750 Fremont StLas Vegas, NV 89101

Property Details for 750 Fremont St

Year built

2015

Construction

STEEL FRAME

Lot size

0.64 AC

Property size (Sq ft)

36,879 SF

Property type

Retail properties

Property subtype

Bars

APN

139-34-601-009

APU

13934601009

Description

This exceptional three-story, 40,000-square-foot event venue is situated on Fremont Street in historic Downtown Las Vegas, directly across from Container Park. Boasting nine unique and flexible event spaces, this Class A property is perfect for groups of all sizes, accommodating up to 2,000+ guests. The building, constructed in 2015, features a stunning rooftop lounge and bar offering breathtaking views of the city and mountains. A full-service kitchen and state-of-the-art audio/visual capabilities, including premium audio, video production, and lighting, are included. A large built-in stage with plug-and-play technology enhances its versatility. The property sits on a 0.64-acre lot and is currently vacant, with an occupancy date of July 31, 2024. The asking price is $23,000,000 ($575 per square foot). This owner-user investment opportunity presents a unique chance to acquire a premier event space in a prime Las Vegas location. The property is zoned T5-MS and features elegant design elements of iron, wood, and stone, creating an unparalleled setting for memorable events. The building consists of one structure with three stories and is currently vacant. APN: 139-346-01-009.

• CAP approach

  CAP return

  Valuation

  6%

  $12,792,360

  6.5%

  $11,808,333

  7%

  $10,964,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,619,544

  Geo Method

  $18,619,544

• Alternative Use

  Use

  Valuation

  Residential

  $9,960,770

  Hospitality

  $9,124,012

  Educational

  $7,591,071

  Medical

  $7,852,140

  Retail

  $11,808,333

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1683

Longitude

-115.137

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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