Hotel & Motel Property For Sale - Business Hotel Opportunity

820 Sierra Vista Dr., Las Vegas, NV, 89169

 

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Business Hotel Opportunity

820 Sierra Vista Dr., Las Vegas, NV 89169

Business Hotel Opportunity
  • $17,500,000
  • Hotel & Motel
  • Full Service
  • Vacant/Owner-User
  • Under Construction
  • 1%
  • 1.80 AC
  • 162-15-501-013, 014, 015, 019
  • Find Out More...
Last Verified  10/26/2009 Listing ID  16187379

Description

Subject property is fully surrounded and contiguous with the Las Vegas Convention Center. This is an ideal location for a Business Hotel that offers the convenience of direct access from the Hotel lobby to the entrance of the Convention Center. The design is complete for an all suites Hotel containing 288 units within a full service building. Additional architectural designs indicate that as many as 610 hotel rooms may be constructed should higher unit counts be required.
Property is zoned H 1 with an MUD 1 overlay which provides maximum flexibility for alternative designs if proposed by the Buyer.
As an operating apartment building, the existing use of the land generates approximately $175,000 per year of NOI.

Immediately adjacent to the east entrance of the Las Vegas Convention Center. The subject property is surrounded on all sides by the Convention Center.

Map of 820 Sierra Vista Dr., Las Vegas, NV 89169 (Clark County)

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Presented by

Grubb & Ellis | Las Vegas

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Contact Listing Broker
Curt Allsop (702) 733-7500 Ext: 279
Doug Schuster (702) 733-7500 Ext: 273
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Created 4/9/2009

Additional Information for 820 Sierra Vista Drive, Las Vegas, NV 89169

  • Active For Sale - 1 Listing
  • Active For Lease - 0 Listing
  • Previously Listed - 0 Historic Listing
  • Sales Comparables Available - 0 RecentSales Record

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