Paul Bell - Commercial Real Estate Showcase

Paul Bell Property Listings
BHHS Nevada Properties
7475 W Sahara Ave
Suite 100
Las Vegas, NV 89117
(702) 362-1111
(702) 365-6931

1809 S Las Vegas Boulevard - Rummel Motel

Las Vegas, NV 89104 - Central East Las Vegas Submarket

Property Type:Hospitality Number of Rooms:22 Status:Existing Year Built:1951
Stories:1 Building Size:7,809 SF Land Area:.65 AC (28,314 SF)
For Sale Price:$2,200,000 Price/Room:$100,000 Cap Rate:11.82 %

Parking:3.2 Parking Spaces / 1,000 SF

Sale Notes:
Potential for 10% cap rate. 19 units leased on a daily, weekly, and monthly basis. Rates range from $50 to $75 on weekday nights and $100 to $125 on Friday and Saturday nights. Ownership less active in renting units. Great investment opportunity. Property's Quiet Title Process completed in July 2016. Seller can consider improvements at list price.
South Fifth Street Tract area developed during the 1950s. Redevelopment plans in planning stages. Strategically located north of Sahara and south of downtown Las Vegas. Average 26,000 daily vehicle traffic count.

BHHS Nevada Properties
Paul Bell
(702) 362-1111

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