Silver Creek Office Park
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Location
Located in the heart of Las Vegas’s rapidly growing south corridor, the Gilespie Street property offers a unique opportunity to acquire a flexible, office-and-retail-zoned asset in one of the most accessible and high-demand areas in the valley. Just minutes from Harry Reid International Airport, the Las Vegas Strip, and the I-215 Beltway, this site combines convenience, visibility, and strategic location.
The surrounding neighborhood has seen notable growth, fueled by strong residential development, its proximity to major employment hubs, and an expanding mix of retail and service amenities. This blend supports a robust daytime population and consistent consumer traffic, driving sustained demand for quality commercial space.
Gilespie Street is perfectly positioned for professionals, retailers, and service providers seeking a location near both the airport and the Strip, while maintaining close ties to nearby residential communities.
The property delivers a rare mix of long-term stability and development potential. With zoning that accommodates everything from professional offices and medical uses to boutique retail and service businesses, it offers diverse options for value creation. Whether you're looking to generate steady income, reposition the tenant mix, or redevelop into a modern office-retail hybrid, this property presents an ideal platform in a supply-constrained market.
- Multiple vacancies in Building D (including Suites 400, 407, 409, 410, 411, 412, 417, 421, 424, 425, and 427) offer an immediate lease-up opportunity for increased income.
- As of August 2025, the property produces $778,632 in annual revenue.
- The Las Vegas general office market currently has a direct vacancy rate of around 12.2%, with consistent year-over-year improvements.
- This is an excellent owner/user opportunity, with month-to-month tenants providing flexibility to raise rents, reposition units, or secure long-term leases with escalations.
- A new owner can add value through capital improvements and targeted leasing strategies to attract higher-paying tenants and stabilize occupancy.
- Vacant pads on the site present an additional chance to expand the center, generate new revenue streams, or sell off portions of the property.
- Each building and land parcel has its own APN (Assessor’s Parcel Number), giving future ownership maximum flexibility to finance, lease, or sell the assets individually or as a portfolio.