921 Nevada WayBoulder City, NV 89005

For Sale
$1,500,000

14-Key Hotel, 7.7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
Prime Boulder City, Nevada hotel for sale. This 14-key property boasts 4,863 square feet across two buildings on a 0.59-acre lot with 24 parking spaces. Built in 1936, it's zoned C-2 Central Business District and enjoys a 95% occupancy rate, generating a $79,000 NOI. The asking price is $1,500,000, representing a 7.7% cap rate (averaged from 8.3% in 2022 and 7.0% in 2023). Located at 921 Nevada Way, Boulder City, NV 89005, this property benefits from high visibility on a busy thoroughfare, making it ideal for various commercial uses. The strong tourism industry and growing local population offer significant growth potential. This is a rare opportunity to acquire a well-established hotel in a desirable location. APN: 186-08-610-029. No ground lease.

Highlights

  • High-visibility Boulder City commercial property with excellent access to major transportation routes.
  • Versatile space suitable for retail, office, or service businesses.
  • Strong growth potential due to tourism and population growth.
  • Ample on-site parking.
  • Averaged 7.7% return on investment (ROI) in 2022 and 2023.

Property Details for 921 Nevada Way

Property type
Other hospitality properties, Hotels
Square Feet
4,863 SF
Year Built
1936
Buildings
2
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Boulder City
County
Clark
State
Nevada
Latitude
35.974406878116
Longitude
-114.84392204434
921 Nevada Way, Boulder City, Nevada

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921 Nevada Way
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