Former North Las Vegas City Hall Awaits Next Chapter
- Mar 21, 2014
One of North Las Vegas’s most distinctive properties is awaiting its next chapter. According to the Las Vegas Review-Journal, the former city hall is now available for prospective buyers or tenants after standing vacant for several years.
The building has a number of attributes that investors may find attractive, and upgrades that could be considered important assets. Located at the center of the redevelopment district, the former city hall offers great proximity to dining and transportation. The building is also compliant with the Americans with Disabilities Act, offers air conditioning, high ceilings and wide hallways. The property also features a glass-enclosed atrium.
The Review-Journal reported that the property, offering a total of 29,000 square feet of space, was recently assessed at $3.1 million–an estimate that falls short of city expectations, especially in light of the current city hall’s $130 million cost. According to the publication, the local government might lease out the building and wait for the real estate market to see some consistent improvement before seriously considering selling the asset.