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Western Hotel & Bingo Parlor 899 Fremont St

49 Room Hotel Las Vegas, NV 89101 For Sale

Investment Highlights

  • Rare Full City Block Redevelopment Opportunity in Downtown Las Vegas
  • Three Blocks from the Fremont Street Experience W/ 26MM Visitors Annually
  • Located within a Qualified Opportunity Zone
  • Irreplaceable Location on Fremont St. in the Heart of Downtown Las Vegas
  • High-Growth Submarket Surrounded by New Developments

Executive Summary

On behalf of the Tony Hsieh Estate (“Ownership”), LOGIC Commercial Real Estate (“Broker”) is pleased to present the exclusive opportunity to acquire the Western Hotel & Casino property, a rare, full city block redevelopment opportunity in Downtown Las Vegas. The property is located on Fremont St. between S. 8th St. and S. 9th St., and comprised of four parcels totaling +/-2.74 acres. The top floor features an open-air courtyard with +/-50 rooms accessible by an exterior corridor with panoramic views of the city. This site features over 300 feet of frontage on Fremont St. and is directly adjacent to the Fremont East Entertainment District, which includes numerous bars, restaurants, and entertainment venues.
Click here to access the Offering Memorandum https://logiccre.com/western-hotel-ca/

Property Facts

Sale Type Investment No. Rooms 49
Property Type Hospitality Number of Floors 2
Property Subtype Hotel Year Built 1970
Building Class B Parking Ratio 3.52/1,000 SF
Lot Size 2.74 AC Corridor Exterior
Building Size 54,257 SF 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.
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.74 AC
Building Size 54,257 SF
No. Rooms 49
Number of Floors 2
Year Built 1970
Parking Ratio 3.52/1,000 SF
Corridor Exterior
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.

Amenities

  • On-Site Casino

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 49 £48.51 -
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Walk Score ®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 139-34-612-026
  • 139-34-612-056
  • 139-34-612-028
  • 139-34-612-027
 Improvements Assessment £1,411,384
Land Assessment £1,470,882 Total Assessment £2,882,267

PROPERTY TAXES

Parcel Numbers
Multiple
  • 139-34-612-026
  • 139-34-612-056
  • 139-34-612-028
  • 139-34-612-027
Land Assessment
£1,470,882
Improvements Assessment
£1,411,384
Total Assessment
£2,882,267

zoning

Zoning Code C2
C2
(702) 340-9490

  • Listing ID: 30341844

  • Date on Market: 11/12/2023

  • Last Updated:

  • Address: 899 Fremont St, Las Vegas, NV 89101

The Hospitality Property at 899 Fremont St, Las Vegas, NV 89101 is currently available For Sale. Contact Logic Commercial Real Estate for more information.

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(702) 340-9490

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