Crown Motel 2855 Fremont St 24 Room Hotel Las Vegas, NV 89104 $3,500,000 ($145,833/Room)

The Crown Motel – Value-Add Hospitality, Housing & Redevelopment Opportunity
2855 E. Fremont Street, Las Vegas, NV 89104
24-Unit Hospitality Property | Sale or Master Lease Opportunity | Owner Financing Available
The Crown Motel presents a rare opportunity to acquire or master lease a recently renovated 24-unit property strategically located along the highly visible Fremont Street corridor in Las Vegas. Offered at just $145,833 per key, the property provides exceptional flexibility for investors, operators, non-profit organizations, and housing providers seeking a turnkey asset with multiple potential uses.
Situated on a fully fenced 0.37-acre parcel, the property can function as a traditional motel or be repositioned for a variety of alternative uses, including affordable housing, transitional housing, supportive housing, medical rehabilitation, behavioral health services, workforce housing, boutique hospitality, or other lodging-related concepts.
The property was recently rezoned by Clark County to Commercial General (CG) with a planned land use designation of Entertainment Mixed Use (EM), creating significant long-term redevelopment and value-add potential.
Flexible Acquisition Structure
Owner financing available with as little as 50% down
Master lease opportunities available for qualified operators
Ideal for investors, housing providers, hospitality groups, and service organizations seeking immediate occupancy and operational flexibility
Prime Fremont Street Location
Prominent frontage on East Fremont Street
Excellent visibility and exposure
Convenient access to Downtown Las Vegas, the Fremont Street Entertainment District, and major transportation corridors
Approximately 1.6 miles from Downtown Las Vegas
Located within a rapidly evolving corridor benefiting from continued public and private investment
Market Fundamentals
Las Vegas continues to experience strong population growth, increasing housing demand, and ongoing redevelopment activity. The property's location and zoning position it to capitalize on the growing need for affordable and workforce housing, hospitality accommodations, and specialized residential service facilities.
Highlights
24 remodeled guest units
Fully fenced 0.37-acre site
Commercial General (CG) zoning
Entertainment Mixed Use (EM) planned land use
Sale or master lease opportunity
Owner carry financing available
Strong redevelopment potential
High-visibility Fremont Street frontage
Minutes from Downtown Las Vegas
The Crown Motel offers investors and operators a unique combination of immediate income potential, flexible use options, favorable financing terms, and long-term redevelopment upside in one of Las Vegas' most active growth corridors.