3015 E Fremont St Las Vegas, NV 89104
Property summary
This exceptional 8,479 square foot, single-tenant property at 3015 E Fremont St, Las Vegas, NV 89104, presents a lucrative investment opportunity. Currently operating as a thriving bar, restaurant, and live entertainment venue, it boasts a fully remodeled interior, including a state-of-the-art kitchen, sleek bar, and impressive entertainment features such as LED dance floors and atmospheric lighting. The property sits on a 2.02-acre lot with ample parking for 180 vehicles. Zoned EM/H-1, it offers diverse possibilities for continued operation as a multi-faceted entertainment destination or repurposing to suit a buyer's vision. The property is 100% occupied, with the current lease expiring October 1, 2024. Key features include renovated restrooms, a liquor license (transferable to the new owner), and a prime location just 2.5 miles from the Fremont Street Experience and 7.8 miles from McCarran International Airport. This stabilized Class B property is offered at $3,400,000 and is suitable for a 1031 exchange. The property's size, amenities, and location make it an ideal investment for owner-users or investors seeking a high-return asset in the vibrant Las Vegas entertainment district. The property includes a private upstairs party area with its own restroom overlooking the main club. The building is approximately 6,000 square feet.
Property profile
VerifiedCap rate & NOI
Current use
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Nightclub Music Venue
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Derived from the Las Vegas market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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