1613 Fremont StLas Vegas, NV 89101

Property Details for 1613 Fremont St

Year built

1943

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

1,400 SF

Property type

Retail space

APN

139-35-301-006

APU

13935301006

Description

This exceptional 5,600-square-foot flex space boasts prime visibility on Fremont Street in Las Vegas, Nevada. The property, built in 1951 and renovated in 2020, features a two-story office component of approximately 2,500 square feet, offering seven offices. A 3,200-square-foot warehouse is also included. An additional 1,600-square-foot block storage building is situated on the 0.29-acre lot, though not included in the listed square footage or sale price. The property benefits from 64 linear feet of Fremont Street frontage, providing unparalleled exposure. The T4-Z zoning allows for a wide range of uses. The building has one loading dock and a 14-foot ceiling height. This single-unit Class C industrial property is priced at $1,699,999, representing a price per square foot of $303.57 and a price per unit of $1,699,999. The property's APN is 139-35-301-004. This is an owner/user investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $485,623

  6.5%

  $448,268

  7%

  $416,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $706,835

  Geo Method

  $706,835

• Alternative Use

  Use

  Valuation

  Residential

  $378,131

  Hospitality

  $346,366

  Educational

  $288,172

  Medical

  $298,083

  Retail

  $448,268

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1639

Longitude

-115.127

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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