Crown Motel | 2855 Fremont St
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Crown Motel 2855 Fremont St
22 Room Hotel Las Vegas, NV 89104 $3,500,000 ($159,091/Room)
Investment Highlights
- High-traffic area with excellent visibility
- Close to major transportation routes
Executive Summary
Unlock a prime redevelopment opportunity on historic Fremont Street! Situated directly across from the vibrant Showboat development, 2855 E Fremont Street offers a rare chance to invest in one of Las Vegas's most iconic corridors. This property is ideally positioned for investors looking to capitalize on the ongoing revitalization of Fremont Street, a hub of culture, entertainment, and innovation.
With significant frontage and easy access, this site is perfect for the ongoing need for affordable housing development. The property’s proximity to major transportation routes and its location in a high-traffic, high-visibility area make it an attractive option for developers seeking to create a lasting impact in Las Vegas. OWNER WILL CARRY WITH 40% DOWN, CALL FOR DETAILS!!!
Don’t miss the opportunity to be part of Fremont Street’s next chapter. Whether envisioning a boutique motel, affordable housing apartments, or medical rehab center, 2855 E Fremont Street offers the canvas to bring your development dreams to life.
With significant frontage and easy access, this site is perfect for the ongoing need for affordable housing development. The property’s proximity to major transportation routes and its location in a high-traffic, high-visibility area make it an attractive option for developers seeking to create a lasting impact in Las Vegas. OWNER WILL CARRY WITH 40% DOWN, CALL FOR DETAILS!!!
Don’t miss the opportunity to be part of Fremont Street’s next chapter. Whether envisioning a boutique motel, affordable housing apartments, or medical rehab center, 2855 E Fremont Street offers the canvas to bring your development dreams to life.
Property Facts
| Price | $3,500,000 | Building Size | 10,332 SF |
| Price Per Room | $159,091 | No. Rooms | 22 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Conditions | Redevelopment Project | Year Built | 1998 |
| Property Type | Hospitality | Parking Ratio | 2.61/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.37 AC |
| Price | $3,500,000 |
| Price Per Room | $159,091 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 10,332 SF |
| No. Rooms | 22 |
| No. Stories | 2 |
| Year Built | 1998 |
| Parking Ratio | 2.61/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Smoke-Free
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | $129.00 | - |
PROPERTY TAXES
| Parcel Number | 162-01-202-009 | Improvements Assessment | $237,071 |
| Land Assessment | $53,589 | Total Assessment | $290,661 |
PROPERTY TAXES
Parcel Number
162-01-202-009
Land Assessment
$53,589
Improvements Assessment
$237,071
Total Assessment
$290,661
zoning
| Zoning Code | H-2 (2855 E Fremont Street is zoned H-2, a classification designed to support high-density residential and commercial developments.) |
| H-2 (2855 E Fremont Street is zoned H-2, a classification designed to support high-density residential and commercial developments.) |
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Crown Motel | 2855 Fremont St
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