1508 S Las Vegas Blvd - Hospitality FOR SALE


Las Vegas, NV 89104- Arts District
$9,000,000 USD
310-488-1789
1508 S Las Vegas Blvd, Las Vegas, NV for Sale
$9,000,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

1508 S Las Vegas Blvd
Las Vegas, NV 89104
Arts District


OVERVIEW

Centennial Advisers is pleased to present the Tod Motor Inn, a 41-room hotel opportunity offered at $9,000,000, or an attractive $219,512 per room. This asset is strategically located on Las Vegas Boulevard, placing it directly in the path of The Arts District’s rapid cultural and economic transformation, offering investors a prime position in a dynamic redevelopment corridor. The property presents significant revenue potential, with pro forma analysis indicating a potential gross annual income of $854,400 by achieving market rates of $400 per week. Investors have the flexibility to acquire the property turnkey for immediate cash flow or as-is, allowing for a custom value-add repositioning to capture the area's increasingly upscale demographic. The investment is underpinned by $150 million in recent public infrastructure spending, including the $120M Las Vegas Boulevard Improvement Project. This modernization effort has delivered smart city infrastructure, enhanced pedestrian access, and beautification, directly supporting long-term asset appreciation and increased commercial viability for the entire district. The Tod Motor Inn represents a rare opportunity to acquire a hospitality asset poised to benefit from an emerging entertainment ecosystem, including new venues like Atomic Golf. This property offers investors exposure to Las Vegas's most authentic district with significant upside through renovation and strategic management, capitalizing on unprecedented local investment.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$725 USD /SF

# OF ROOMS

41

PRICE/ROOM

$219,512 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TOD Hotel on the LV Strip

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

C-2

APN/PARCEL ID

162-03-210-063

ASK ABOUT THIS PROPERTY

Tom WatkinsCentennial AdvisersMore Info
310-488-1789

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Tom WatkinsCentennial AdvisersMore Info
310-488-1789

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.