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Diamond Inn Motel 4605 S Las Vegas Blvd 40 Room Hotel Las Vegas, NV 89119 For Sale
Investment Highlights
- Located near Elon Musk’s Vegas Loop and the Welcome to Las Vegas sign, positioning it at the intersection of luxury, innovation, and foot traffic.
- Direct access to the Las Vegas Monorail and Interstate 15 for easy accessibility and seamless transportation across The Strip.
- Rarely does an asset with this visibility, location, and history come to market; the auction opportunity sells at or above a minimum bid.
- Within a 5-mile radius, the annual expenses exceed $5 billion on food and alcohol and $2.5 billion on entertainment, with over 50,000 VPD.
Executive Summary
The Diamond Inn Motel, a historic property rich in legacy and limitless potential, is iconic Las Vegas Strip real estate. Situated on 1.36 acres of premium commercial lot with 237 feet of direct frontage on South Las Vegas Boulevard, this high-visibility site is just steps from the world-famous Welcome to Fabulous Las Vegas sign, seen by over 45 million annual visitors. Strategically positioned only 3 miles from Harry Reid International Airport and offering immediate access to Interstate 15, the property ensures seamless connectivity for both local and international travelers. It is also just a half-mile from Allegiant Stadium, home of the Las Vegas Raiders and host of the 2024 Super Bowl, making it a prime location for sports tourism development and entertainment ventures.
With its 48-room layout and nostalgic pink elephant statue, the property offers a unique blend of historic charm and redevelopment potential. The Diamond Inn Motel is zoned H-1 Commercial Resort, making it ideal for a luxury hotel, high-rise development, casino resort, or entertainment complex. Located in one of the fastest-growing metro areas in the United States—the Henderson-Paradise-Las Vegas region—the population is projected to nearly double by 2060, driving demand for hospitality, retail, and entertainment infrastructure. The area is also experiencing major corporate expansion from industry leaders such as Tesla, Amazon, Apple, Switch, and Haas Automation, further boosting its economic vitality.
Consumer spending in the immediate vicinity is staggering. Within a 5-mile radius, the annual expenses exceed $5 billion on food and alcohol and $2.5 billion on entertainment and hobbies. This spending is fueled by the area's high visitor count and traffic volume, with over 50,000 vehicles passing daily on South Las Vegas Boulevard.
The Diamond Inn Motel presents a rare development opportunity in the heart of Las Vegas’ booming hospitality and entertainment corridor. Suited for a visionary developer, a hospitality brand, or a commercial investor, this property offers unmatched potential to create a skyline-defining project in one of the world’s most dynamic real estate markets.
With its 48-room layout and nostalgic pink elephant statue, the property offers a unique blend of historic charm and redevelopment potential. The Diamond Inn Motel is zoned H-1 Commercial Resort, making it ideal for a luxury hotel, high-rise development, casino resort, or entertainment complex. Located in one of the fastest-growing metro areas in the United States—the Henderson-Paradise-Las Vegas region—the population is projected to nearly double by 2060, driving demand for hospitality, retail, and entertainment infrastructure. The area is also experiencing major corporate expansion from industry leaders such as Tesla, Amazon, Apple, Switch, and Haas Automation, further boosting its economic vitality.
Consumer spending in the immediate vicinity is staggering. Within a 5-mile radius, the annual expenses exceed $5 billion on food and alcohol and $2.5 billion on entertainment and hobbies. This spending is fueled by the area's high visitor count and traffic volume, with over 50,000 vehicles passing daily on South Las Vegas Boulevard.
The Diamond Inn Motel presents a rare development opportunity in the heart of Las Vegas’ booming hospitality and entertainment corridor. Suited for a visionary developer, a hospitality brand, or a commercial investor, this property offers unmatched potential to create a skyline-defining project in one of the world’s most dynamic real estate markets.
Offering Memorandum
Property Facts
| Sale Type | Investment | No. Rooms | 40 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1940 |
| Building Class | C | Parking Ratio | 1.71/1,000 SF |
| Lot Size | 1.36 AC | Corridor | Exterior |
| Building Size | 38,026 SF | Opportunity Zone |
Yes
|
| Zoning | H1 - Hotel/Casino Use | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.36 AC |
| Building Size | 38,026 SF |
| No. Rooms | 40 |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 1.71/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | H1 - Hotel/Casino Use |
Amenities
- Pool
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $80.00 | - |
| Guest Room | 37 | $75.00 | - |
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About Las Vegas Strip
Known for its gaming, entertainment, convention business, and emerging sports destination, Las Vegas is highly dependent on tourism. Visitor volume exceeds 40 million annually due to constant major events and the gaming industry.
