This Hotel & Motel Property is Off-Market.

1731 Las Vegas Blvd S
Las Vegas, NV 89104 ·

37 Rooms · Hotel & Motel For Sale

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Oasis Motel

Price N/A Property Use Type Investment
No. Rooms 37 Commission Split 2.5%
Building Size 20,000 SF Cap Rate 1%
Property Type Hotel & Motel Corridor Exterior
Property Sub-type
Economy/Limited Service
More...
  • Commercial/ Other (land)
Lot Size 0.68 AC
Listing ID: 17755148 Date Created: 07/19/2012 Last Updated: 07/06/2013

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.

Research

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

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