Description

We are pleased to offer the exclusive opportunity to acquire a development site in the Las Vegas resort corridor. The subject property is located just off the northeast corner of Paradise Road and Twain Avenue with substantial frontage on both streets.

Property entitlement includes "Three on Paradise" mixed-use project, which consists of 3 seperate towers on a single parking structure podium of 6 levels with the seventh level being the amenities level. Tower one will consist of 407 rooms, Tower two will consist of 226 rooms, and Tower three will consist of 576 units.

The site consists of three parcels including Hotel Suites weekly/monthly with 360 units, Paradise Park Apartments with 168 units and Paradise Park apartments II with 120 units, all with short-term lease. This opportunity offers a combined total of 648 units providing a developer substantial income. Two of the parcels are zoned H-1 and the remaining parcel is zoned R-5, offering an investor a wide range of mixed-use development opportunities.

Land has 16.7 acre development opportunity. There are 648 units providing substantial income. It is conveniently located less than three miles from the McCarran International Airport and within minutes of the Las Vegas Convention Center and the Sands Expo and Convention Center and only one mile from the Strip. Zoned H-1 and R-5 for a multitude of mixed-use development opportunities.

Clark County' s future plans for Paradise Road call for a much wider thoroughfare that possibly could support all the southbound traffic of the current Las Vegas Blvd. There have also been many new proposed developments along Paradise Road, including future plans of the Wynn Resort and Golf Course for a Mega Resort Hotel and Condo-Hotel are on Paradise Road, at the end of the golf course, directly across from our 16.7 acre land assemblage.