203 W Pacific Avenue, Henderson, NV 89015, Henderson, 89015 - 3 bed, 1 bath
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Henderson, NV 89015
This Mixed-Use Development Asset is listed at $365,000, representing a strategic acquisition in the heart of the thriving Water Street District. While the $320,368 Fair Market Value reflects its current residential footprint, the property’s value is anchored in its Mixed-Use/Commercial Zoning and unique Triple Frontage on a prime corner lot. Currently holding a Condition Score of 4, the site offers high visibility near the America First Center and the 9/10 rated Gordon McCaw Elementary. This is an unmatched opportunity for Commercial Developers or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 203 W Pacific Avenue Subject | $365,000* List Price | 3 | 1 | 1,023 | $313 | - |
A 465 Annapolis Circle Sold | $369,000 | 3 | 2 | 1,112 | $332 | 0.8 mi |
B 41 LASWELL Street Sold | $325,000 | 3 | 2 | 1,264 | $257 | 0.7 mi |
C 365 W Rochell Drive Sold | $396,000 | 4 | 2 | 1,340 | $296 | 0.8 mi |
D 426 TIGER LILY Way Sold | $360,000 | 3 | 2 | 1,369 | $263 | 0.8 mi |
E 617 NATIONAL Street Sold | $388,000 | 4 | 2 | 1,198 | $324 | 0.9 mi |
F 3 Wyoming Avenue Active | $339,900 List Price | 4 | 2 | 1,170 | $291 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1942, is aged but well-maintained with recent cosmetic updates including new vinyl plank flooring and fresh interior paint. While move-in ready, it remains fundamentally outdated with a basic kitchen, older bathroom fixtures, and a lack of central HVAC, relying instead on a swamp cooler and portable heater. The listing's emphasis on redevelopment potential further reflects the age of the structure's major systems.
Elementary School: Gordon Mccaw Elementary School (9/10).
Situated on a prime corner lot in the heart of the Water Street District, the property offers high visibility and immediate proximity to major attractions like the America First Center and City Hall.
Zoned for mixed-use and commercial development, this site presents a versatile opportunity for investors to capitalize on Henderson's rapid redevelopment and growth.
The reliance on a portable electric heater and a swamp cooler rather than a modern central HVAC system will likely necessitate significant mechanical upgrades for any occupant.
Built in 1942, the structure may require extensive modernization or remediation to meet current building codes and contemporary standards for residential or commercial use.
Prime Corner Lot in the Heart of the Water Street District! Located in the thriving Henderson Redevelopment area, this highly-visibility property sits at the prominent intersection of Atlantic Ave., and Pacific Ave., with additional rear frontage on Gold St. Zoned for mixed-use/commercial development, it offers an exceptional opportunity for investors or developers seeking to capitalize on the area's rapid growth. Just steps from the revitalized Historic Downtown Henderson, the site is surrounded by key attractions including the Pass Casino, America First Center (home to the Henderson Silver Knights AHL practice facility), City Hall and a variety of restaurants and cafes. . The property line is at the edge of the carport. The property features a portable electric heater and a swamp cooler. Whether for retail, office, dining, and or dynamic mixed-use concept, this location delivers unmatched potential in one of Henderson's developing districts.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades PK-5 • 0.9 mi
Grades PK-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 4% |
| Square foot | 1,023 | 1,592 | 2% |
| Lot Size | 4,792 | 6,534 | 8% |
| Price | $365.0K | $45.0K | 59% |
| Price per sq ft | $357 | $40 | 99% |
| Built year | 1942 | 1996 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 205 | 2744 | 1% |
Sep 30, 2025
$365,000
Initial Listing