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121 N 8th St
Las Vegas, NV 89101
The Downtowner Boutique Hotel · Hospitality Property For Sale
·
125 Rooms
INVESTMENT HIGHLIGHTS
- PRIME DOWNTOWN LAS VEGAS LOCATION: The Hotel is in the heart of Downtown Las Vegas, just a short walk to the entrance of Fremont Street Experience.
- OPPORTUNITY ZONE: The hotel is located within a designated Opportunity Zone in Las Vegas offering exceptional tax advantages.
- VALUE-ADD OPPORTUNITY: Qualified Buyers have the opportunity to purchase six (6) additional parcels in conjunction with The Downtowner.
- FAVORABLE MARKET CONDITIONS: The city has consistently seen strong tourism numbers.
EXECUTIVE SUMMARY
Link to access the OM: https://logiccre.com/1031_properties/the-downtowner-annex-parcels/
The Downtowner Boutique Hotel
The Downtowner Boutique Hotel, featuring 125 limited-service hotel rooms on ±0.82 AC, is located in an Opportunity Zone in the heart of downtown Las Vegas. The Property is situated on the southwest corner of E. Ogden Avenue and N. 8th Street with ample frontage across both streets. The Downtowner Boutique Hotel consists of 2 buildings, the Main Building and the Wylde, and an interior event area along with a ±0.15 AC rectangular parking lot which can accommodate up to 19 parking spots. The Main Building is located at 129 N. 8th Street followed by the Wylde which is adjacent to the main building and is located at 121 N. 8th Street, and lastly a ±0.15 parking lot to the west of the Main Building located at 100 N 7th. Street. In addition, the hotel features include Wi-Fi in all rooms, express check-in/check-out, a fitness center and a 6-hole mini golf course in the courtyard. There were also significant capital expenditures by ownership to upgrade the Fairway rooms located in the Main Building in 2018/2019 and the Wylde rooms in 2024.
The Annex Parcels
This additional offering to The Downtowner Boutique Hotel is comprised of (i) a closed, 41-room, 2-story Annex Building situated on ±0.16 acres located at 110 N. 8th St. and the parking lot situated on ±0.48 acres located at 108 N. 8th St., formerly operating as part of The Downtowner, (ii) a closed, 11-unit, 2-story apartment building with a pool situated on ±0.16 acres located at 120 N. 8th St. and the parking lot situated on ±0.16 acres located at 124 N. 8th St., and (iii) an undeveloped corner lot situated on ±0.16 acres located at the northeast corner of N. 8th St. and Fremont St. with an address of 800 Fremont St. All Properties are situated within an Opportunity Zone on ±1.12 acres with frontage on N. 8th St. between E. Ogden Ave (±3,350 CPD) and Fremont St. (±13,100 CPD).
Total Rooms: 166
Operating Hotel Rooms: 125
Non-Operating Hotel Rooms: 41*
Non-Operating Apartments: 11*
*Requires Significant Repairs
Link to access the OM: https://logiccre.com/1031_properties/the-downtowner-annex-parcels/
The Downtowner Boutique Hotel
The Downtowner Boutique Hotel, featuring 125 limited-service hotel rooms on ±0.82 AC, is located in an Opportunity Zone in the heart of downtown Las Vegas. The Property is situated on the southwest corner of E. Ogden Avenue and N. 8th Street with ample frontage across both streets. The Downtowner Boutique Hotel consists of 2 buildings, the Main Building and the Wylde, and an interior event area along with a ±0.15 AC rectangular parking lot which can accommodate up to 19 parking spots. The Main Building is located at 129 N. 8th Street followed by the Wylde which is adjacent to the main building and is located at 121 N. 8th Street, and lastly a ±0.15 parking lot to the west of the Main Building located at 100 N 7th. Street. In addition, the hotel features include Wi-Fi in all rooms, express check-in/check-out, a fitness center and a 6-hole mini golf course in the courtyard. There were also significant capital expenditures by ownership to upgrade the Fairway rooms located in the Main Building in 2018/2019 and the Wylde rooms in 2024.
The Annex Parcels
This additional offering to The Downtowner Boutique Hotel is comprised of (i) a closed, 41-room, 2-story Annex Building situated on ±0.16 acres located at 110 N. 8th St. and the parking lot situated on ±0.48 acres located at 108 N. 8th St., formerly operating as part of The Downtowner, (ii) a closed, 11-unit, 2-story apartment building with a pool situated on ±0.16 acres located at 120 N. 8th St. and the parking lot situated on ±0.16 acres located at 124 N. 8th St., and (iii) an undeveloped corner lot situated on ±0.16 acres located at the northeast corner of N. 8th St. and Fremont St. with an address of 800 Fremont St. All Properties are situated within an Opportunity Zone on ±1.12 acres with frontage on N. 8th St. between E. Ogden Ave (±3,350 CPD) and Fremont St. (±13,100 CPD).
Total Rooms: 166
Operating Hotel Rooms: 125
Non-Operating Hotel Rooms: 41*
Non-Operating Apartments: 11*
*Requires Significant Repairs
Link to access the OM: https://logiccre.com/1031_properties/the-downtowner-annex-parcels/
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 125 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1965/2024 |
| Lot Size | 0.82 AC | Opportunity Zone |
Yes
|
| Building Size | 50,731 SF | ||
| Zoning | T5-MS (T5 Main Street) | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Lot Size | 0.82 AC |
| Building Size | 50,731 SF |
| No. Rooms | 125 |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2024 |
| Opportunity Zone |
Yes |
| Zoning | T5-MS (T5 Main Street) |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 125 | - | - |
PROPERTY TAXES
| Parcel Number | 139-34-612-018 | Improvements Assessment | $181,526 CAD |
| Land Assessment | $211,914 CAD | Total Assessment | $393,441 CAD |
PROPERTY TAXES
Parcel Number
139-34-612-018
Land Assessment
$211,914 CAD
Improvements Assessment
$181,526 CAD
Total Assessment
$393,441 CAD
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