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DRAGON CITY HOTEL & CASINO SITE
3810 Spring Mountain Road, Las Vegas, NV 89102
Last Verified 10/20/2009
Listing ID 16186243
Highlights
ENTITLEMENTS IN PLACE FOR 28 STORY HOTEL & CASINO- RECENTLY APPRAISED AT $174,000,000
- 2,200 Hotel Rooms, 500,000 Sq.Ft. of Retail, Entertainment and Casino Area Approved!
- 2008 NET OPERATING INCOME WAS OVER: $1,460,000
- MAKE YOUR MARK ON LAS VEGAS GAMING!
Description
SUBJECT TO U.S. BANKRUPTCY COURT APPROVAL!
RECENTLY APPRAISED AT $174,000,000
VISIT: WWW.DRAGONCITYAUCTION.COM
Strategically located adjacent to Las Vegas' world renowned Chinatown and just a few blocks off the Strip , this project will be the first Asian-themed gaming site in the United States. This project is seven years in the making and
millions of dollars in assembling this site and having it approved with all the correct zoning and permits. The site has been approved for a 28-story hotel with 2,200 rooms and over 500,000 SF of Gaming, Retail, Convention, Entertainment Areas, Restaurants, etc & While the buyer of this site might not want to start construction immediately, the property is a great investment currently with its current Net Operating Income.
INCOME: The property currently has businesses located on it that generate an NOI of over $1,460,000.
This is a magnificent opportunity to make your mark in Las Vegas gaming!
The Dragon City Project sits on an approximately 22 acre site which will encompass the entire area between Valley View Blvd., Spring Mountain Rd., Wynn Rd. and Desert Inn Rd.
PLEASE WHEN EMAILING FOR MORE INFORMATION, PLEASE PROVIDE YOUR MAILING ADDRESS AND MORE INFORMATION WILL BE SENT TO YOU VIA US MAIL. THANK YOU.
In cooperation with Auction One Las Vegas, Greg Harelson Nevada RE Broker.
Map of 3810 Spring Mountain Road, Las Vegas, NV 89102 (Clark County)
Created 4/9/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.