This property is Off-Market

4311 and 5390 Boulder Highway
Las Vegas, NV 89121 ·

348 Rooms · Hotel & Motel For Sale

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TOWN & COUNTRY MANOR I and III

Price N/A Property Sub-type Economy/Limited Service
No. Rooms 348 Property Use Type Investment
Building Size 167,033 SF Commission Split 2%
Property Type Hotel & Motel Cap Rate 7.84%
Listing ID: 16088521 Date Created: 02/04/2009 Last Updated: 02/18/2010

Description

This portfolio of two extended-stays have stucco siding with pitched Spanish tile roofs and exterior corridors. The rooms have air conditioning, electric stoves, refrigerators, microwave ovens, internet access, and televisions with full cable. The two bedroom units have full sized washer and dryer and dishwasher. Both properties have a penthouse of 1,144 s.f. and 1,215 s.f. Exterior amenities include a heated pool, spa, fitness center and laundry facilities. Seller will consider selling the two properties on an individual basis.

One of the most outstanding features of the properties is their close proximity to several major casinos, various shopping centers and various entertainment venues. The area of the properties is know as "The Boulder Strip" due to the concentration of major casinos. The two properties have major frontage on Boulder Highway which is a major highway with a traffic count of 36,500 cars per day. The properties are within two miles of the 515 freeway, six miles from the Las Vegas Strip, and ten minutes from Downtown Las Vegas. Town & Country I is located between Twain Avenue and Desert Inn Road. Town & Country III is 2.70 miles south of Town & Country I, between Tropicana Avenue and Harmon Avenue. Town & Country III is also next to a major shopping center with high end tenants. The new multi-million dollar Hotel Casino "The Cannery" lies directly across from Town & Country III as well.

Research

4311 and 5390 Boulder Highway, Las Vegas, NV 89121 (Clark County)

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