Paul Macaluso - Commercial Real Estate Showcase

Paul Macaluso Property Listings
Simply Vegas
3042 S Durango Dr
Las Vegas, NV 89117


DetailMap
2019 Fremont Street - Roulette Motel

Las Vegas, NV 89101 - Central North Las Vegas Submarket


Property Type:Hospitality Number of Rooms:26 Status:Existing Year Built:1955
Stories:1 Building Size:9,471 SF Land Area:.63 AC (27,443 SF)
For Sale Price:$1,099,999 Price/Room:$42,308 Cap Rate:5.80 %

Parking:3.73 Parking Spaces / 1,000 SF



Sale Notes:
The Roulette Motel is a small boutique style 26 door motel located on Fremont st just seconds away from all the Downtown Las Vegas excitement and entertainment. The Roulette motel was renovated from top to bottom in 2014 and is located in the Fremont East district Downtown redevelopment zone. Since 2014 shortly after renovations where completed the Roulette motel has been operated successfully by an experienced local motel operator. The operators triple net lease offers investors peace of mind with steady consistent income without the day to day operational head aches of running a motel their selves.

With just over a half acre of land the Roulette motel has a flat rectangular parcel with 100 plus feet of frontage directly on Fremont St. The 2 single story structures are connected by exterior beautiful paver walk ways. The future redevelopment possibilities are endless with over a half acre of prime real estate on the world famous Fremont St.

Download the offering memorandum and view additional phots by visiting the dedicated property website link below. For inquires or to discuss submitting an offer please contact Paul Macaluso directly.

Downtown Las Vegas East Fremont District. Redevelopment Zone

Highlights
Fully Remodeld 2014
Turnkey Income
Operator in Place
Redevelopment Zone
Easy Access To Downtown Entertainment
Well Positioned Asset With Upside

Simply Vegas
Paul Macaluso
(702) 685-3000




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