1613-1619 Fremont StLas Vegas, NV 89101

Property Details for 1613-1619 Fremont St

Year built

1943

Lot size

0.58 AC

Property size (Sq ft)

5,260 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1636

Longitude

-115.128

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