Vacant Restaurant with
For Sale
Contact for pricing
1930 Fremont St, Las Vegas, NV 89101
Vacant 4,362 SF restaurant building on a 35-space parking lot, positioned for redevelopment under T4 Corridor zoning.
Property Size4,362 SF
Lot Size0.66 Acres
Price / SF$332.42
Days on Market124
Property Features for 1930 Fremont St
General Information
Standard status
Active
Size
4,362 SF
Total Parking Spaces
35
Lot size
0.66 Acres
Property subtype
RETAIL
Zoning
T4-C
Building Details
Year Built
1964
Listing Agency:
Lincoln Property Group | Las Vegas
(702) 525-6217
Listed By:
Laramie Bracken
(702) 525-6217
Source:
Moodyscre
Added: Mar 31
Changed: Jul 25
Last Checked: Aug 1 at 1:22PM
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 Lincoln Property Group | Las Vegas
Investment Insights
Based on property information with market context.
The property is a vacant restaurant space totaling 4,362 SF, built in 1964, and described as being in Vanilla Shell condition. The site is approximately 0.66 acres and includes 35 surface parking spaces.
The listing also notes a MTM tenant, Odyssey Pizza, occupying 1,562 SF. The property is zoned T4 Corridor (T4-C), and is being marketed as a redevelopment opportunity.
With both the restaurant building and on-site parking already in place, the asset offers a straightforward configuration for prospective users or investors assessing redevelopment options under the existing zoning designation.
The listing also notes a MTM tenant, Odyssey Pizza, occupying 1,562 SF. The property is zoned T4 Corridor (T4-C), and is being marketed as a redevelopment opportunity.
With both the restaurant building and on-site parking already in place, the asset offers a straightforward configuration for prospective users or investors assessing redevelopment options under the existing zoning designation.
Key Highlights
- Vacant 4,362 SF restaurant building built in 1964 on a 0.66‑acre site
- 35 surface parking spaces available on‑site
- Zoning: T4 Corridor (T4‑C)
Financial Insights For Specialty Retail
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 | $149.2k | $34.20 |
| − Vacancy | −$8.5k | −$1.95 |
| EGI | $140.7k | $32.25 |
| − OpEx | −$35.2k | −$8.06 |
| NOI | $105.5k | $24.19 |
4,362 SF · lease $34.20/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,508 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,724
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Vacant 4,362 SF restaurant building on a 35-space parking lot, positioned for redevelopment under T4 Corridor zoning.
Where is this conventional restaurant located?
The property is located at 1930 Fremont St Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Vacant 4,362 SF restaurant building built in 1964 on a 0.66‑acre site; 35 surface parking spaces available on‑site; Zoning: T4 Corridor (T4‑C)
