1512 Fremont StLas Vegas, NV 89101

Property Details for 1512 Fremont St

Year built

1933

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.36 AC

Property size (Sq ft)

14,266 SF

Property type

Retail properties

Property subtype

Retail space

APN

139-35-314-002

APU

13935314002

Description

This exceptional 14,266-square-foot retail shopping center, located at 1512 E Fremont St, Las Vegas, NV 89101, presents a unique investment opportunity. Built in 1970, this single-story, 1-unit building sits on a 0.52-acre lot (APN 13935314002) and boasts over 100 feet of prime Fremont Street frontage, offering unparalleled visibility. Previously a theater and later a printing business, the property is zoned T4 and offers a multitude of potential uses, including retail, warehouse, office, showroom, or redevelopment. The building features one grade-level loading door and ample parking. Its location is highly desirable, within walking distance of Fremont Village and the Fremont Redevelopment District, and approximately 11.4 miles from the I-11 Freeway. This property represents a chance to own a piece of Las Vegas history with significant redevelopment potential in a vibrant and growing area. The asking price is $3,000,000. The property's rich history includes periods as a theater, bicycle shop, barber shop, and furniture store, before becoming the long-standing home of American Printing. The building underwent renovations in 1993.

• CAP approach

  CAP return

  Valuation

  6%

  $4,948,502

  6.5%

  $4,567,848

  7%

  $4,241,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,202,646

  Geo Method

  $7,202,646

• Alternative Use

  Use

  Valuation

  Residential

  $3,853,151

  Hospitality

  $3,529,466

  Educational

  $2,936,474

  Medical

  $3,037,464

  Retail

  $4,567,848

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1637

Longitude

-115.129

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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