921 Nevada Way Boulder City, NV 89005
- Hospitality properties
- 4,863 SF
- 0.59 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 921 Nevada Way
- Year built
- 1936
- Lot size
- 0.59 lot acres
- Property size
- 4,863 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
Prime Boulder City, Nevada hotel for sale. This 14-key property boasts 4,863 square feet across two buildings on a 0.59-acre lot with 24 parking spaces. Built in 1936, it's zoned C-2 Central Business District and enjoys a 95% occupancy rate, generating a $79,000 NOI. The asking price is $1,500,000, representing a 7.7% cap rate (averaged from 8.3% in 2022 and 7.0% in 2023). Located at 921 Nevada Way, Boulder City, NV 89005, this property benefits from high visibility on a busy thoroughfare, making it ideal for various commercial uses. The strong tourism industry and growing local population offer significant growth potential. This is a rare opportunity to acquire a well-established hotel in a desirable location. APN: 186-08-610-029. No ground lease.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boulder City
- County
- Clark
- State
- Nevada
- Longitude
- -114.844
- Latitude
- 35.9744
