Ogden Maryland Mixed Use Development - 131 Units in Opportunity Zone

Highlights

• +- 170,000 sf mixed use development in the Fremont East Neighborhood, DTLV
• 1/3 of a downtown city block entitled for 131 units over podium parking and +/- 6,000 sf of commercial
• Existing improvements include 25 unit apartments, commercial building, house and duplex generating +/- $200,000 NOI
• Walking distance to Fremont East Entertainment District, Fremont Street Experience, Downtown Las Vegas Hotels & Casinos
• OPPORTUNITY ZONE IDEAL FOR INVESTMENT, NEAR-TERM REDEVELOPMENT OR COVERED LAND PLAY

Description

Fortis Commercial Advisors is pleased to present the opportunity to acquire an entitled site approved for 131 units over parking and commercial in the highly desirable and rapidly improving Fremont East Neighborhood, Downtown Las Vegas. An ideal covered land play allows a developer to take advantage of the existing apartments and lots generating approximately $200,000 in NOI.

*Broker is a principal of Owner

1/3 of a downtown city block located on the NW Corner of Maryland Pkwy and Ogden Ave in the rapidly changing and desirable Fremont East neighborhood. Close to employment centers, entertainment, public transit. Entire block is being redeveloped with construction already started on 2 adjacent projects.