Mega Broker presents the opportunity to purchase Accadia Plaza, a +/- 6,950 SF multi-tenant retail building located at 1201 Stewart Ave., Las Vegas, NV 89101. Accadia Plaza is located in the up-and-coming downtown Las Vegas submarket and adjacent to the popular Fremont East District.
This section of downtown Las Vegas has experienced recent growth with the mid-rise luxury apartment development shareDOWNTOWN Fremont East a mere 250 ft away (84 units). The area is home to popular destinations such as PublicUs and Ferguson’s Downtown. It also plays host to ultra-popular events such as the Life is Beautiful Festival.
Accadia Plaza is situated on the signalized, NE corner of Stewart Ave and N Maryland Pkwy and has an astonishing 95,880 residents living within a 2-mile radius and 570,000 residents living within a 5-mile radius (2023). The property also is a short ride-share away from the hotel-casino district and the famed Fremont St Experience.
The building sits on a 0.49-acre lot and is zoned T4-MS. This zoning falls within the City of Las Vegas’ 2050 Master Plan. The zoning targets a walkable and mixed-use environment with a multitude of targeted use types (see City of Las Vegas website).
The Property is currently +/- 72% occupied with an ‘Tech Resistant’ tenant roster. There is currently one vacant unit which is the endcap fronting N Maryland Pkwy at a square footage of 1,958, providing the new owner an opportunity for immediate upside.
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Property Highlights:
Square Feet: 6,950 sf
Price: $1,650,000 ($237 psf)
Lease Term: 5-10 years
Zoning: T-4 Main Street
Yr Built: 1964
Jurisdiction: City of Las Vegas
Occupancy: 72%
No of Units: 6
Available Unit: Suite 1 - Endcap Space
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Las Vegas & Henderson, NV Luxury Commercial Real Estate Services. Commercial Real Estate Sales Broker and Commercial Real Estate Leasing broker in Las Vegas, NV. Mega Brokers provides commercial real estate services in Las Vegas, Henderson, Green Valley, Summerlin, Downtown Las Vegas, Southwest Las Vegas and other sub-markets located in Clark County, NV. Luxury retail specialists.