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Single-Tenant Office

203 Water Street

203 S Water St, Henderson, NV 89015

Listing Price: $3,800,000

Cap Rate
3.84%
Gross SF
13,019
Rentable SF
13,019
Price/Gross SF
$291.88
Lot Size
0.13 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a premier mixed use property located at 203 Water Street (“Asset” or “Property”) in the heart of downtown Henderson (Las Vegas MSA), Nevada. This historic high-quality, three-story mixed-use property features a gaming tenant occupying the first floor, with Class B office space on the second and third floors, offering a prime investment opportunity in one of the region’s most vibrant and rapidly growing urban corridors.

Investment Highlights

  • Prime Downtown Henderson Location- Situated in the heart of the Water Street District, a revitalized, walkable community featuring a dynamic mix of retail, dining, entertainment, and residentia
  • Outstanding owner-user opportunity, with the second and third floors currently occupied by month-to-month tenants, providing flexibility for an owner to occupy the space as needed
  • The ground floor is currently leased to Stick Tavern, allowing for immediate in-place income

Exclusively Listed By

  • Peter Bauman

    Senior Managing Director Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Managing Director Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Gary L. Frazier, II

    Associate Investments

    (702) 215-7107

    Email Gary

    License(s): NV: S.0196416

    Las Vegas

Broker of Record

  • Cameron Glinton

    Regional Manager

    (702) 215-7100

    License(s) NV: B.1002894.CORP

    Nevada

Single-Tenant Office

203 Water Street

Listing Price: $3,800,000

Cap Rate
3.84%
Gross SF
13,019
Rentable SF
13,019
Price/Gross SF
$291.88
Lot Size
0.13 acres
Year Built
2006

Investment Highlights

  • Prime Downtown Henderson Location- Situated in the heart of the Water Street District, a revitalized, walkable community featuring a dynamic mix of retail, dining, entertainment, and residentia
  • Outstanding owner-user opportunity, with the second and third floors currently occupied by month-to-month tenants, providing flexibility for an owner to occupy the space as needed
  • The ground floor is currently leased to Stick Tavern, allowing for immediate in-place income

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a premier mixed use property located at 203 Water Street (“Asset” or “Property”) in the heart of downtown Henderson (Las Vegas MSA), Nevada. This historic high-quality, three-story mixed-use property features a gaming tenant occupying the first floor, with Class B office space on the second and third floors, offering a prime investment opportunity in one of the region’s most vibrant and rapidly growing urban corridors.

Exclusively Listed By

  • Peter Bauman

    Senior Managing Director Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Managing Director Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Gary L. Frazier, II

    Associate Investments

    (702) 215-7107

    Email Gary

    License(s): NV: S.0196416

    Las Vegas

Broker of Record

  • Cameron Glinton

    Regional Manager

    (702) 215-7100

    License(s): NV: B.1002894.CORP

    Nevada

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