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Lucky Cuss Motel 3305 Fremont St 15 Room Hotel Las Vegas, NV 89104 $2,490,390 CAD ($166,026 CAD/Room) 10% Cap Rate
Investment Highlights
- Prime location in one of the most dynamic and historically rich commercial real estate markets in the Western United States.
- Turnkey, cash-flowing asset with a strong 4-star Google rating, multiple years of operations, and access to a dense consumer base.
- Compelling 15-room boutique hospitality investment opportunity in the heart of Downtown Las Vegas near the Fremont Street Experience.
- Positioned in a highly desirable location with easy access to Interstate 11 only 15 minutes from Harry Reid International Airport.
Executive Summary
The Lucky Cuss Motel is a highly visible location with exposure to over 23,000 vehicles per day and access to a dense population of more than 1,466,000 residents, further enhanced by steady visitor traffic in one of the most visited destinations in the United States. The property also offers seamless regional connectivity with convenient access to Interstate 11. It is just 15 minutes from Harry Reid International Airport, making it highly accessible for both leisure and business travelers.
Las Vegas is fundamentally anchored in tourism, with gaming, entertainment, and convention activity forming the backbone of its economy. At the same time, the leisure and hospitality sector consistently accounts for nearly 30% employment, reinforcing the market's strength and stability. As tourism-oriented development continues to reshape the region, this centrally located hospitality offer provides investors with a rare opportunity to acquire a well-positioned, income-producing asset within a high-demand, growth-oriented market driven by year-round visitation and global appeal.
Property Facts
| Price | $2,490,390 CAD | Building Size | 5,591 SF |
| Price Per Room | $166,026 CAD | No. Rooms | 15 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 10% | Year Built/Renovated | 1955/2022 |
| Property Type | Hospitality | Parking Ratio | 3.58/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.69 AC | ||
| Zoning | H-2, County | ||
| Price | $2,490,390 CAD |
| Price Per Room | $166,026 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 5,591 SF |
| No. Rooms | 15 |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2022 |
| Parking Ratio | 3.58/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | H-2, County |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 15 | $214.45 CAD | - |
About Las Vegas North
Famed for its gaming industry, nightlife, and convention business, Las Vegas also offers many more demand generating attractions. With the most hotel rooms in the nation, tourism is its main economic driver. Annually, more than 51 million passengers arrive by plane through McCarran International Airport in typical times. The destination also benefits from drive-to traffic from California and Utah through Interstate 15.
Locations north of the strip feature casinos, gaming, and events with sites like Fremont Street. Downtown Las Vegas additionally appeals to visitors through numerous museums and attractions including: The Neon Museum, The Mob Museum, World Market Center, North Premium Outlets, and Downtown Container Park.
Northern Las Vegas also offers outdoor recreation opportunities such as hiking, biking, fishing, off-roading, golfing, and skiing through Lake Mead National Recreation Area, Mt. Charleston, and Nellis Dunes Off-Highway Vehicle Area. Drawing visitors, Las Vegas Motor Speedway hosts two NASCAR Cup Series Race events and numerous NHRA drag racing events annually.
Other economic sectors in Northern Las Vegas include mining, agriculture, manufacturing, and military. Located at the northeastern edge of North Las Vegas, Nellis Air Force Base is known as “Home of the Fighter Pilot” and is home to the U.S. Air Force Warfare Center.
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Dotty's | - | - | 6 min walk |
| Paco's Tacos & Grill | Mexican | - | 8 min walk |
| Four Mile Bar | - | - | 14 min walk |
| Winchell's Donut House | - | - | 15 min walk |
| Subway | - | - | 15 min walk |
| Jack In The Box | - | - | 16 min walk |
Retail |
||
|---|---|---|
| Circle K, Inc. | Convenience Market | 5 min walk |
| Walgreens | Drug Store | 7 min walk |
| Budget | Other Retail | 10 min walk |
| United States Postal Service | Business/Copy/Postal Services | 15 min walk |
| Family Dollar | Dollar/Variety/Thrift | 16 min walk |
Property Taxes
| Parcel Number | 162-01-802-002 | Improvements Assessment | $97,704 CAD |
| Land Assessment | $151,169 CAD | Total Assessment | $248,873 CAD |
Property Taxes
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Lucky Cuss Motel
Lucky Cuss Motel | 3305 Fremont St
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