315 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, carrying a strategic premium over the $251,775 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 1931 structure is best suited for demolition to maximize land utility. Featuring eligibility for City of Las Vegas grants and proximity to downtown entertainment hubs, the site offers significant upside for vertical expansion. 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 |
|---|---|---|---|---|---|---|
★ 315 N 9th Street Subject | $375,000* List Price | 2 | 1 | 764 | $330 | - |
A 121 N 20th Street Sold | $351,150 | 2 | 1 | 870 | $404 | 0.8 mi |
B 309 N 9th Street Active | $375,000 List Price | 2 | 1 | 898 | $418 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1931, this 764 sqft property is marketed primarily for its T-5 zoning and redevelopment potential in the Fremont East District. The listing emphasizes land value, the need for city grants to fund repairs, and its location in an active redevelopment area, suggesting the existing structure is at the end of its functional life and the highest and best use is demolition for new construction.
The T-5 zoning designation in the Fremont East District allows for a wide range of high-density and mixed-use developments, offering significant upside for investors.
The property is eligible for City of Las Vegas grant programs specifically designed to fund repairs and improvements, reducing the effective cost of renovation.
Situated in an active redevelopment area near downtown Las Vegas, the property benefits from high visibility and proximity to the city's growing entertainment and business hubs.
The requirement to purchase this property alongside 309 N. 9th Street doubles the necessary capital investment to $750,000, which may exclude smaller-scale buyers.
Built in 1931 with only 764 square feet of living space, the existing structure likely requires substantial modernization or demolition to meet current market standards.
Great opportunity in desirable area. Two properties/lots available in active redevelopment area (Fremont East District). T-5 zoning with a wide range of uses. Grant programs available through the City of Las Vegas to improve/repair properties. Zoning and other information available through LVNV.gov. Property to be sold with 309 N.9th St. (also $375,000.00). 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 | 764 | 1,248 | 2% |
| Lot Size | 6,970 | 6,098 | 78% |
| Price | $375.0K | $295.0K | 86% |
| Price per sq ft | $491 | $201 | 97% |
| Built year | 1931 | 1959 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 1123 | 2% |
Apr 14, 2026
$375,000
Initial Listing