This exceptional 2.74-acre land parcel presents a unique redevelopment opportunity in the heart of Downtown Las Vegas. Situated on Fremont Street, between South 8th and South 9th Streets, this property boasts over 300 feet of frontage on one of the city's most iconic streets. The site comprises four parcels and offers an irreplaceable location within the vibrant Fremont East Entertainment District, a high-growth submarket brimming with bars, restaurants, and entertainment venues. The property's strategic position places it just three blocks from the Fremont Street Experience, attracting over 26 million visitors annually. The existing structure includes a top-floor open-air courtyard with approximately 50 rooms accessible via an exterior corridor, offering panoramic city views. This full city block presents a rare chance to capitalize on the area's significant growth and potential. The property is zoned T5 Main Street and is located within a Qualified Opportunity Zone, providing additional investment incentives. This is an unparalleled opportunity to develop a landmark project in one of Las Vegas's most dynamic and sought-after locations. Further details are available upon request.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$8,718,341
Hospitality
$7,985,954
Educational
$6,644,220
Medical
$6,872,724
Retail
$10,335,453
Location Insight
City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1668
Longitude
-115.137
CBSA code
29820
CBSA name
LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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