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    FOR SALE
    Specialty properties

    3015 E Fremont St, Las Vegas, NV 89104

    6,180 SF 2.02 ac lot Built 1962
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US62-0108236
    Property summary
    AI-generated overview

    This exceptional 8,479 square foot, single-tenant property at 3015 E Fremont St, Las Vegas, NV 89104, presents a lucrative investment opportunity. Currently operating as a thriving bar, restaurant, and live entertainment venue, it boasts a fully remodeled interior, including a state-of-the-art kitchen, sleek bar, and impressive entertainment features such as LED dance floors and atmospheric lighting. The property sits on a 2.02-acre lot with ample parking for 180 vehicles. Zoned EM/H-1, it offers diverse possibilities for continued operation as a multi-faceted entertainment destination or repurposing to suit a buyer's vision. The property is 100% occupied, with the current lease expiring October 1, 2024. Key features include renovated restrooms, a liquor license (transferable to the new owner), and a prime location just 2.5 miles from the Fremont Street Experience and 7.8 miles from McCarran International Airport. This stabilized Class B property is offered at $3,400,000 and is suitable for a 1031 exchange. The property's size, amenities, and location make it an ideal investment for owner-users or investors seeking a high-return asset in the vibrant Las Vegas entertainment district. The property includes a private upstairs party area with its own restroom overlooking the main club. The building is approximately 6,000 square feet.

    Property profile
    Verified
    Property type Specialty properties
    Use group PROFESSIONAL CLUBS/ASSOCIATIONS
    Year built 1962
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 6,180 SF
    Lot 2.02 ac (87,991 SF)
    APN 162-01-601-037
    UPID US62-0108236
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Imperio Restaurant Bar Nightclub Music Venue
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
    by Request
    Owner & transaction history
    New Strategies LLC · 9 yrs held
    New Strategies LLC
    since 2017
    7 recorded transactions
    2017
    $700,000
    2014
    $965
    2014
    $1,386
    2013
    $530,000
    2012
    2012
    $475,000
    2011
    $310,960
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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