Historical Hotel & Motel Sale Listing - Oasis Motel

Hotel & Motel For Sale

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Oasis Motel

1731 Las Vegas Blvd S, Las Vegas, NV 89104

N/A

37 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
37
Building Size:
20,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/Limited Service
Additional Sub-types:
Commercial/ Other (land)
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
1%
Corridor:
Exterior
Lot Size:
0.68 AC
Listing ID
17755148
Last Updated
over 1 year ago

Description

The Oasis Motel, an incredibly well positioned .68 acre (approx 100 x 300) parcel on Las Vegas Blvd located just northeast of the Stratosphere. Key redevelopment site or land hedge with C-2 zoning.

Prospective opportunity to acquire the neighboring parcels as well.

Family owned and operated since 1989, this landmark motel consists of 37 guest rooms, a manager's quarters, and two Las Vegas Blvd storefront retail spaces of approximately 850 and 1,000 sf.

The northern retail space is leased to a Smoke Shop for $1,300 per month plus utilities, and the other space is vacant, but not advertised as available.

In November 2012 the guest rooms were closed due to unabated prostitution and code violations. The property owner is updating the rooms, satisfying the violations, and intends to reopen by summer 2013

Prime Las Vegas Blvd S parcel, just south of Oakey, northeast of the Stratosphere Hotel and Casino.

Map of 1731 Las Vegas Blvd S, Las Vegas, NV 89104 (Clark County)

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