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1375 E Tropicana Ave
8,794 SF Retail Building Las Vegas, NV 89119 $4,000,000 USD ($455 USD/SF)
Investment Highlights
- ±8,794 SF freestanding second generation restaurant
- Fully equipped restaurant space with existing kitchen, hood system, grease trap and large walk-in coolers
- Large pylon sign opportunity
- Located across from UNLV and Thomas & Mack Center
- Strong traffic counts exceeding ±75,000 CPD at the intersection of E. Tropicana and S. Maryland Pkwy
- Potential to combine with adjacent parcel at 1395 E Tropicana Ave for a larger development opportunity; combined land size total ±2.05 AC
Executive Summary
LOGIC Commercial Real estate is proud to present this prime restaurant opportunity in the heart of Las Vegas' university district. This turnkey ±8,794 SF former Macayo's restaurant sits on ±1.28 acres directly across from UNLV and the Thomas & Mack Center. The fully-equipped space features an existing kitchen with hood system, walk-in coolers, and grease trap. Located just ±1.8 miles east of the Las Vegas Strip, the property benefits from excellent visibility at a busy intersection with ±75,000 combined CPD and prominent pylon signage opportunities.
The strategic location taps into a robust customer base with 26,505 residents within one mile and an average household income of $60,122. The property offers abundant parking at a 10:1 ratio and potential for expansion - an adjacent ±0.77-acre parcel can be combined to create a ±2.05-acre development opportunity with ±215 linear feet of frontage on Tropicana Avenue.
This established restaurant site presents an exceptional opportunity in a high-traffic area near Harry Reid International Airport, with strong demographics and significant development potential.
The strategic location taps into a robust customer base with 26,505 residents within one mile and an average household income of $60,122. The property offers abundant parking at a 10:1 ratio and potential for expansion - an adjacent ±0.77-acre parcel can be combined to create a ±2.05-acre development opportunity with ±215 linear feet of frontage on Tropicana Avenue.
This established restaurant site presents an exceptional opportunity in a high-traffic area near Harry Reid International Airport, with strong demographics and significant development potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,794 SF
Building Class
B
Year Built
1992
Price
$4,000,000 USD
Price Per SF
$455 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.28 AC
Zoning
CG - Commercial General
Parking
85 Spaces (9.67 Spaces per 1,000 SF Leased)
Frontage
129 FT on Tropicana Ave
Amenities
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
\
| Space | Size | Space Use | Position | Available |
| 1st Floor | 8,794 SF | Restaurant | Outparcel | Now |
1st Floor
| Size |
| 8,794 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 8,794 SF |
| Space Use | Restaurant |
| Position | Outparcel |
| Available | Now |
\
Walk Score ®
Very Walkable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 162-26-101-005 | Improvements Assessment | $443,893 USD |
| Land Assessment | $234,179 USD | Total Assessment | $678,073 USD |
PROPERTY TAXES
Parcel Number
162-26-101-005
Land Assessment
$234,179 USD
Improvements Assessment
$443,893 USD
Total Assessment
$678,073 USD
Contacts
-
Landon Tenwolde -
Sean Margulis -
Gilberto Villegas -
Logic Commercial Real Estate
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1375 E Tropicana Ave
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