Crown Motel - For Sale or Master Lease - OWC!!

Description:

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



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



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.

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