIVE SUMMARY 🏭
- Price: $1,900,000
- Price Per SF: $156
- Sale Type: Investment or Owner User
- Property Type: Industrial
- Subtype: Manufacturing
- Building Class: B
- Lot Size: 3.62 AC
- Rentable Building Area: 12,182 SF
- No. Stories: 2
- Year Built/Renovated: 1980/2018
- Tenancy: Single
- Parking Ratio: 1.64/1,000 SF
🏭 PROPERTY HIGHLIGHTS 🏭
- Versatile Upgraded Facility
- Recreational & Medical Cultivation Licenses Included
- Extensive Capital Improvement Upgrades
- Potential for State-of-the-Art Manufacturing or Distribution
- Abundant Storage & Yard Space
- Prime Industrial Location
🌿 UNLOCKING POTENTIAL 🌿
This property presents an alluring opportunity for entrepreneurs seeking a transformative space. With an extensive list of capital expenditure upgrades completed in 2017, this facility boasts a rich history as an indoor marijuana grow hub. Now, it stands poised for its next chapter, offering not only cultivation licenses but also the potential to be reimagined into a state-of-the-art manufacturing or distribution powerhouse. The property's remarkable upgrades, expansive space, and prime location make it a compelling canvas for diverse ventures. Explore the potential, embrace innovation, and seize the chance to shape the future within this extraordinary industrial setting.
🔗 EXPLORE THE FUTURE 🔗
As you explore this property, envision the possibilities that await. With its unique combination of licenses, capital improvements, and adaptable space, this facility invites innovation and expansion. Whether you're continuing the cultivation legacy or embarking on a new era of manufacturing and distribution, this property holds the key to unlocking a world of potential.
Presented by: Nevada Licensed Broker
id code: NV125
Sparks, Nevada
Asking Price: $8,250,000 |VPO|
Type: Cultivation, Processing with Real Estate
Size: 48,000 sqft. | 1.53 acres
Description: 🌟 INDUSTRIAL EXCELLENCE IN SPARKS, NV 🌟
Welcome to a remarkable owner-user industrial gem encompassing approximately 48,000 square feet. Nestled in Sparks, NV, this industrial marvel offers an exceptional opportunity. Originally established in 1992, the property's transformation journey took a pivotal turn in 2019 with a comprehensive $4 million revitalization. Boasting a spacious parcel of approximately 1.53 acres, the facility is complete with convenient front building parking.
🏭 EXECUTIVE SUMMARY 🏭
- Price: $8,750,000
- Price Per SF: $172
- Sale Type: Investment or Owner User
- Property Type: Industrial
- Subtype: Warehouse
- Building Class: C
- Lot Size: 1.53 AC
- Rentable Building Area: 48,000 SF
- No. Stories: 1
- Year Built: 1966
- Tenancy: Single
- Parking Ratio: 0.42/1,000 SF
- Clear Ceiling Height: 21 FT
- No. Drive In / Grade-Level Doors: 4
- Opportunity Zone: Yes
🏭 PROPERTY HIGHLIGHTS 🏭
- Comprehensive $4 Million Capital Improvements
- Reconfigured for Cannabis Extraction, Processing & Manufacturing
- Spacious +/- 1.53 Acre Parcel
- Front Building Parking
- Prime Industrial Location in Sparks, NV
🌿 A VISIONARY INDUSTRIAL HAVEN 🌿
This property stands as a testament to industrial evolution and innovation. With a resounding transformation executed in 2019, this property has been meticulously reimagined into a thriving cannabis extraction, processing, and manufacturing hub. The property's sprawling 48,000 square feet offer ample space for dynamic operations and growth. Enhanced by a generous parcel and thoughtful front building parking, this industrial oasis is primed for visionary entrepreneurs seeking a progressive space to flourish.
🔗 EMBRACE THE OPPORTUNITY 🔗
Experience the essence of industrial evolution. This landmark property encapsulates the epitome of revitalization, with a $4 million overhaul breathing new life into its industrial core. As a premiere cannabis extraction, processing, and manufacturing facility, it embodies the spirit of innovation and expansion. Seamlessly blending space, functionality, and strategic location, this opportunity is an open invitation for ambitious pioneers to make their mark. Unleash your creativity, embrace the future, and embark on a transformative journey within the dynamic landscape in Sparks, NV.
Presented by: Nevada Licensed Broker
id code: NV127
Pahrump, Nevada
Asking Price: $8,652,000 | 10% Cap Rate |VPO|
Type: Real Estate Investment, Cultivation
Size: 30,000 sqft.
Description: 🏢 EXCEPTIONAL MMJ CULTIVATION INVESTMENT 🏢
Discover an unparalleled investment opportunity with this meticulously crafted NNN Leased Licensed Adult Use MMJ Cultivation Facility. Revitalized in 2022, this facility radiates innovation and potential, showcasing a masterful setup for efficient operations.
🌱 INVESTMENT HIGHLIGHTS 🌱
- NNN Leased MMJ Cultivation Facility
- Upgraded in 2022
- 9+ Years Remaining on Initial 10-Year Term
- 45-Minute Drive to Las Vegas
💰 FINANCIAL SUCCESS 💰
Delve into a world of financial prosperity with this coveted investment. In 2023, the property boasts an impressive Net Operating Income of $865,200, reflecting a compelling annual yield of $28.84 per square foot.
🏢 PROPERTY PROFILE 🏢
- Price: $8,652,000
- Price Per SF: $288
- Sale Type: Investment
- Cap Rate: 10%
- Property Type: Specialty
- Building Size: 30,000 SF
- No. Stories: 1
- Year Built/Renovated: 1990/2022
🌿 THRIVING INNOVATION 🌿
Witness the transformation of a cultivation facility that is a true testament to innovation. With meticulous upgrades completed in 2022, this property sets the stage for modern cultivation practices. While photos depict a previous tenant's setup, rest assured that a new tenant is poised to bring this space to life with a renewed vision.
🏢 A FUTURE-READY GEM 🏢
Embark on a journey of financial prosperity and innovation with this NNN Leased Licensed Adult Use MMJ Cultivation Facility. With substantial years left on the lease, proximity to Las Vegas, and a solid 10% cap rate, this investment promises a future full of potential and growth. Don't miss your chance to be a part of the thriving MMJ landscape - seize this opportunity today!
Presented by: Nevada Licensed Broker
id code: NV129
Looking for something specific?
Message us with your search criteria,
we'll be in touch with you directly.
Copyright © 2023 PotProp. All Rights Reserved.