899 Fremont StLas Vegas, NV 89101

  • Theaters & concert halls
  • 32,279 SF

Property Details for 899 Fremont St

Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.36 AC
Property size (Sq ft)
32,279 SF
Property type
Theaters & concert halls
APN
139-34-612-056
APU
13934612056

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$42,227
$933,062
$1,939,641
$2,872,703
-
$2,665,891
$5,541,831
$8,207,722

FAQs

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