4735-4755 Deckow Ln
Las Vegas, NV 89169
Siegel Suites Checkmate · Multifamily Property For Sale · 52 Units

The Property consists of a 52 room extended stay property situated on ±0.84 Acres of Prime Redevelopment Land. The property was built in phases during 1984 and 1985, it is three stories tall, and features exterior corridor walk-ways. The property offers its guests 55 parking spaces (of which 15 are covered). The property is currently utilized as an extended stay living apartment complex however the location of this asset offers investors a potential redevelopment opportunity. Located in the heart of the Tourism Corridor (± 150,000 hotel rooms), this opportunity is the perfect fit for someone taking advantage of the Las Vegas hospitality and tourism resurgence. Across from both the MGM Grand Hotel & Casino, McCarran International Airport and steps away from the world famous Las Vegas Strip, the surrounding parcels and uses are currently being redeveloped and can be assembled to make a greater density. Currently the property exists as an operating extended stay living property which offsets potential holding costs with interim income prior to re-development. The opportunity exists for a developer to hold or immediately take advantage of the uptick in tourism while offsetting costs with income in-place.