309 N 9th Street, Las Vegas, NV 89101, Las Vegas, 89101 - 2 bed, 1 bath
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Las Vegas, NV 89101
This T-5 Zoned Redevelopment Asset is listed at $375,000, reflecting a strategic investment premium over its $277,194 Fair Market Value due to its high-density urban zoning. Located in the active Fremont East District, the property holds a Condition Rating of 6, signaling that the 1929 structure is a candidate for demolition to maximize the site's Value-Add potential. With eligibility for City of Las Vegas grants and a required assembly with the adjacent lot, this property is primed for a high-ROI mixed-use development. This is a premier acquisition for Institutional Developers or Urban Speculators.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 309 N 9th Street Subject | $375,000* List Price | 2 | 1 | 898 | $309 | - |
A 630 S 9th Street Sold | $440,000 | 3 | 1 | 1,139 | $386 | 0.7 mi |
B 121 N 20th Street Sold | $351,150 | 2 | 1 | 870 | $404 | 0.8 mi |
C 315 N 9th Street Active | $375,000 List Price | 2 | 1 | 764 | $491 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1929 with no evidence of recent renovations, the structure shows significant physical depreciation including peeling stucco, dilapidated roofing, and structural decay. The listing emphasizes the T-5 zoning and redevelopment potential in the Fremont East District, explicitly suggesting the property is a candidate for demolition to realize the land's highest and best use.
The T-5 zoning within the Fremont East District offers a wide range of high-density and mixed-use possibilities, making it a premier site for urban developers.
The property is eligible for various City of Las Vegas improvement and repair grants, providing significant financial incentives to offset redevelopment costs.
Being sold alongside the adjacent lot at 315 N. 9th St allows for a larger development footprint in a high-demand, active downtown corridor.
Constructed in 1929, the existing structure likely requires substantial capital investment for modernization or complete demolition to realize the land's highest and best use.
The requirement to purchase this property in conjunction with the neighboring lot increases the total acquisition cost, which may limit the pool of individual residential buyers.
Great opportunity in desirable downtown location. Two properties/lots available in active redevelopment area (Fremont East District). T-5 zoning with a wide range of uses. Grant and improvement/repair opportunities available through the City of Las Vegas. Zoning and other information available through LVNV.gov. Property to be sold with 315 N. 9th St. All inquiries with agent.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 898 | 1,248 | 5% |
| Lot Size | 6,970 | 6,098 | 78% |
| Price | $375.0K | $295.0K | 86% |
| Price per sq ft | $418 | $201 | 97% |
| Built year | 1929 | 1959 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 1123 | 2% |
Apr 14, 2026
$375,000
Initial Listing
Aug 31, 1995
$63,000
Public Record