For Sale
$1,699,999

1613-1619 Fremont St Las Vegas, NV 89101

High-Visibility Storefront, Excellent NOI

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 5,260 square foot storefront retail property, located at 1613-1619 E Fremont St in Las Vegas, Nevada, presents a lucrative investment opportunity. Built in 1943 and extensively renovated in 2020, the single-story building sits on a 0.58-acre lot and boasts a strong net operating income (NOI) of $60,000 annually. The property is zoned T4-Z and comprises five individual units, currently generating approximately $5,000 in monthly income. Four of the five tenants are on month-to-month leases, offering flexibility for future development. The asking price is $1,699,999, translating to a price per square foot of $323.19. Its prime location on Fremont Street ensures high visibility and significant foot traffic, making it an ideal investment for discerning buyers seeking a strong return on investment in a vibrant and dynamic urban setting. This property offers a unique blend of established income and significant upside potential. The building's recent renovation ensures modern amenities and functionality, while its historical context adds to its unique character. This is a rare opportunity to acquire a well-performing retail property in a highly sought-after Las Vegas location.

Highlights

  • $1,699,999 asking price for this 5,260 SF retail storefront.
  • Located at 1613-1619 E Fremont St, Las Vegas, NV 89101.
  • Features five units, generating approximately $60,000 annual NOI.
  • Built in 1943, renovated in 2020, situated on a 0.58-acre lot.
  • Broker co-op available.

Property Details for 1613-1619 Fremont St

Property type
Retail properties, Retail space
Square Feet
5,260 SF
Year Built/Renovated
1943/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
25,265 SF
Units
5

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.163633121404
Longitude
-115.12756598102

FAQs

What type of property is this?
Retail property - High-Visibility Storefront, Excellent NOI
Where is the retail property located?
The property is located at 1613-1619 Fremont St Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: $1,699,999 asking price for this 5,260 SF retail storefront.; Located at 1613-1619 E Fremont St, Las Vegas, NV 89101.; Features five units, generating approximately $60,000 annual NOI.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1613-1619 Fremont St
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