The $2 billion Sphere opened in September 2023 and can host up to 18,000 people for music and sports events. The metro enlarged its sports footprint by adding the NHL franchise Vegas Golden Knights, the WNBA franchise Las Vegas Aces, and the NFL franchise Las Vegas Raiders. The Major League Baseball owners approved the Oakland A's move to Las Vegas in 2028. The owners purchased a site to build a $1.5 billion baseball stadium on the Las Vegas Strip.
Additional sports exposure has drawn new high-profile sporting events to the region, including the 2024 Super Bowl and a 10-year Las Vegas Formula 1 Grand Prix race along the Strip that had its inaugural race in November 2023.
Inducing more visitors through another form of transportation, a $10 billion high-speed rail from California to Las Vegas is in the works. The projected completion date is 2028, before the Summer Olympics hosted in Los Angeles. The Brightline West high-speed rail will travel 218 miles with service lines in San Bernardino and Los Angeles, with an estimated trip time of two hours, compared to a four-hour car ride.
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Pop's Pizza Las Vegas | Pizza | $ | 6 min walk |
| Starbucks | Cafe | $ | 7 min walk |
| Charlie Palmer Steak Las Vegas | American | - | 7 min walk |
| Libertine Social | American | $$$ | 9 min walk |
| Kumi Japanese Restaurant + Bar | Japanese | $$$$ | 9 min walk |
| Veranda | Italian | $$$$ | 9 min walk |
| Wolfgang Puck | American | $$$ | 9 min walk |
| Fleur | French | $$$$ | 9 min walk |
| Seabreeze Cafe | Cafe | $$$ | 9 min walk |
| Minus5 Ice Bar | American | $$$$ | 12 min walk |
Retail |
||
|---|---|---|
| FedEx Office | Business/Copy/Postal Services | 9 min walk |
| Pandora | Jewelry/Watches | 12 min walk |
| Flip Flop Shops | Shoes | 12 min walk |
| Lush | Health & Beauty Aids | 12 min walk |
| Flight | Fitness | 14 min walk |
Property Taxes
| Parcel Number | 162-28-402-001 | Improvements Assessment | $268,465 |
| Land Assessment | $1,411,200 | Total Assessment | $1,679,665 |
Property Taxes
Parcel Number
162-28-402-001
Land Assessment
$1,411,200
Improvements Assessment
$268,465
Total Assessment
$1,679,665
Sale Advisor
Sale Advisor
J.Craig King, Senior Auction Marketing Specialist, Broker
Craig is a fourth-generation auctioneer of J. P. King Auction Company, and served as President/CEO of J. P. King Auction Company, from 1985-2023. He has over 45 years of real estate and auction experience.
Craig has been a spokesman for the auction industry and has been featured on many news programs and has been interviewed by the nation’s leading newspapers and trade publications such as the Wall Street Journal and CNBC.
He was president of the Certified Auctioneers Institute and has served as treasurer of the National Auction Association as well as served on the board of the National Auction Foundation.
He is a past president of the Alabama Auctioneers Association and the Alabama chapter of the Realtors Land Institute. He has been inducted into the National Auction Association and the Alabama Auctioneers Association’s Hall of Fame. Craig has also served as a speaker for state and national auction associations and associations of Realtors meetings.
Craig and his wife Cindy have two adult children and reside in Rainbow City , Alabama. Craig is active in his church where he is a Deacon and has completed several mission trips to Africa to assist in the drilling of wells and establishing drip irrigation systems.
Craig is an avid outdoorsman where he has section hiked over 1,400 miles of the Appalachian Trail and enjoys walking with his beagle on his family farm.
Craig has been a spokesman for the auction industry and has been featured on many news programs and has been interviewed by the nation’s leading newspapers and trade publications such as the Wall Street Journal and CNBC.
He was president of the Certified Auctioneers Institute and has served as treasurer of the National Auction Association as well as served on the board of the National Auction Foundation.
He is a past president of the Alabama Auctioneers Association and the Alabama chapter of the Realtors Land Institute. He has been inducted into the National Auction Association and the Alabama Auctioneers Association’s Hall of Fame. Craig has also served as a speaker for state and national auction associations and associations of Realtors meetings.
Craig and his wife Cindy have two adult children and reside in Rainbow City , Alabama. Craig is active in his church where he is a Deacon and has completed several mission trips to Africa to assist in the drilling of wells and establishing drip irrigation systems.
Craig is an avid outdoorsman where he has section hiked over 1,400 miles of the Appalachian Trail and enjoys walking with his beagle on his family farm.
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Diamond Inn Motel | 4605 S Las Vegas Blvd
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