1506 Las Vegas Blvd Las Vegas, NV 89104
- Hospitality properties
Current Use by Public Records
- Gold Tattoo / Tattoo Shop
Property Details for 1506 Las Vegas Blvd
- Year built
- 1954
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 26-room hotel, located at 1506 Las Vegas Blvd S, Las Vegas, NV 89104, presents a lucrative investment opportunity. Built in 1954 and extensively renovated in 2020, this two-story building sits on a prime Las Vegas Boulevard South location, offering significant frontage. The property is zoned C-2, allowing for versatile commercial uses. The hotel boasts an existing kitchen, ideal for a restaurant, and additional space suitable for a salon or retail shop, presenting a unique opportunity to expand revenue streams. The current owner has successfully managed the property and is willing to consider seller financing with attractive terms. The property's APN is 162-03-210-064. This is a rare chance to acquire a well-established hotel in a high-traffic area of Las Vegas, offering both immediate income and significant potential for future growth. The asking price is $7,500,000. This is an owner/user investment opportunity. The single building offers a blend of hospitality and retail potential, making it an attractive investment for both seasoned and emerging investors. The property's strong location and recent renovations make it a turnkey operation ready for immediate income generation.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.152
- Latitude
- 36.153
