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    Downtown Las Vegas Hotel Opportunity
    Updated: Jul 18, 2023
    Downtown Las Vegas Hotel Opportunity

    129 N 8th St, Las Vegas, NV

    $11,000,000
    59,392 sqft 0.67 AC lot
    Located in an Opportunity Zone in downtown Las Vegas
    Features 125 operating hotel rooms with limited service
    Includes additional annex parcels with redevelopment potential: a closed 41‑room building, a closed 11‑unit apartment building, and an undeveloped corner lot
    Significant capital expenditures were made to upgrade rooms in 2018/2019 and 2024
    Amenities include Wi‑Fi in all rooms, express check‑in/check‑out, a fitness center, and a 6‑hole mini golf course
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    This listing looks promising.

    Here's a quick look at some key insights for

    129 N 8th St, Las Vegas, NV

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    • Est. Cap Rate

      5.7%
      NOI ÷ price

    • Est. NOI

      $632K
      Annual

    • Price @ 7% Cap

      $9.02M
      Suggested

    • Property Type

      Motel
      Built 1963
    View Property Analytics
    Historic Hotel with Bar and Restaurant
    Updated: May 11
    Historic Hotel with Bar and Restaurant

    59 Main Street, Austin, NV 89310

    $500,000
    8,312 sqft 0.17 AC lot
    Historic hotel with 18 upstairs hotel rooms and an active bar and restaurant downstairs
    Originally built in Virginia City, NV, and disassembled and moved to Austin, NV in 1863
    Metal roof with brick and wood siding construction materials
    Central air plus evaporative cooling; heating includes forced air and natural gas
    Fireplace included; flooring includes wood, vinyl, and varies
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    Motel with Flexible Development Site
    Motel with Flexible Development Site

    3251 S Carson Street, Carson City, NV 89701

    $2,975,000
    5,900 sqft 3.52 AC lot

    Motel property with 24 units across three buildings, outdoor common areas, and paved parking on a 3.52-acre site.

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    Hotel Portfolio with Redevelopment Potential
    Hotel Portfolio with Redevelopment Potential

    Aultman Street, Ely, NV 89301

    $3,000,000
    16,791 sqft 2.13 AC lot

    Six-city-parcel hotel package includes two operating properties and additional structures ready for demo and redevelopment.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Beatty Nevada Hotel with RV
    Beatty Nevada Hotel with RV

    350 S First St, Beatty, NV 89003

    $2,900,000
    17,598 sqft

    54-room hotel in Beatty, Nevada, catering to military contractors.

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    Turnkey Hotel in Lamoille, NV
    Turnkey Hotel in Lamoille, NV

    925 Lamoille Road, Lamoille, NV 89828

    $549,000
    1,930 sqft 0.29 AC lot

    Charming 3-room hotel with shop and mountain views.

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    Park Vue Hotel with 19 Rooms
    Park Vue Hotel with 19 Rooms

    930 Aultman Street, Ely, NV 89301

    $1,400,000
    8,317 sqft

    Furnished hotel property on Aultman Street with manager quarters and 19 guest rooms.

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    Magnuson-Family Hotel with 21 Rooms
    Magnuson-Family Hotel with 21 Rooms

    1101 Aultman Street, Ely, NV 89301

    $1,300,000
    8,474 sqft

    For-sale hotel with 21 fully furnished guest rooms, a reception area, kitchen and office space, and onsite manager quarters.

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    Mixed-Use Commercial Property in Wells
    Mixed-Use Commercial Property in Wells

    755 Humboldt Ave, Wells, NV 89835

    $1,600,000
    11,033 sqft

    Mixed-use property with hotel, restaurant, and RV park components.

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    Former Hotel with Kitchenettes
    Former Hotel with Kitchenettes

    140 Court St, Reno, NV 89501

    $6,000,000
    55,471 sqft

    93-room former hotel with kitchenettes and indoor pool.

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    Historic Tonopah Mixed-Use Building
    Historic Tonopah Mixed-Use Building

    150 N Main St, Tonopah, NV 89049

    $225,000
    4,300 sqft

    Iconic building in downtown Tonopah with endless possibilities.

    View details
    Based on your search, we've compiled 72 Potential Opportunities for your consideration. Besides 11 Active listings in Nevada, we suggest exploring several alternatives: similar 61 Off-Market properties to explore as potential leads

    Off-Market Properties in Nevada

    Consider similar Off-Market properties in Nevada. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    301 Main St
    HOTEL

    301 Main St, Las Vegas, NV 89101-6316

    $1,450,000
    Estimated value
    21,600 sqft 0.24 AC lot
    View details
    9845 Gtwy Dr
    HOTEL

    9845 Gtwy Dr, Reno, NV 89521-8995

    $10,145,000
    Estimated value
    31,005 sqft 3.25 AC lot
    View details
    4365 Craig Rd
    HOTEL

    4365 Craig Rd, Las Vegas, NV 89115-1805

    $3,615,000
    Estimated value
    55,216 sqft 1.51 AC lot
    View details
    1501 Sahara Ave
    HOTEL

    1501 Sahara Ave, Las Vegas, NV 89102-4820

    $8,175,000
    Estimated value
    38,968 sqft 0.73 AC lot
    View details
    500 Oak St
    HOTEL/MOTEL

    500 Oak St, Elko, NV 89801-2977

    Value Estimation by Request
    6,680 sqft 0.25 AC lot
    View details
    Las Vegas, NV 89109
    HOTEL-RESORT

    Las Vegas, NV 89109

    $590,000
    Estimated value
    2.98 AC lot
    View details
    Las Vegas, NV 89109
    HOTEL-RESORT

    Las Vegas, NV 89109

    $595,000
    Estimated value
    7.00 AC lot
    View details
    Las Vegas, NV 89109
    HOTEL-RESORT

    Las Vegas, NV 89109

    Value Estimation by Request
    1.56 AC lot
    View details
    412 3rd St
    HOTEL/MOTEL

    412 3rd St, Panaca, NV 89042

    Value Estimation by Request
    1,191 sqft 0.79 AC lot
    View details
    17 Hospitality Way
    HOTEL/MOTEL

    17 Hospitality Way, Carson City, NV 89706-1914

    $6,815,000
    Estimated value
    28,776 sqft 1.76 AC lot
    View details
    1435 Cornell Ave
    HOTEL/MOTEL

    1435 Cornell Ave, Lovelock, NV 89419-8070

    $665,000
    Estimated value
    1,020 sqft 0.69 AC lot
    View details
    100 Fremont St
    HOTEL

    100 Fremont St, Las Vegas, NV 89101-5604

    Value Estimation by Request
    0.07 AC lot
    View details
    3529 Us Hwy 50th E
    HOTEL/MOTEL

    3529 Us Hwy 50th E, Carson City, NV 89701-2807

    Value Estimation by Request
    4,489 sqft 0.74 AC lot
    View details

    Nevada Hotels Market Trends and Statistics

    Explore 72 hotels for sale in Nevada, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 191,618 square feet of properties for sale, with an estimated market value of $28,474,000.

    Sale prices for resorts in Nevada start at $225,000, averaging $2,847,400, and reaching up to $11,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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