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818 S Main St 7,909 SF Specialty Building Offered at $3,550,000 at a 3.43% Cap Rate in Las Vegas, NV 89101



INVESTMENT HIGHLIGHTS
- Immediate Access to I-15 & US-95
- More Than 12,000 Employees, 6,000 Hotel Rooms, and 1,300 High-rise United in Immediate Proximity
- Property located within 300 yards of the newly built City of Las Vegas “Civic Plaza” which is two (2) Class A mixed use buildings 248,305 SF.
- Street Parking along Main St. & Commerce St. with ingress/egress from Main St. and Commerce St.
- Full renovated building with Full Kitchen, large banquet events space, three (3) restrooms, private offices
- 818 South Main is placed in the heart of Las Vegas’ celebrated Downtown, a hub of dining and an ever-growing array of arts and culture.
EXECUTIVE SUMMARY
818 S. Main St. is a fully renovated banquet / events space with full kitchen, three (3) bathrooms, office space with onsite parking accessed from both Main Street and Commerce Street. The property sits between the Arts District and Downtown Las Vegas, offering nearby Interstate-15 access via Charleston BIvd, just about 1 mile west. This prime location places the property within walking or riding distance to the Arts District, Downtown, and the Strip while still providing excellent valley-wide access for local residents. Positioned in the heart of DTLV, 818 S. Main St. lies at the gateway to the Arts District, one of the most sought-after real estate markets in the Valley. When new restaurants or businesses look to open, the Arts District remains at the top of their list. Its reputation as the most inclusive neighborhood in Las Vegas, where people from all backgrounds come together, sets it apart. The restaurants, bars, and businesses in this vibrant district have weathered the challenges of 2020 stronger than many others across Southern Nevada. The City of Las Vegas is fully committed to the redevelopment of Downtown, and this dedication is evident in its largest infrastructure project ever—a $130 million renovation of Las Vegas Bivd, extending from Sahara Avenue into Downtown. This ongoing transformation will extend The Strip, calm traffic, and enhance the pedestrian experience with wider sidewalks, ideal for outdoor dining, the addition of shade trees, and a cohesive lighting design that will invigorate the area.
- Immediate Access to I-15 & US-95
- Street Parking along Main St. & Commerce St. with ingress/egress from Main St. and Commerce St.
-More Than 12,000 Employees, 6,000 Hotel Rooms, and 1,300 High-rise United in Immediate Proximity
- On site parking of 10 spaces
- Full renovated building with Full Kitchen, large banquet events space, three (3) restrooms, private offices
- Property located within 300 yards of the newly built City of Las Vegas “Civic Plaza” which is two (2) Class A mixed use buildings spanning a combined 248,305 square feet. Civic Plaza is a beautiful, large open pavilion for gatherings and events and will have hundreds of City employees in office space.
- 818 South Main is placed in the heart of Las Vegas’ celebrated Downtown, a hub of world-class dining options and an ever-growing array of arts, culture, and entertainment.
- Immediate Access to I-15 & US-95
- Street Parking along Main St. & Commerce St. with ingress/egress from Main St. and Commerce St.
-More Than 12,000 Employees, 6,000 Hotel Rooms, and 1,300 High-rise United in Immediate Proximity
- On site parking of 10 spaces
- Full renovated building with Full Kitchen, large banquet events space, three (3) restrooms, private offices
- Property located within 300 yards of the newly built City of Las Vegas “Civic Plaza” which is two (2) Class A mixed use buildings spanning a combined 248,305 square feet. Civic Plaza is a beautiful, large open pavilion for gatherings and events and will have hundreds of City employees in office space.
- 818 South Main is placed in the heart of Las Vegas’ celebrated Downtown, a hub of world-class dining options and an ever-growing array of arts, culture, and entertainment.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,550,000 | Lot Size | 0.37 AC |
| Price Per SF | $448.86 | Building Size | 7,909 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 3.43% | Year Built/Renovated | 1958/2016 |
| Property Type | Specialty | Parking Ratio | 2.4/1,000 SF |
| Property Subtype | Lodge/Meeting Hall | ||
| Zoning | C-M - Zoning provides for a broad range of uses. | ||
| Price | $3,550,000 |
| Price Per SF | $448.86 |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.43% |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Lot Size | 0.37 AC |
| Building Size | 7,909 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1958/2016 |
| Parking Ratio | 2.4/1,000 SF |
| Zoning | C-M - Zoning provides for a broad range of uses. |
AMENITIES
- Signage
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 139-34-310-007 | Improvements Assessment | $62,907 (2025) |
| Land Assessment | $225,638 (2025) | Total Assessment | $288,545 (2025) |
PROPERTY TAXES
Parcel Number
139-34-310-007
Land Assessment
$225,638 (2025)
Improvements Assessment
$62,907 (2025)
Total Assessment
$288,545 (2025)
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