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Historic Frank Wait House 901 E Ogden Ave 2,782 SF 100% Leased Retail Building Las Vegas, NV 89101 $1,200,000 ($431.34/SF)



Investment Highlights
- Historic Landmark
- Financial Incentives & Tax Breaks Available
- One of a Kind!
- Located In Downtown Las Vegas
Executive Summary
Dimopoulos Real Estate Group is pleased to offer for sale the Historic Frank Wait House. It is located at the northeast corner of S. 9th St. and Ogden Ave, placing it just steps away from the bustling bars, restaurants, and entertainment venues. Downtown Las Vegas (DTLV) is the city’s authentic and walkable urban core blending rich history with cultural flair. As the heart of Las Vegas, the area features the vibrant 18b Arts District, famous for its monthly "First Friday" festivals, massive street murals and is home to iconic, unique attractions like The Mob Museum, Neon Museum, Downtown Container Park and Fremont Street Experience all is fueled by aggressive city initiatives and massive investments.
Step back in time at this one-of-a-kind historic landmark built by Frank Wait, Las Vegas's very first marshal and former police chief. Arriving in the city in 1914, Wait began the handcrafted construction on this spectacular stone cottage in 1932, using beautiful local mineral rock and petrified wood. While the building showcases a rugged rubble-masonry exterior, look closely to see the exceptional artistry and care devoted to the intricate stone patterns framing the doors and windows. The property is also packed with fascinating regional treasures. Near the front entryway, you will find a massive petroglyph boulder discovered by Robert E. Lake in 1920. Eccentric, historic, and deeply rooted in Nevada heritage, this architectural gem is a truly unique masterpiece you won't find anywhere else!
Nestled behind private gates property spans 0.33 acres on two distinct parcels. The main cottage features 2,120 total square feet, including 1,486 square feet on the main floor, 349 square feet upstairs, and a 285-square-foot basement. Steps away, a detached 662-square-foot guest house. The estate includes a second parcel that can serve as additional parking or can be used for further development.
The Frank Wait House was designated a Historical Landmark by the City of Las Vegas on June 1, 1994. Historical Landmarks must exemplify or reflect special elements of the City’s Cultural, social, economic political, esthetic, engineering or architectural past and are identifiable with persons or events significant in local history. With the designation it offers property owners financial incentives such as tax breaks for restoration and grant access.
Step back in time at this one-of-a-kind historic landmark built by Frank Wait, Las Vegas's very first marshal and former police chief. Arriving in the city in 1914, Wait began the handcrafted construction on this spectacular stone cottage in 1932, using beautiful local mineral rock and petrified wood. While the building showcases a rugged rubble-masonry exterior, look closely to see the exceptional artistry and care devoted to the intricate stone patterns framing the doors and windows. The property is also packed with fascinating regional treasures. Near the front entryway, you will find a massive petroglyph boulder discovered by Robert E. Lake in 1920. Eccentric, historic, and deeply rooted in Nevada heritage, this architectural gem is a truly unique masterpiece you won't find anywhere else!
Nestled behind private gates property spans 0.33 acres on two distinct parcels. The main cottage features 2,120 total square feet, including 1,486 square feet on the main floor, 349 square feet upstairs, and a 285-square-foot basement. Steps away, a detached 662-square-foot guest house. The estate includes a second parcel that can serve as additional parking or can be used for further development.
The Frank Wait House was designated a Historical Landmark by the City of Las Vegas on June 1, 1994. Historical Landmarks must exemplify or reflect special elements of the City’s Cultural, social, economic political, esthetic, engineering or architectural past and are identifiable with persons or events significant in local history. With the designation it offers property owners financial incentives such as tax breaks for restoration and grant access.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,782 SF
Year Built
1942
Price
$1,200,000
Price Per SF
$431.34
Percent Leased
100%
Building Height
3 Stories
Building FAR
0.19
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
C2 - Zoned C-2 (General Commercial) with a T5-MS (Main Street Mixed-Use) This classification allows for a wide variety of commercial uses.
Amenities
- Corner Lot
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 139-34-612-062 | Improvements Assessment | $47,962 |
| Land Assessment | $103,670 | Total Assessment | $151,632 |
Property Taxes
Parcel Number
139-34-612-062
Land Assessment
$103,670
Improvements Assessment
$47,962
Total Assessment
$151,632
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Historic Frank Wait House | 901 E Ogden Ave
