LAS VEGAS – Colliers Las Vegas announced its Chairman Mike Mixer, SIOR is exclusively representing a rare undeveloped H-1 zoning property for sale in the Resort Corridor of the Las Vegas Strip at the corner of Flamingo and Paradise Roads – a sale valued at $12.9 million.
The more than five-acre property is within the Southern Nevada Opportunity Zone and is approved by Clark County to have the possibility of 604 resort condos making it an ideal development for apartments, condominiums, hotel or timeshares. The neighborhood features parks, premier retail and dining along with easy access to public transportation, city views and premium amenities.
In addition, there are also multiple new development projects in the area including the Las Vegas Convention Center expansion, Resorts World, MSG Sphere and the newly opened Virgin Hotels.
“This property is truly a one-of-a-kind opportunity for a developer to take advantage of the rapid upswing currently happening in Southern Nevada. The Las Vegas resort corridor is alive with new development and strong employment growth, and very few quality development sites like this remain.”
For more information about the highly desirable undeveloped property located at 4000 Paradise Road visit, https://www.colliers.com/en/experts/mike-mixer.
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Colliers International (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.