Your email has been sent.
Diamond Inn Motel 4605 S Las Vegas Blvd 40 Room Hotel Las Vegas, NV 89119 For Sale
INVESTMENT HIGHLIGHTS
- Located near Elon Musk’s Vegas Loop and the Welcome to Las Vegas sign, positioning it at the intersection of luxury, innovation, and foot traffic.
- Direct access to the Las Vegas Monorail and Interstate 15 for easy accessibility and seamless transportation across The Strip.
- Rarely does an asset with this visibility, location, and history come to market; the auction opportunity sells at or above a minimum bid.
- Within a 5-mile radius, the annual expenses exceed $5 billion on food and alcohol and $2.5 billion on entertainment, with over 50,000 VPD.
EXECUTIVE SUMMARY
With its 48-room layout and nostalgic pink elephant statue, the property offers a unique blend of historic charm and redevelopment potential. The Diamond Inn Motel is zoned H-1 Commercial Resort, making it ideal for a luxury hotel, high-rise development, casino resort, or entertainment complex. Located in one of the fastest-growing metro areas in the United States—the Henderson-Paradise-Las Vegas region—the population is projected to nearly double by 2060, driving demand for hospitality, retail, and entertainment infrastructure. The area is also experiencing major corporate expansion from industry leaders such as Tesla, Amazon, Apple, Switch, and Haas Automation, further boosting its economic vitality.
Consumer spending in the immediate vicinity is staggering. Within a 5-mile radius, the annual expenses exceed $5 billion on food and alcohol and $2.5 billion on entertainment and hobbies. This spending is fueled by the area's high visitor count and traffic volume, with over 50,000 vehicles passing daily on South Las Vegas Boulevard.
The Diamond Inn Motel presents a rare development opportunity in the heart of Las Vegas’ booming hospitality and entertainment corridor. Suited for a visionary developer, a hospitality brand, or a commercial investor, this property offers unmatched potential to create a skyline-defining project in one of the world’s most dynamic real estate markets.
OFFERING MEMORANDUM
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 40 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1940 |
| Building Class | C | Parking Ratio | 1.71/1,000 SF |
| Lot Size | 1.36 AC | Corridor | Exterior |
| Building Size | 38,026 SF | Opportunity Zone |
Yes
|
| Zoning | H1 - Hotel/Casino Use | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.36 AC |
| Building Size | 38,026 SF |
| No. Rooms | 40 |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 1.71/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | H1 - Hotel/Casino Use |
AMENITIES
- Pool
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 3 | $111.62 CAD | - |
| Guest Room | 37 | $104.64 CAD | - |
ABOUT LAS VEGAS STRIP
Known for its gaming, entertainment, convention business, and emerging sports destination, Las Vegas is highly dependent on tourism. Visitor volume exceeds 40 million annually due to constant major events and the gaming industry.
The $2 billion Sphere opened in September 2023 and can host up to 18,000 people for music and sports events. The metro enlarged its sports footprint by adding the NHL franchise Vegas Golden Knights, the WNBA franchise Las Vegas Aces, and the NFL franchise Las Vegas Raiders. The Major League Baseball owners approved the Oakland A's move to Las Vegas in 2028. The owners purchased a site to build a $1.5 billion baseball stadium on the Las Vegas Strip.
Additional sports exposure has drawn new high-profile sporting events to the region, including the 2024 Super Bowl and a 10-year Las Vegas Formula 1 Grand Prix race along the Strip that had its inaugural race in November 2023.
Inducing more visitors through another form of transportation, a $10 billion high-speed rail from California to Las Vegas is in the works. The projected completion date is 2028, before the Summer Olympics hosted in Los Angeles. The Brightline West high-speed rail will travel 218 miles with service lines in San Bernardino and Los Angeles, with an estimated trip time of two hours, compared to a four-hour car ride.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Pop's Pizza Las Vegas | Pizza | $ | 6 min walk |
| Starbucks | Cafe | $ | 7 min walk |
| Charlie Palmer Steak Las Vegas | American | - | 7 min walk |
| Libertine Social | American | $$$ | 9 min walk |
| Kumi Japanese Restaurant + Bar | Japanese | $$$$ | 9 min walk |
| Veranda | Italian | $$$$ | 9 min walk |
| Wolfgang Puck | American | $$$ | 9 min walk |
| Fleur | French | $$$$ | 9 min walk |
| Seabreeze Cafe | Cafe | $$$ | 9 min walk |
| Minus5 Ice Bar | American | $$$$ | 12 min walk |
RETAIL |
||
|---|---|---|
| FedEx Office | Business/Copy/Postal Services | 9 min walk |
| Pandora | Jewelry/Watches | 12 min walk |
| Flip Flop Shops | Shoes | 12 min walk |
| Lush | Health & Beauty Aids | 12 min walk |
| Flight | Fitness | 14 min walk |
PROPERTY TAXES
| Parcel Number | 162-28-402-001 | Improvements Assessment | $372,914 CAD |
| Land Assessment | $1,981,819 CAD | Total Assessment | $2,354,733 CAD |
PROPERTY TAXES
SALE ADVISOR
SALE ADVISOR
J.P King
Under his leadership and expertise, the company has grown from a strong regional firm to a powerful, nationwide marketing company on the leading edge of the auction industry.
Today, J. P. King Auction Company maintains its position as a leader in the industry by combining its unparalleled experience with a high level of integrity and professionalism. Buyers and sellers alike expect and receive a high level of service from the company. In order to serve clients better, J. P. King Auction Company continually works to improve all aspects of the auction process.
Presented by
Diamond Inn Motel | 4605 S Las Vegas Blvd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.