1606 7th St 4,200 SF 68% Leased Retail Building Las Vegas, NM 87701 $979,510 CAD ($233.22 CAD/SF) 6.80% Cap Rate

Positioned along one of Las Vegas, NM’s most active commercial corridors, 1606 7th Street presents a unique investment opportunity with an existing smoke shop tenant in place and strong potential for long-term income growth. The building, totaling approximately 4,200 square feet, offers a functional layout and adaptable design, making it suitable for a variety of future retail uses.
This property benefits from excellent visibility and consistent drive-by traffic, supported by its proximity to major national retailers and quick-service restaurants such as Walgreens, Starbucks, McDonald’s, Wendy’s, Pizza Hut, and Taco Bell, all located within the same vibrant trade area. Customers enjoy the convenience of both ample on-site parking and additional street parking, enhancing accessibility for patrons.
Investors will appreciate the stability offered by tenant occupancy combined with flexible options for future re-tenanting or owner-use. Located near major roadways and thoroughfares, the site delivers strong connectivity within the Las Vegas region and beyond. This is an outstanding opportunity for buyers seeking a retail asset with established foot traffic and long-term positioning in a well-developed corridor.