1601 S MARYLAND, Las Vegas, NV 89104, Las Vegas, 89104 - 3 bed, 1 bath
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Las Vegas, NV 89104
This property presents a High-Potential Investment Opportunity with a List Price of $343,900—positioned well above the $304,511 Fair Market Value by 12%. While the property requires significant capital expenditure due to its Condition Rating of 5, the P-R Zoning and high-traffic location on Maryland Parkway offer exceptional utility for professional office or commercial use. This asset is strictly for those capable of securing commercial financing, making it an ideal acquisition for Buy-and-Hold Investors or Small Business Owners seeking a strategic, high-visibility location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1601 S MARYLAND Subject | $343,900* List Price | 3 | 1 | 1,113 | $274 | - |
A 1020 Wengert Avenue Sold | $270,000 | 3 | 2 | 1,184 | $228 | 0.2 mi |
B 2013 Franklin Avenue Sold | $305,000 | 3 | 1 | 1,036 | $294 | 0.9 mi |
C 1515 S 11th Street Sold | $320,000 | 4 | 2 | 1,116 | $287 | 0.1 mi |
D 1212 S 7th Street Sold | $299,000 List Price | 3 | 2 | 1,101 | 0.6 mi | |
E 2004 Houston Drive Sold | $345,000 | 3 | 2 | 1,252 | $276 | 0.9 mi |
F 1407 Bracken Avenue Sold | $375,000 | 3 | 2 | 1,512 | $248 | 0.1 mi |
G 1713 Lamplighter Lane Pending | $344,900 List Price | 3 | 2 | 1,137 | $303 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1944 (80 years old) and flagged for commercial/SBA loans only with no conventional financing allowed, which typically indicates significant safety, structural, or system issues that prevent standard residential lending. While a bathroom photo shows some newer tile work, the property is marketed as a rehab/investment opportunity requiring major updates to be fully functional.
Situated on the high-traffic Maryland Parkway, this property offers exceptional visibility and easy access, making it an ideal location for a professional office or boutique retail service.
The P-R zoning provides significant flexibility for various business uses, including medical, legal, or tax offices, allowing an investor to target a wide range of professional tenants.
The property qualifies for SBA loans with as little as 10% down, offering an excellent opportunity for small business owners to transition from leasing to owning their own professional space.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The explicit exclusion of conventional loans and the requirement for commercial financing significantly narrows the pool of potential buyers and may complicate the closing process.
Built in 1944 and featuring only one bathroom, the property likely requires modernization and potential upgrades to meet contemporary commercial building codes and professional standards.
CENTRALLY LOCATED AND AVAILABLE. GREAT INVESTMENT OPPORTUNITY. LOCATED IN A HIGH TRAFFIC MARYLAND PARKWAY.GREAT VISIBLITY AND EASY ACCESS. ... COULD BE USED AS OFFICE, TAXES, BRIDAL RENTAL, MEDICAL OFFICE, MORTGAGE COMPANY ETC, NEED TO ASK CITY FOR GUIDELINES. FIRM PRICE AND LOAN HAVE TO BE COMMERCIAL; CAN BE 10% DOWN SBA LOAN. ZONING IS P-R. NO CONVENTIONAL LOAN, NO CONVENTIONAL LOAN
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades PK-5 • 0.6 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,113 | - |
| Lot Size | 5,663 | - |
| Price | $343.9K | $474.8K |
| Price per sq ft | $309 | $257 |
| Built year | 1944 | 0 |
| HOA | $0 | $0 |
| Days on market | 31 | 526 |
Jun 21, 2026
$343,900
Initial Listing
May 12, 1995
$279,000
Public Record