Alpine Motel in Downtown LV Sells for $805,000

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Las Vegas Dragon Hotel LLC bought the 3-story, 42-unit Alpine Motel, on 0.32 acres, at 209-213 N. 9th Street in Las Vegas for $805,000, or $19,167-per-unit, from Alpine Motel LLC in a lender-endorsed short sale. Cushman & Wakefield-Commerce’s Geoffrey West and Stephen Wilson represented the seller. The 41-year-old building was 80% occupied at the time of sale.