1506 Las Vegas BlvdLas Vegas, NV 89104

For Sale
$7,500,000

Iconic Las Vegas Blvd Hotel - $7.5M

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 26-room hotel, located at 1506 Las Vegas Blvd S, Las Vegas, NV 89104, presents a lucrative investment opportunity. Built in 1954 and extensively renovated in 2020, this two-story building sits on a prime Las Vegas Boulevard South location, offering significant frontage. The property is zoned C-2, allowing for versatile commercial uses. The hotel boasts an existing kitchen, ideal for a restaurant, and additional space suitable for a salon or retail shop, presenting a unique opportunity to expand revenue streams. The current owner has successfully managed the property and is willing to consider seller financing with attractive terms. The property's APN is 162-03-210-064. This is a rare chance to acquire a well-established hotel in a high-traffic area of Las Vegas, offering both immediate income and significant potential for future growth. The asking price is $7,500,000. This is an owner/user investment opportunity. The single building offers a blend of hospitality and retail potential, making it an attractive investment for both seasoned and emerging investors. The property's strong location and recent renovations make it a turnkey operation ready for immediate income generation.

Highlights

  • $7,500,000 asking price.
  • 26-room hotel in Las Vegas, NV.
  • Owner/user investment opportunity.
  • Built in 1954, renovated in 2020.
  • One, two-story building on a C-2 zoned lot.
  • Located at 1506 Las Vegas Blvd S, Las Vegas, NV 89104 (APN 162-03-210-064).

Property Details for 1506 Las Vegas Blvd

Property type
Other hospitality properties, Hotels
Year Built/Renovated
1954/2020
Buildings
1
Stories
2

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1530383
Longitude
-115.15169
1506 Las Vegas Blvd, Las Vegas, Nevada

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1506 Las Vegas Blvd
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