Description

280 E Flamingo Rd is a multi-tenant retail pad building for sale at 280 East Flamingo Road in Las Vegas, NV. Its 8,190 SF of gross leasable area is leased to a mix of food, personal service, liquor and smoke shop tenants.

Built in 2002 on 0.9 acres, the Property brings several retail uses together in a single Flamingo Road building. The tenant lineup includes The Cove Sushi & Oyster Bar, Five Star Liquor, Posh Nail Lounge, Sunshine Foot Massage and Smoke World. For an investor, that mix spreads the income stream across distinct businesses rather than relying on one occupant. The site is zoned Commercial Resort and identified by APN 162-21-501-005.

Flamingo Road carries over 41,500 vehicles per day, giving the tenants exposure on a major east-west thoroughfare. The Property sits near Howard Hughes Parkway, just east of the Las Vegas Strip, which is ± 0.7 mi away. The Sphere is also ± 0.7 mi away, while Hughes Center Office Park is ± 0.9 mi away. Those nearby hospitality, entertainment and office destinations place the retail building among multiple sources of activity.

The asking price is $4,689,000, with NOI of $281,341 and a 6% cap rate. The investment is subject to a long-term ground lease with 74 years remaining, including seven 10-year extension options. That structure and the mix of established tenants define the income proposition for a buyer seeking a multi-tenant retail holding in this location. Contact the listing team for transaction details, ground-lease information and touring arrangements. Robin Civish is a licensed real estate agent and has an ownership interest in the property. Phase I was completed in 2002 and Phase II in 2018.