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    Goodsprings, NV Sandy Valley, NV Henderson, NV North Las Vegas, NV Cold Creek, NV Enterprise, NV Mountain Springs, NV Jean, NV
    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
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 1 Active listings in Las Vegas, NV, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Hotel and Restaurant Opportunity
    Hotel and Restaurant Opportunity

    1450 S AUTO MALL Dr, St George, UT 84770

    $15,900,000
    59,488 sqft 3.62 AC lot

    101-room hotel and restaurant in receivership, major renovation underway.

    View details
    Hotel for Sale
    Hotel for Sale

    St George, UT 84770

    $15,900,000

    For-sale hotel property in Washington County, positioned for hospitality use at 1450 S Auto Mall Dr W.

    View details
    Quality Inn Opportunity Zone Property
    Quality Inn Opportunity Zone Property

    15765 Mojave Dr, Victorville, CA 92394

    Contact for pricing
    1.03 AC lot

    Highway-accessible hospitality property with value-add potential and tax incentives.

    View details
    Freeway-Adjacent Hotel Conversion Opportunity
    Freeway-Adjacent Hotel Conversion Opportunity

    16901 Stoddard Wells Rd, Victorville, CA 92394

    $4,200,000

    Independent hotel with franchise conversion potential near upcoming railroad project.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Las Vegas Blvd Frontage Land
    Las Vegas Blvd Frontage Land

    Las Vegas Blvd, Las Vegas, NV 89123

    $7,000,000
    3.45 AC lot

    3.45 acres of land on Las Vegas Blvd for sale.

    View details
    Pahrump Land For Sale
    Pahrump Land For Sale

    951 S Shoshone Drive, Pahrump, NV 89048

    $5,000,000
    19.72 AC lot

    Land suitable for casino, hotel, or RV park development.

    View details
    Highway Frontage Commercial Land Available
    Highway Frontage Commercial Land Available

    3971 W Nevada Highway 372, Pahrump, NV 89048

    Contact for pricing
    0.08 AC lot

    Commercial land with highway frontage, ideal for various business ventures.

    View details
    90 Acres Near Grand Canyon
    90 Acres Near Grand Canyon

    XXXXX E Diamond Bar Road E, Meadview, AZ 86444

    $1,400,000
    90.00 AC lot

    90 acres of land near Grand Canyon West.

    View details

    Off-Market Properties in Las Vegas, NV

    Consider similar Off-Market properties in Las Vegas, NV. 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
    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
    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
    100 Fremont St
    HOTEL

    100 Fremont St, Las Vegas, NV 89101-5604

    Value Estimation by Request
    0.07 AC lot
    View details
    12 Ogden Ave
    HOTEL

    12 Ogden Ave, Las Vegas, NV 89101-2943

    Value Estimation by Request
    0.70 AC lot
    View details
    224 1st St
    HOTEL

    224 1st St, Las Vegas, NV 89101

    Value Estimation by Request
    0.41 AC lot
    View details
    129 Fremont St
    HOTEL

    129 Fremont St, Las Vegas, NV 89101-5603

    Value Estimation by Request
    0.09 AC lot
    View details
    129 Fremont St
    HOTEL

    129 Fremont St, Las Vegas, NV 89101-5603

    Value Estimation by Request
    0.21 AC lot
    View details
    128 Fremont St
    HOTEL

    128 Fremont St, Las Vegas, NV 89101-5604

    $2,955,000
    Estimated value
    42,280 sqft 0.52 AC lot
    View details
    309 Fremont St
    HOTEL

    309 Fremont St, Las Vegas, NV 89101-5600

    Value Estimation by Request
    0.16 AC lot
    View details
    4520 Paradise Rd
    HOTEL

    4520 Paradise Rd, Las Vegas, NV 89169-7111

    $24,595,000
    Estimated value
    126,182 sqft 2.38 AC lot
    View details
    6590 Decatur Blvd
    HOTEL

    6590 Decatur Blvd, Las Vegas, NV 89118-2110

    $6,505,000
    Estimated value
    73,292 sqft 2.35 AC lot
    View details
    3834 Paradise Rd
    HOTEL

    3834 Paradise Rd, Las Vegas, NV 89169

    $21,750,000
    Estimated value
    58,174 sqft 2.26 AC lot
    View details
    4381 Flamingo Rd
    HOTEL

    4381 Flamingo Rd, Las Vegas, NV 89103-3903

    $27,565,000
    Estimated value
    292,236 sqft
    View details
    202 Fremont St
    HOTEL

    202 Fremont St, Las Vegas, NV 89101-5606

    $785,000
    Estimated value
    11,921 sqft 0.09 AC lot
    View details
    117 Casino Ctr Blvd
    HOTEL

    117 Casino Ctr Blvd, Las Vegas, NV 89101

    Value Estimation by Request
    0.08 AC lot
    View details
    3993 Boulder Hwy
    HOTEL-RESORT

    3993 Boulder Hwy, Las Vegas, NV 89121

    Value Estimation by Request
    2.35 AC lot
    View details
    1700 Main St
    HOTEL

    1700 Main St, Las Vegas, NV 89104-1200

    Value Estimation by Request
    0.15 AC lot
    View details
    1734 Main St
    HOTEL

    1734 Main St, Las Vegas, NV 89104-1200

    Value Estimation by Request
    2,660 sqft 0.17 AC lot
    View details
    1730 Main St
    HOTEL

    1730 Main St, Las Vegas, NV 89104-1200

    Value Estimation by Request
    0.70 AC lot
    View details

    Las Vegas, NV Hotels Market Trends and Statistics

    Explore 72 hotels for sale in Las Vegas, NV on our real estate platform. These investment opportunities span a total of 59,392 square feet of properties for sale, with an estimated market value of $11,000,000.

    Sale prices for resorts in Las Vegas, NV start at $11,000,000, averaging $11,000,000, 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.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Campgrounds 53
    Resorts 4
    Motels 2
    Hotels 1

    Demographics Overview

    Population 1.65M
    Population Growth (5Y) +26.2%
    Median Household Income $75,005
    College Educated 23.8%

    High-Yield Neighborhoods for Investment

    Identify Las Vegas submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    89102 $14.5M

    Taxes & Financing

    Tax Rate (average for all types) 2.09%
    Property Tax per SF $30.89 per SF
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Clark County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Clark County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Las Vegas fall within the 100,000+ square foot range.

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