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Gold Spike & Oasis 217 Las Vegas Blvd

130 Room Hotel Las Vegas, NV 89101 For Sale

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Investment Highlights

Rare Boutique Hotel & Gaming Acquisition Opportunity
Irreplaceable Location on Las Vegas Blvd. in the Heart of Downtown Las Vegas
High-Growth Submarket Surrounded by New Developments

Highly-Coveted Non-Restricted Nevada Gaming License
One Block from the Fremont Street Experience w/ 26MM Visitors Annually
Located within a Qualified Opportunity Zone

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 iconic Gold Spike and Oasis hospitality and entertainment properties (the “Properties”) located in the heart of Downtown Las Vegas. The two adjacent Properties operate as one boutique hotel with a combined +/-130 rooms currently, as well as a 24/7 bar and nightlife venue. The Gold Spike has been operating without gaming; however, Ownership has preserved its highly-coveted, non-restricted Nevada gaming license*, creating a significant value-add opportunity for a new operator to reintroduce casino operations and reposition the Properties.
The Properties have been the beneficiaries of Tony Hsieh’s vision and significant investment into Downtown Las Vegas, allowing a new owner to build on Tony’s legacy of developing our local community. Together, the Gold Spike, a landmark property in Downtown Las Vegas since 1976, and the adjacent Oasis boutique hotel, offer a buyer a true, value-add hotel/casino opportunity. We invite you to learn more about this exciting opportunity by executing the Confidentiality Agreement for more information.
For more information and to sign the Confidentiality Agreement, please visit www.goldspikeoasis.com.

GSO Teaser

Property Facts

Sale Type	Investment	No. Rooms	130
Property Type	Hospitality	No. Stories	7
Property Subtype	Hotel	Year Built/Renovated	1974/2014
Building Class	B	Parking Ratio	0.54/1,000 SF
Lot Size	1.52 AC	Corridor	Exterior
Building Size	70,861 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	1.52 AC
Building Size	70,861 SF
No. Rooms	130
No. Stories	7
Year Built/Renovated	1974/2014
Parking Ratio	0.54/1,000 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

Balcony
Business Center
Fitness Center

Pool
High Speed Internet Access
Patio

On-Site Bar
Meeting Event Space
Public Access Wifi

Smoke-Free
Fully-Equipped Kitchen
Multi-Room Suites

Room Mix Information

Description	No. Rooms	Daily Rate	SF
Suite	2	$249.00 USD	-
Guest Room	128	$121.00 USD	-

PROPERTY TAXES

Parcel Numbers	Multiple 139-34-515-002 139-34-515-005 139-34-515-001 139-34-515-004	Improvements Assessment	$2,472,662 USD
Land Assessment	$1,691,692 USD	Total Assessment	$4,164,354 USD

PROPERTY TAXES

Parcel Numbers

Multiple

139-34-515-002
139-34-515-005
139-34-515-001
139-34-515-004

Land Assessment

$1,691,692 USD

Improvements Assessment

$2,472,662 USD

Total Assessment

$4,164,354 USD

zoning

Zoning Code	C-2
C-2

Gino Vincent
Jason Otter
Michael Sclafani
Logic Commercial Real Estate

(702) 954-4113

Listing ID: 29771251
Date on Market: 10/12/2023
Last Updated:
Address: 217 Las Vegas Blvd, Las Vegas, NV 89101

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