LAS VEGAS – Mike Mixer, executive managing director of Colliers International – Las Vegas, announced the listing of a 2.33-acre city block in the downtown Las Vegas area. The property, which is located just south of the Fremont East Entertainment District, is one of the last remaining downtown properties on the market.
The area has been a hot topic of discussion in Las Vegas for some time, as a result of the Downtown Project’s revitalization efforts by several well-known developers.
“Our team at Colliers International is constantly working to offer investors and developers some of the most intriguing commercial real estate properties in the Las Vegas area,” Mixer said. “We’re excited to list such a unique development in a very exciting part of town.”
Co-listed by Mixer and Josh Smith of Colliers International’s Gaming Division, the property is located across the street from the popular Container Park and is only a short walk from a variety of other amenities.
“The gaming and hospitality industry is seeing significant growth in downtown Las Vegas, and it’s rare to come across a property with so much potential in this area,” Smith said. “The future of this block is going to be a very important next step in the growth of our downtown.”
The city block is comprised of roughly 12 parcels and is bound by Sixth Street and Seventh Street to the west and east, and Carson Avenue and Bridger Avenue to the north and south. The property excludes one individual parcel and is bisected by a public right-of-way easement.
The property’s existing improvements include office, residential, a former hotel and hostel, and vacant land, all of which can be razed or reconfigured.
The property’s location is in close proximity to downtown’s growing business district, as well as several dining and entertainment options. It possesses multiple zoning permits, including multifamily and general commercial, making it viable for a variety of uses.
About Colliers International
Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.