2855 FREMONT ST, LAS VEGAS, NV 89104-2213

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.

FOR MORE INFORMATION

Scott Hurlburt

Director of Commercial Sales & Leasing

Simply Vegas Commercial

702-682-0072

[email protected]

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