Listed for Sale
Introducing the sale of an iconic mixed-use creative office, and retail property at the main entrance to Downtown Las Vegas. This sale represents a unique value-add opportunity. This historic Property is located on the hard corner of Grand Central Pkwy and Charleston Blvd with unmatched exposure from Charleston, Grand Central Pkwy and the I-15.
Holsum Lofts is known by locals as the original adaptive-reuse project of DTLV’s now booming submarket. Extensively renovated in 2005 with modern amenities and utilities, the developer maintained the building’s architectural charm from the 1950’s, including the inspiring original bow truss ceilings. The building’s original spirit as a local bakery producing the scent of bread, an aroma still talked about today, remains a part of the nostalgic allure with the original Holsum bakery neon signage restored and in place.
At just 67% occupied and listed for sale for the first time in the nearly twenty years since its redevelopment, this offering of Holsum Lofts presents an opportunity to own legendary real estate with attractive in-place revenue and the ability to add significantly to the property’s Net Operating Income through lease-up of the current vacancies.
In addition to being an excellent commercial multi-tenant investment opportunity, the property’s primary vacancy – an architecturally unique ±12,890 square feet of creative anchor space, presents to the marketplace an incredibly rare owner-user opportunity.
Exclusively For Sale
Investment summary
PRICE
Year 1 Net Operating Income
Year 3 Pro Forma Net Operating Income
Current Occupancy
Square Footage Occupied
Square Footage Vacant
Total Building Square Footage
Total Land Square Footage
Now Accepting Best Offers!
$514,925
$813,202
67%
±31,477
±15,354
±46,831
±112,820
Listed for Sale
First time in 20 Years
Investment Highlights
Investment Opportunity with Value-Add Opportunity
Excellent Value-Add Opportunity at 67% Occupied (12,890SF Vacant Flagship Space Viable For an Owner-User)
Incomparable Creative Office / Retail Investment with Historically High Occupancy
Keystone “Adaptive Re-use Project” of Downtown Las Vegas, at the Main Entrance
to The Arts District
One of the Most Well-Known and Recognizable Properties in All of Las Vegas
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Holsum Lofts
investment summary
Property Overview
area Overview
contact
download OM
241 W Charleston Blvd., Las Vegas, NV 89102
Investment and/or Owner User Opportunity |
Download Offering Memorandum
Brochure
Virtual TOurs
Location
Gallery
Property
Holsum Lofts
Now Accepting Best Offers!
$514,925
$813,202
67%
±31,477
±15,354
±46,831
±112,820
$514,925
$813,202
67%
±31,477
±15,354
±46,831
±112,820
$813,202
67%
±31,477
±15,354
±46,831
±112,820
67%
±31,477
±15,354
±46,831
±112,820
±31,477
±15,354
±46,831
±112,82
±15,354
±46,831
This mixed-use property, located at
241 West Charleston Boulevard, is a creative office and retail commercial property that consists of ±46,831 rentable square feet situated on ±2.59 acres of land.
The parcel is located at the primary interchange of Downtown Las Vegas – the central point of the one-billion-dollar infrastructure expenditure, Project Neon. The project is immediately south of the World Market Center, Lou Ruvo Center, North Premium Outlets and Symphony Park at the Charleston Boulevard exit of the I-15 Freeway.
The asset caters to both local and modern national office and retail users accustomed to adaptive reuse projects and downtown districts who require unique retail and office space with close proximity to walkable municipal, medical, or entertainment districts.
±46,831 SF BUILDING
On ±2.59 Acres, (±112,820 SF)
location
Hard Southeast corner of Charleston Blvd. & Industrial/Grand Central, immediately Adjacent to the I-15
traffic counts
Charleston: 51,500 CPD (2019)
I-15: 288,000 CPD (2019)
improvements
±46,831 SF building with courtyard & surface parking
parking
Surface: 107 stalls, plus a limited number of on-site leased spaces
parcel
APN: 162-04-504-011
±2.59 Acres, (±112,820 SF)
Year Built / Renovated
1954 / 2005
zoning
Industrial District (M)
With live/work overlay via special use permit.
Property
Overview
Suite 110
±12,890 SF
Suite 150
±1,520 SF
Suite 140
±944 SF
Holsum Lofts
investment summary
Property Overview
area Overview
contact
download OM
Download OM
Contact
Area Overview
Property
overview
Investment
Summary
Holsum Lofts
Straddling the distance between the opulent mega-resorts of the Strip and the high-flying neon of DTLV, the submarket provides a wealth of culture, entertainment, lifestyle residential, nightlife, medical destinations, and legal/municipal facilities that attract clientele from all over the valley and across the world.
Pedestrian friendly community that combines diverse street-life, local businesses, eateries, sidewalk cafes, bars and cocktail lounges, lively entertainment, retail and residential living, as well as the premier destination for government and law-focused firms.
The mixed-use property, located at 241 West Charleston Blvd., is a creative office and retail property located at the primary interchange of Downtown Las Vegas, immediately south of the World Market Center, Lou Ruvo Center, North Premium Outlets and Symphony Park at the Charleston exit of the I-15 Freeway.
Arts & Culture
Discovery Children’s Museum
Las Vegas Arts District
Mob Museum
Natural History Museum
Neon Museum
The Smith Center for the Performing Arts
Parks & Facilities
Cashman Complex
Container Park
Symphony Park
Hotels & Casinos
Binion’s Gambling Hall
California Hotel & Casino
Circa Las Vegas
Downtown Grand Hotel & Casino
El Cortez Hotel & Casino
Four Queens Hotel & Casino
Golden Gate Hotel & Casino
Fremont Hotel & Casino
Golden Nugget Las Vegas
Main Street Station Casinos
Oasis at Gold Spike
Plaza Hotel & Casino
The California Hotel & Casino
The D Las Vegas
Shopping
Costco Wholesale
World Market Center
Las Vegas Premium Outlets North
Entertainment & Events
Fremont Street Experience
Life is Beautiful Festival
Neonopolis
Viva Vision Canopy Light Show
Medical
Las Vegas Medical District
Lou Ruvo Center for Brain Health
University Medical Center
Valley Hospital Medical Center
Municpal
Clark County Government Center
Federal Courthouse
Las Vegas City Hall
Las Vegas Justice Center
Holsum Lofts
Area
Overview
Area Overview
Holsum Lofts
investment summary
Property Overview
area Overview
contact
download OM
Downtown Las Vegas
Download OM
Contact
Area Overview
Property
overview
Investment
Summary
Holsum Lofts
Downtown Las Vegas