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Las Vegas Hostel 1322 Fremont St

39 Room Hostel Las Vegas, NV 89101 £2,397,680 (£61,479/Room)

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Investment Highlights

Strategic Location: The Property is located on Fremont St. within walking distance from the entrance to the world-famous Fremont Street Experience.
Ample Amenities: The Property offers abundant amenities for guests such as a restaurant, swimming pool, lounge area, equipment-ready kitchen, & more.
Income Tax Free State: Nevada has no state income tax.

Unique Hospitality & Restaurant Mixed Use Opportunity: Currently vacant, the Property creates an opportunity to reopen the hospitality and restaurant.
Opportunity Zone: The Property is located within an Opportunity Zone which offers tax advantages.

Executive Summary

The Investment Services Group of LOGIC Commercial Real Estate has been exclusively retained to offer a current non-operating ±21,086 SF, 3-Story Hospitality Building which includes 39 hotel rooms, an attached restaurant, and large game room/entertainment area. The 39 hotel rooms include a mix of 2 to 4 bunk beds, double queens, and single kings. The Property boasts a range of amenities, including a swimming pool, lounge area, equipment-ready kitchen, theater room, coin operated laundry, and a secure parking lot. Positioned on ±0.46 acres at the corner of Fremont Street (±9,650 CPD) and S. 14th St., the Property is strategically located within walking distance from the heart of Downtown Las Vegas dining and entertainment. The Property is also located within an Opportunity Zone which offers potential tax benefits for investors.
With its current vacancy, this offering presents a unique opportunity for an investor to revitalize and reposition the Property to meet contemporary market demands in one of Las Vegas’ most dynamic submarkets.
Link to OM: https://logiccre.com/1031_properties/1322-fremont-st/

1322 Fremont St.

Property Facts

Price	£2,397,680	Building Size	21,086 SF
Price Per Room	£61,479	No. Rooms	39
Sale Type	Investment or Owner User	Number of Floors	3
Property Type	Hospitality	Year Built	1973
Property Subtype	Hostel	Parking Ratio	1.27/1,000 SF
Building Class	B	Corridor	Interior
Lot Size	0.46 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£2,397,680
Price Per Room	£61,479
Sale Type	Investment or Owner User
Property Type	Hospitality
Property Subtype	Hostel
Building Class	B
Lot Size	0.46 AC
Building Size	21,086 SF
No. Rooms	39
Number of Floors	3
Year Built	1973
Parking Ratio	1.27/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.