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353 E Bonneville Ave
Las Vegas, NV 89101 Downtown Las Vegas

$1,596,000 USD

Apartments Condo For Sale  •  3,023 SF

Property Details

  • Property Type Apartments
  • Total Building Size 700,000 SF
  • Lot Size 0.16 AC
  • Building Class B
  • Year Built 2008
  • Cap Rate 6.39 %
  • Tenancy Multiple
  • Zoning C-2
69 Transit Score
85 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 191 Retail 3,023 SF $1,596,000 USD
  • Unit Size: 3,023 SF
  • Condo Use: Retail
  • Price: $1,596,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $527.95 USD
Description
We are pleased to present a investor opportunity, with over 65 months remaining on the lease with annual increases, in the heart of Downtown Las Vegas’ thriving Arts District. Suite 191 at 353 E. Bonneville occupied by a health-focused fast-casual restaurant specializes in fresh, made-to-order meals centered on high-quality proteins, seasonal vegetables, and balanced nutrition. 

The concept appeals to health-conscious professionals, fitness-oriented customers, and families seeking convenient, wholesome dining options. With a modern, clean aesthetic and efficient service model, the tenant generates strong daytime and evening traffic, and is well suited for neighborhood retail and mixed-use environments.

The area offers future upside potential!  Long-term value appreciation potential as downtown continues its trajectory as a live-work-play destination.

In the Heart of the Arts District – A culturally rich, rapidly growing area popular with locals and tourists alike for its art galleries, breweries, coffee shops, and eclectic retail.

Surrounded by Residential Growth – With over 1,500 residential units within walking distance (including Juhl itself), the area boasts a built-in, health-conscious customer base.

Pro-Business Environment – The city of Las Vegas and local economic development agencies continue to support small businesses, startups, and long-term investment in the downtown corridor.

Sale Notes
We are pleased to present a investor opportunity, with over 65 months remaining on the lease with annual increases, in the heart of Downtown Las Vegas’ thriving Arts District. Suite 191 at 353 E. Bonneville occupied by a health-focused fast-casual restaurant specializes in fresh, made-to-order meals centered on high-quality proteins, seasonal vegetables, and balanced nutrition. 

The concept appeals to health-conscious professionals, fitness-oriented customers, and families seeking convenient, wholesome dining options. With a modern, clean aesthetic and efficient service model, the tenant generates strong daytime and evening traffic, and is well suited for neighborhood retail and mixed-use environments.

The area offers future upside potential!  Long-term value appreciation potential as downtown continues its trajectory as a live-work-play destination.

In the Heart of the Arts District – A culturally rich, rapidly growing area popular with locals and tourists alike for its art galleries, breweries, coffee shops, and eclectic retail.

Surrounded by Residential Growth – With over 1,500 residential units within walking distance (including Juhl itself), the area boasts a built-in, health-conscious customer base.

Pro-Business Environment – The city of Las Vegas and local economic development agencies continue to support small businesses, startups, and long-term investment in the downtown corridor.

Description

Strategic Downtown Core Positioning: Situated in the Juhl mixed-use development, this suite benefits from constant foot traffic from residents, nearby office workers, and downtown visitors.

Walkability & Visibility: Located on a high-visibility corner, this ground-floor suite offers excellent exposure along Bonneville Avenue, just blocks from Las Vegas Boulevard.

Dense Daytime Population: Minutes from Zappos HQ, The Federal Courthouse, Fremont East, and multiple legal and professional service firms—ideal for lunch and commuter traffic.

Growing Urban Renaissance: The Downtown Las Vegas submarket has seen explosive revitalization driven by tech investment, hospitality growth, and creative entrepreneurial ventures. 

Please do not disturb tenant.

Highlights

Tenant has just over 5 years of term remaining
Retail Condo at Juhl mixed-use development

Financial Summary

Cap Rate: 6.39 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Alan & Ben Griefer
Classic Jewel
Edward Yawitz
Franziska Von Fischer
Hartman Development
Juhl Unit Owners Association
Le Pho
Sam & Francesca
Taproot Inc 9/15/2020
The Agency-Las Vegas

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Heating
  • On-Site Retail

Public Transportation

AirportDriveWalkDistance
Harry Reid International 15 min - 6.9 mi
Boulder City Municipal 36 min - 25.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Paul Chaffee, CCIM 702-218-8404 CBRE
Paul Chaffee, CCIM 702-218-8404 CBRE