• Restricted Address LAS VEGAS, NV 89102

  • 1,684 SqFt
  • Commercial / Rent To Own

Property Details for WESTERN St, LAS VEGAS, NV 89102




Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

WOW-super location flanked by 2 well traveled streets (Western Ave & Highland Dr-just N of W. Sahara),w/access afforded to both streets! Frontage & exposureto 2 streets,surrounded by a large number of businesses& varied workforce!Located in the CLV Redevelopment Plan for the Downtown Redevelopment Area-many benefits available by working w/the City!The site is a .70 ac triangular shaped lotw/existing 1648+/- sf bldg which was a fueling station years ago w/service islands toboth streets,built in1965;City of LV jurisdiction & Zoned M (Industrial) which offers a vast number & variety of uses;OWC Terms subject to approval-DP:$455K,IR:6.5%, OWC 1M:$845K;Term: 15yr partial amortization w/7 yr balloon payment of approx. $549,882;1st MP:approx. $7,360.86;Owner will also consider ground lease & lease w/option to purchase-termsnegotiable.Could be a great site to explore a variety of uses for a potential combo uses - coffee, desserts, (think Dutch Bros, Swig et al.) & maybe a Lube shop, OR?

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Property Brokerage: Berkshire Hathaway HomeServices Nevada Properties 3185 St. Rose Parkway Suite 100 Henderson NV 89052
Copyright 2023 Greater Las Vegas Association of REALTORS , Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.