10 E Bonanza Road, Las Vegas, NV 89101, Las Vegas, 89101 - bed, bath
10 E Bonanza Road
Las Vegas, NV 89101
Property Price
SUMMARY
Analysis of 10 E Bonanza Road, Las Vegas, NV 89101 is currently available with a list price of $599,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1946, this property is explicitly marketed with the 'value in the land,' a clear indicator that the structure is at the end of its economic life. While the description notes it is currently maintained and leased, the aging infrastructure, 79-year-old build date without mention of major recent renovations, and the focus on commercial redevelopment (MXU-C-4 zoning) suggest the building requires substantial rehabilitation to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Commercial Zoning Potential
Zoned MXU-C-4 with probable commercial or professional use, this property offers significant flexibility for redevelopment or business conversion in a high-demand downtown corridor.
- Prime Downtown Location
Situated just half a block from North Main Street and facing East Bonanza Road, the property boasts high visibility and proximity to the heart of Las Vegas's urban core.
- Turnkey Income Stream
Currently operating as a duplex with annual leases and professional management in place, providing immediate cash flow while the owner explores long-term development options.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1946, the existing structure may require significant maintenance or modernization to meet contemporary standards if not slated for immediate redevelopment.
- Land-Heavy Valuation
With the primary value concentrated in the land and zoning rather than the improvements, the listing price may be difficult to justify for investors seeking traditional residential cap rates.
About 10 E Bonanza Road
ZONED MXU-C-4...PROBABLE COMMERCIAL/PROFESSIONAL ZONING. SOME C-2 ALREADY IN THE 1ST STREET CUL-DE-SAC. DOWNTOWN DUPLEX PROPERTY, HALF A BLOCK FROM N MAIN ST FACING E BONANZA! ANNUAL LEASES. PROPERTY MANAGEMENT MAINTAINS BLDG. VALUE IN THE LAND.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1946
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
C P Squires Elementary School
Grades PK-5 • 1.6 mi
Roy West Martin Middle School
Grades 6-8 • 1.9 mi
Rancho High School
Grades 9-12 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,381 | 2,141.5 | 91% |
| Lot Size | 6,098 | 6,316 | 50% |
| Price | $599.0K | $436.2K | 95% |
| Price per sq ft | $252 | $205 | 55% |
| Built year | 1946 | 1953 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 318 | 1056 | 36% |
Pricing History
Listed for Sale
Apr 23, 2025
$599,000
Initial Listing