899 Fremont St Las Vegas, NV 89101-5617
This exceptional 2.74-acre land parcel presents a unique redevelopment opportunity in the heart of Downtown Las Vegas. Situated on Fremont Street, between South 8th and South 9th Streets, this property boasts over 300 feet of frontage on one of the city's most iconic streets. The site comprises four parcels and offers an irreplaceable location within the vibrant Fremont East Entertainment District, a high-growth submarket brimming with bars, restaurants, and entertainment venues. The property's strategic position places it just three blocks from the Fremont Street Experience, attracting over 26 million visitors annually. The existing structure includes a top-floor open-air courtyard with approximately 50 rooms accessible via an exterior corridor, offering panoramic city views. This full city block presents a rare chance to capitalize on the area's significant growth and potential. The property is zoned T5 Main Street and is located within a Qualified Opportunity Zone, providing additional investment incentives. This is an unparalleled opportunity to develop a landmark project in one of Las Vegas's most dynamic and sought-after locations. Further details are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.