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Property profile & analytics
OFF-MARKET Estimated value $755,000
Theaters & concert halls

899 Fremont St Las Vegas, NV 89101-5617

32,279 SF 1.36 ac lot Built 1970
Entity Owned 13-yr Hold Free & Clear
Property ID
US62-1205181
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Theaters & concert halls
Use group ARENA, CONVENTION CENTER
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 32,279 SF
Lot 1.36 ac (59,242 SF)
APN 139-34-612-056
UPID US62-1205181
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$755k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$755k
Owner & transaction history
899 Fremont LLC · 13 yrs held
899 Fremont LLC
since 2013
4 recorded transactions
2013
$14.0M
2006
Price N/A
2004
$3.3M
1997
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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