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3847 S Eastern Ave
Las Vegas, NV 89169
Creative Office - Owner/User · Office Property For Sale
Investment Highlights
- Very Creative Space can be used as a Live/Use Opportunity
- Has a Very Large Office Space consisting of 34'x18' with a Seperate Entrance
- Private Back Area Oasis with Heated Pool/Jacuzzi and Rock Waterfall, Beachy Sitting Area with Firepit, Covered Patio for Hot Summer Days
Executive Summary
The property was originally zoned R-1 and was later successfully rezoned to C-P by the prior owner, allowing for a wide range of commercial and residential uses. Permitted uses include senior adult living, sober living (up to 27 beds), hostel accommodations, nursing care facilities, and other approved specialty residential uses.
The current owner is operating the property as a sober living facility, with all office spaces converted and utilized as bedrooms.
The building is a two-story structure featuring seven office/bedroom spaces—four on the ground level, of which 2 of them are very large. You can put 4 to 8 beds in each bedroom. and three on the upper level—along with two bathrooms, one on each floor. The property includes a full-size kitchen and breakroom, as well as a double-sided wood-burning fireplace that serves multiple common areas. There is regular bedrooms upstairs and four on the ground level.
The exterior offers a private, expansive backyard designed for relaxation and group use, complete with a heated swimming pool and jacuzzi featuring a rock waterfall. A separate sitting and recreation area provides a beach-style atmosphere with sand and a firepit, complemented by a covered patio ideal for comfort during hot summer months.
The current owner is operating the property as a sober living facility, with all office spaces converted and utilized as bedrooms.
The building is a two-story structure featuring seven office/bedroom spaces—four on the ground level, of which 2 of them are very large. You can put 4 to 8 beds in each bedroom. and three on the upper level—along with two bathrooms, one on each floor. The property includes a full-size kitchen and breakroom, as well as a double-sided wood-burning fireplace that serves multiple common areas. There is regular bedrooms upstairs and four on the ground level.
The exterior offers a private, expansive backyard designed for relaxation and group use, complete with a heated swimming pool and jacuzzi featuring a rock waterfall. A separate sitting and recreation area provides a beach-style atmosphere with sand and a firepit, complemented by a covered patio ideal for comfort during hot summer months.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
4,231 SF
Building Class
C
Year Built
1964
Price
$1,079,610 CAD
Price Per SF
$255.17 CAD
Cap Rate
7%
NOI
$75,573 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,231 SF
Building FAR
0.49
Lot Size
0.20 AC
Zoning
C-P - Property used to be Zoned R-1 and the previous owner changed the Zoning to C-P.
Parking
8 Spaces (1.89 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Property Taxes
| Parcel Number | 162-14-710-040 | Improvements Assessment | $71,379 CAD |
| Land Assessment | $57,036 CAD | Total Assessment | $128,415 CAD |
Property Taxes
Parcel Number
162-14-710-040
Land Assessment
$57,036 CAD
Improvements Assessment
$71,379 CAD
Total Assessment
$128,415 CAD
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