1613-1619 Fremont St Las Vegas, NV 89101
- Retail properties
- 5,260 SF
- 0.58 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1613-1619 Fremont St
- Year built
- 1943
- Lot size
- 0.58 lot acres
- Property size
- 5,260 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 5,260 square foot storefront retail property, located at 1613-1619 E Fremont St in Las Vegas, Nevada, presents a lucrative investment opportunity. Built in 1943 and extensively renovated in 2020, the single-story building sits on a 0.58-acre lot and boasts a strong net operating income (NOI) of $60,000 annually. The property is zoned T4-Z and comprises five individual units, currently generating approximately $5,000 in monthly income. Four of the five tenants are on month-to-month leases, offering flexibility for future development. The asking price is $1,699,999, translating to a price per square foot of $323.19. Its prime location on Fremont Street ensures high visibility and significant foot traffic, making it an ideal investment for discerning buyers seeking a strong return on investment in a vibrant and dynamic urban setting. This property offers a unique blend of established income and significant upside potential. The building's recent renovation ensures modern amenities and functionality, while its historical context adds to its unique character. This is a rare opportunity to acquire a well-performing retail property in a highly sought-after Las Vegas location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.128
- Latitude
- 36.1636
