Highlights

• Fronting Famous Las Vegas Blvd. South
• Built for Hotel/Motel/Time Share/Apartments/Condos
• High Traffic Counts and Visability

• Strong Curb Appeal
• Well Maintained
• Value Added Investment

Description

Major Price Reduction on this value added investment called the Emerald Suites on Las Vegas Blvd. South. These multifamily units were built in 2001 as an extended stay motel. The property has 10 three story structures containing a total of 386 units of which 292 are 1 bedrooms and 94 are 2 bedrooms. There is also a separate building containing a lobby area and 2nd story offices utilized for management. There are also 2 laundry rooms strategically located with an exercise room and one meeting room. These units are set up for an extended stay motel but with this versatile zoning and construction it can also be utilized for an Apartment Complex , Time Share or For Sale Condos . All units are fully furnished with varying degrees of quality, some units have upgraded furnishings in them with flat screen TV' s. The existing numbers are based on actual performance with 50% occupancy. Call Al Barbagallo for detailed package.

Excellent location is the key to this property' s success in the future. Located on one of the most famous streets in the world, Las Vegas Boulevard South . This property is 1 mile north of the I-15 freeway ramps at Silverado Ranch Blvd. ¾ miles to the north is South Point Hotel/Casino which has 2,163 rooms, 16 screen movie theater and a 64 lane bowling alley. 3 miles to the north on Las Vegas Blvd is the new 1.5 million square foot Town Square . This mega-mall generates over $1,000 per square foot in revenue and includes a large grocery store called Whole Foods , Rave Motion Picture movie theater and other national brand stores are Abercrombie, Ann Taylor, Bebe, Fry' s, Guess, Pac Sun & Tommy Bahama' s. There are several national restaurants in the immediate area including Outback, Chili' s, Ca. Pizza Kitchen, Claim Jumper and several fast food franchises.