129 N 8Th St Las Vegas, NV 89101

This exceptional investment opportunity encompasses a 166-key hotel portfolio in the heart of downtown Las Vegas, Nevada. The property includes four buildings on approximately 1.94 acres, featuring a 125-room operating boutique hotel with amenities such as Wi-Fi, express check-in/check-out, a fitness center, and a six-hole mini-golf course. Significant capital expenditures upgraded rooms in 2018/2019 and 2024. The portfolio also includes a closed 41-room annex building, an 11-unit apartment building requiring significant repairs, and an undeveloped lot. All parcels are situated within an Opportunity Zone, offering substantial tax advantages. The hotel benefits from a prime location with high visibility and frontage on N. 8th Street, between E. Ogden Avenue and Fremont Street, experiencing significant daily pedestrian traffic. The property's multiple buildings and diverse components present a compelling value-add opportunity for a qualified buyer. The combined lot size is 1.94 acres, with the main hotel buildings constructed in 1965 and renovated in 2019. The property is zoned T5-MS and has a total of 166 keys, offering significant potential for increased revenue and return on investment. The asking price for this unique portfolio is $18,100,000. The Assessor's Parcel Numbers (APN) are 139-34-612-009, 017, 018, 029, 030, 031, 032, 033, and 034.