Historic Fremont Street Redevelopment
1512 East Fremont Street Las Vegas, NV 89101
For Sale
$2,200,000
Redevelopment opportunity with high visibility on Fremont Street.
Property Size14,266 SF
Price / SF$154.21
Days on Market180
Property Features for 1512 East Fremont Street
General Information
- Standard status
- Active
- Size
- 14,266 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing Agency:
(225) 284-0985
Listed By:
Buck Hujabre · License #NV #BS.1002453
(225) 284-0985
Source:
Corfac
Added: Jan 26
Changed: Jul 6
Last Checked: Jul 25 at 4:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Buck Hujabre
Investment Insights
Based on property information with market context.
The former Western Theatre on Fremont, currently operating as American Printing, presents a multitude of potential uses including retail, warehouse, office, showroom, or redevelopment. The property has frontage on Fremont Street, with visibility from nearby hotels and multifamily residences. A 50¢ theater ticket with the name “Western Theater” was discovered during a renovation, along with a popcorn bag. After its time as a theater, the building housed a Bicycle & Lawn Mower Shop, a Barber Shop, and a Furniture Store. In 1967, a printing company opened with two employees, occupying 500 square feet of this historic building. In 1968, 4 feet of fill and concrete were placed in the old theater to accommodate larger printing equipment. The building was remodeled in 1993. The building is approximately 14,266 square feet and includes a next-door parking lot. The property is near the corner of E. Fremont and 15th Street, within walking distance to Fremont Village and in proximity to the Fremont Redevelopment District. It has 100+ feet of frontage on Fremont Street and is approximately 1.4 miles from I-11 Freeway and includes one grade loading door.
Key Highlights
- Prime redevelopment opportunity with 100+ feet of frontage on Fremont Street and exceptional visibility.
- Rare, ±14,266 SF Office/Industrial/Showroom building in the desirable E. Fremont corridor.
- Multitude of potential uses: retail, office, warehouse, mixed‑use, or continued use as a printing operation.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.0k | $9.60 |
| − Vacancy | −$15.9k | −$1.11 |
| EGI | $121.1k | $8.49 |
| − OpEx | −$18.2k | −$1.27 |
| NOI | $102.9k | $7.21 |
14,266 SF · lease $9.60/SF/yr · vacancy 11.60% · expense 15.00%
Alternative Uses
Best Use
Retail
$4.60M
$4.03M – $5.37M
NOI $322,061 @ 7.0% cap · market cap 14.64%
Second Best
Office B
$3.14M
$2.74M – $3.66M
NOI $219,554 @ 7.0% cap · market cap 9.98%
Theoretical Best
Specialty Retail
$4.93M
$4.31M – $5.75M
NOI $345,065 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
American Printing
Marketing & Advertising
Similar Off Market Nearby
- Goldbox Food Truck — 707 Fremont St, Las Vegas, NV 89101
- BarFly Bites — 100 S Maryland Pkwy, Las Vegas, NV 89101
- Cinful Cocktails Private Bartending Service — Las Vegas, NV 89101
FAQs
What type of property is this?
Flex space - Redevelopment opportunity with high visibility on Fremont Street.
Where is this flex space located?
The property is located at 1512 East Fremont Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime redevelopment opportunity with **100+ feet of frontage on Fremont Street and exceptional visibility**.; Rare, ±14,266 SF Office/Industrial/Showroom building in the desirable E. Fremont corridor.; Multitude of potential uses: retail, office, warehouse, mixed‑use, or continued use as a printing operation.
