1322 Fremont St - Hospitality FOR SALE


Las Vegas, NV 89101
$3,035,000 USD
702-595-8765
1322 Fremont St, Las Vegas, NV for Sale
$3,035,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

1322 Fremont St
Las Vegas, NV 89101


HIGHLIGHTS

  • Strategic Location: The Property is located on Fremont St. within walking distance from the entrance to the world-famous Fremont Street Experience.
  • Unique Hospitality & Restaurant Mixed Use Opportunity: Currently vacant, the Property creates an opportunity to reopen the hospitality and restaurant.
  • Ample Amenities: The Property offers abundant amenities for guests such as a restaurant, swimming pool, lounge area, equipment-ready kitchen, & more.
  • Opportunity Zone: The Property is located within an Opportunity Zone which offers tax advantages.
  • Income Tax Free State: Nevada has no state income tax.

OVERVIEW

The Investment Services Group of LOGIC Commercial Real Estate has been exclusively retained to offer a current non-operating ±21,086 SF, 3-Story Hospitality Building which includes 39 hotel rooms, an attached restaurant, and large game room/entertainment area. The 39 hotel rooms include a mix of 2 to 4 bunk beds, double queens, and single kings. The Property boasts a range of amenities, including a swimming pool, lounge area, equipment-ready kitchen, theater room, coin operated laundry, and a secure parking lot. Positioned on ±0.46 acres at the corner of Fremont Street (±9,650 CPD) and S. 14th St., the Property is strategically located within walking distance from the heart of Downtown Las Vegas dining and entertainment. The Property is also located within an Opportunity Zone which offers potential tax benefits for investors. With its current vacancy, this offering presents a unique opportunity for an investor to revitalize and reposition the Property to meet contemporary market demands in one of Las Vegas’ most dynamic submarkets. Link to OM: https://logiccre.com/1031_properties/1322-fremont-st/

FOR SALE DETAILS

PRICE

$3,035,000 USD

PRICE/SF

$154 USD /SF

# OF ROOMS

39

PRICE/ROOM

$77,821 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Las Vegas Hostel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1973

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C2

APN/PARCEL ID

139-35-310-050

ASK ABOUT THIS PROPERTY

Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.