Former Tavern and Nightclub
For Sale
$2,240,000
2100 East Fremont Street Las, Las Vegas, NV 89101
Former tavern/nightclub with multiple access points and flexible layout for restaurant, entertainment, or event-focused concepts.
Property Size6,203 SF
Days on Market83
Property Features for 2100 East Fremont Street Las
General Information
Standard status
Active
Size
6,203 SF
Property subtype
Restaurant
Building Details
Building Size
6,203 SF
Year Built
1956
Listing Agency:
coldwell banker premier realty
(702) 938-1375
Listed By:
John McClelland
(702) 938-1375
Source:
Thebrokerlist
Added: Jun 3
Changed: Aug 9
Last Checked: Aug 24 at 3:06AM
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 coldwell banker premier realty
Investment Insights
Based on property information with market context.
This former tavern/nightclub offers an adaptable entertainment-style layout suitable for a range of business concepts, including dining with bar service, event space, cultural or arts programming, family entertainment, or retail redevelopment. Prior use has been as a tavern, which may appeal to operators looking for a familiar operating setup while reimagining the space for a new concept. The property is positioned as a visible, accessible option for tenants seeking an existing nightlife and hospitality framework.
Located on East Fremont Street in the eastern portion of the corridor, the site benefits from several points of ingress and egress and is near a redeveloping corner. The intersection of the eastern end of Fremont includes a newly developed Raising Cane’s, and a Starbucks is under construction. The surrounding area also includes major quick-service and retail operators such as Taco Bell, O’Reilly Auto Parts, and Chevron, along with AutoZone and other nearby businesses.
For buyers and operators, the building’s history as a tavern/nightclub, combined with its multi-access configuration, supports flexible planning for hospitality, nightlife, and community-oriented uses. It may be particularly well-suited for restaurant and bar concepts that want a location within an active redevelopment stretch of East Fremont.
Located on East Fremont Street in the eastern portion of the corridor, the site benefits from several points of ingress and egress and is near a redeveloping corner. The intersection of the eastern end of Fremont includes a newly developed Raising Cane’s, and a Starbucks is under construction. The surrounding area also includes major quick-service and retail operators such as Taco Bell, O’Reilly Auto Parts, and Chevron, along with AutoZone and other nearby businesses.
For buyers and operators, the building’s history as a tavern/nightclub, combined with its multi-access configuration, supports flexible planning for hospitality, nightlife, and community-oriented uses. It may be particularly well-suited for restaurant and bar concepts that want a location within an active redevelopment stretch of East Fremont.
Key Highlights
- Former tavern/nightclub formerly used for bar concepts, with potential for restaurant and bar operation
- Over 6,000 sq. ft. with a flexible layout for restaurant, entertainment, or event‑focused concepts
- Located on Fremont St with visible and accessible frontage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$150,038
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,000,760
$3.0M
Cap Rate 7%
$2,143,400
$2.1M
Cap Rate 9%
$1,667,089
$1.7M
Market Conditions
NOI Build-Up for 6,203 SF
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.
Gross rent
$212.1K $34.20/SF
− Vacancy
−$12.1K −$1.95/SF
EGI
$200.1K $32.25/SF
− OpEx
−$50.0K −$8.06/SF
NOI
$150.0K $24.19/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,000,760
Cap Rate 7%
$2,143,400
Cap Rate 9%
$1,667,089
Alternative Uses
Best Use
Specialty Retail
$2.14M
$1.88M – $2.50M
NOI $150,038 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Former tavern/nightclub with multiple access points and flexible layout for restaurant, entertainment, or event-focused concepts.
Where is this bar & pub located?
The property is located at 2100 East Fremont Street Las Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,240,000.
What are key features of this property?
This property features: Former tavern/nightclub formerly used for bar concepts, with potential for restaurant and bar operation; Over 6,000 sq. ft. with a flexible layout for restaurant, entertainment, or event‑focused concepts; Located on Fremont St with visible and accessible frontage
