10 E Bonanza Road, Las Vegas, NV 89101, Las Vegas, 89101 - 0 bed, 0 bath
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Las Vegas, NV 89101
This Strategic Commercial Redevelopment Asset is listed at $599,000, carrying a strategic premium over its $546,415 Fair Market Value due to its versatile MXU-C-4 Zoning. The property maintains a Condition Rating of 4, featuring a modernized kitchen and updated flooring that support immediate rental income from the existing duplex. Located in the heart of Downtown Las Vegas near Rancho High School, the listing emphasizes significant Value in the Land for future professional or commercial use. This is a prime acquisition for Commercial Developers or Speculative Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10 E Bonanza Road Subject | $599,000* List Price | 0 | 0 | 2,381 | $229 | - |
A 370 N 13th Street Sold | $585,000 | 0 | 0 | 2,160 | $271 | 0.9 mi |
B 1518 Linden Avenue Active | $599,000 List Price | 0 | 0 | 1,926 | $311 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, this property shows significant age but has been maintained with several interior updates. The kitchen has been modernized with white cabinetry, stainless steel appliances, and updated countertops. Newer laminate flooring is present throughout much of the living space. While the exterior and certain architectural elements like the fireplace and wall paneling are dated, and the listing suggests the primary value is in the land for commercial redevelopment, the interior remains functional and move-in ready for residential tenants.
The property is zoned MXU-C-4 with probable commercial or professional zoning potential, offering significant versatility for future redevelopment or business use.
Situated in the heart of Downtown Las Vegas, just half a block from N Main Street with direct frontage on E Bonanza Road, ensuring high visibility and accessibility.
As an active duplex with annual leases and professional management in place, the property provides immediate cash flow while the owner plans for long-term land use.
Built in 1946, the existing structure may require substantial maintenance or eventual demolition, as the listing explicitly notes that the primary value lies in the land.
The list price is heavily weighted toward the property's commercial potential, which may result in a lower cap rate for traditional residential income investors.
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.
No exterior & parking available.
Grades PK-5 • 1.6 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,381 | 2,160 | 82% |
| Lot Size | 6,098 | 6,098 | 50% |
| Price | $599.0K | $585.0K | 91% |
| Price per sq ft | $252 | $252 | 50% |
| Built year | 1946 | 1953 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 364 | 1794 | 18% |
Apr 23, 2025
$599,000
Initial Listing