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1731 Las Vegas Blvd S, Las Vegas, NV 89104
37 Rooms | Hotel & Motel
Hotel / Motel - Off Market
- No. Rooms:
- Building Size:
- 20,000 SF
- Property Type:
- Hotel & Motel
- Property Sub-type:
- Economy/ Limited Service
- Additional Sub-types:
- Commercial/ Other (land)
- Property Use Type:
- Commission Split:
- Cap Rate:
- Lot Size:
- 0.68 AC
- Listing ID
- Last Updated
- 248 days ago
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)
Research for 1731 Las Vegas Blvd S, Las Vegas, NV 89104 (Clark County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P