Major price reduction for this property located at the SWC of Desert Inn Road and Procyon Street with traffic counts of 53,000/day. Just 1.2 miles west of the Fashion Show Mall, Treasure Island Hotel, Wynn Hotel and Palazzo Hotel. With recent sales comps of land within a 1/2 mile radius at $2,900,000/ac. Prime "In-Fill" parcel master planned (EM Entertainment Mixed Use) which includes Retail, high density Apartments, Hotel or a combination. The subject property is strategically located between "Area 15" with the "Universal Studios Experiences" project and 1 block South of "China Town" on Spring Mountain Rd. It sits on a 4.07 acre lot with 318 feet of frontage on Desert Inn Road and 505 feet of frontage on Procyon Street. The property is also part of the "Opportunity Zone", offering potential tax benefits and liberal zoning uses. Possible owner financing for qualified developers or investors.
Al Barbagallo
SVN | The Equity Group
