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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.
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 49 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1970 |
| Building Class | B | Parking Ratio | 3.52/1,000 SF |
| Lot Size | 3.12 AC | Corridor | Exterior |
| Building Size | 54,257 SF | Opportunity Zone |
Yes
|
| Zoning | C2 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.12 AC |
| Building Size | 54,257 SF |
| No. Rooms | 49 |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 3.52/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C2 |
AMENITIES
- On-Site Casino
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 49 | $62.00 | - |
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Numbers | 139-34-612-026, 139-34-612-056, 139-34-612-027, 139-34-612-028 | Improvements Assessment | $1,803,801 |
| Land Assessment | $1,879,842 | Total Assessment | $3,683,643 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,879,842
Improvements Assessment
$1,803,801
Total Assessment
$3,683,643
MAP
ADDITIONAL PHOTOS
Exterior
3D aerial South Face
Interior
Interior
Exterior