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203 S Water StHenderson, NV 89015
203 S Water Street
Asset ClassMixed Use, Office, Retail
Rentable SF13,019
Deal Size: $3.3 MAccess Data Room
Located in the Heart of Downtown Henderson | Prime Owner User Opportunity | Recent Building Upgrades
overview of deal

Overview

Marcus & Millichap and JLL are pleased to offer for sale a premier Class A office building located at 203 Water Street (the “Asset” or “Property”) in the heart of Henderson within the Las Vegas MSA. This high-quality, three-story mixed-use property presents a rare owner-user opportunity to occupy the second and third floor office space while controlling a well-located asset in one of the region’s most vibrant and rapidly growing urban corridors.

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Investment Highlights

Highly Desirable Location:

  • Situated in the heart of the Water Street District, a revitalized, walkable community featuring a dynamic mix of retail, dining, entertainment, and residential offerings
  • The area is home to high-traffic attractions such as the Rainbow Club & Casino, Emerald Island Casino, and the America First Center, official practice facility of the Henderson Silver Knights
  • The district continues to grow with projects like The Watermark, a seven-story mixed-use development featuring office, residential, and retail space, slated for completion in mid-2025
  • Located less than half a mile from Highway 564 and just over 1.5 miles from Interstate 11, the property offers convenient access to major corridors linking Las Vegas to Phoenix and the greater Southwest region

 

Prime Owner User Opportunity:

  • Outstanding owner-user opportunity, with the second and third floors currently occupied by month-to-month tenants, providing flexibility for an owner to occupy the space as needed
  • ±9,850 SF of space available on the second and third floor
  • High-visibility location at a signalized corner and across from the street from the official practice facility of the Henderson Silver Knights
  • Highly walkable location surrounded by a vibrant mix of attractions, including multiple casinos, the lively Water Street Plaza, and a diverse selection of popular restaurants, cafés, and trendy local eateries

 

High Quality Building Characteristics

  • Three-story, ±13,019 square foot mixed-use office and retail Asset
  • Constructed in 2006 with distinctive Art Deco architecture, making it a standout Asset in downtown Henderson
  • Second and third floors feature private balconies with expansive views of the dynamic urban streetscape
  • Recent renovations and modern upgrades enhance functionality and curb appeal, positioning the property among the most sought-after buildings in the area
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203 S Water StHenderson, NV 89015
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