1.7 ACRES ON LAS VEGAS BLVD, LAS VEGAS NEVADA:

General Property Information
Property Use Any
Land SF 74,052.000 Sf
Land Acres 1.700 Acres
Building SF -
Bld SF/$ Per -/-
# of Buildings 6
# of Units 19
# of Stories 2
Year Built Value In Land / Future Development Built Yet N/A Or Unknown
Building Class -
Zoning C2 (Mixed Use, Redevelopment District)

Parking Description See Description Broadband N/A Or Unknown
Gaming N/A Or Unknown
Gas Yes
Water Yes
Electric Yes

This property consists of 8 parcels totaling 1.70 acres w/ approx 300+/- Feet of Frontage on 4th St. and approx. 200+/- Feet of Frontage on Las Vegas Blvd. This property is located approximately one mile from Downtown Las Vegas south of Charleston w/ direct access from both Las Vegas Blvd. and 4th St., and borders the Downtown Las Vegas Arts District. This prime piece of development property is located in the City of Las Vegas, Downtown Redevelopment Area, more specifically falling into the boundaries of the Downtown Overlay District, Live/Work Overlay District, and the Las Vegas Blvd. Scenic Byway Overlay District, which would enable future developments on the property to potentially benefit from redevelopment incentives such as visual improvement facade enhancement rebates, tax increment financing rebate incentive, and expedited project approval. Special provisions for this area also include exemptions for height restrictions, required building setbacks, standard parking requirements, maximum lot coverage, residential adjacency, and landscaping requirements. Property Features
• Direct Acces from Both Las Vegas Blvd. and 4th St. • Located in the City of Las Vegas Redevelopment Area • Special Provisions / Incentives for Future Developments • Borders the Arts District
• Minutes from Billion Dollar Developments on LV Blvd. • 8 Assembled Parcels Totaling 1.7 Acres • Approx. 300' of Frontage on 4th St. and 200' on LV Blvd • Unlimited Height Restrictions
• Possible Casino /Gaming
• Close Proximity to Future Downtown Projects Area Description
This property is located approximately one mile from Downtown Las Vegas south of Charleston w/ direct access from both Las Vegas Blvd. and 4th St., and borders the Downtown Las Vegas Arts District. This prime piece of development property is located in the City of Las Vegas, Downtown Redevelopment Area, more specifically falling into the boundaries of the Downtown Overlay District, Live/Work Overlay District, and the Las Vegas Blvd. Scenic Byway Overlay District, which would enable future developments on the property to potentially benefit from redevelopment incentives such as visual improvement facade enhancement rebates, tax increment financing rebate incentive, and expedited project approval. Special provisions for this area also include exemptions for height restrictions, required building setbacks, standard parking requirements, maximum lot coverage, residential adjacency, possible gaming, and landscaping requirements.

Here are some prime examples of recent growth on Las Vegas Blvd: • Frontier purchased 41 acres 9 yrs ago for $165M, sold for 34 acres for $1.3B, and then sold other 7 acres for $500M. And now they are building the Trump Towers • Plaza is building $6B hotel and high rise condos • Sky paid $12M for 3 acres around 6 yrs ago, land alone is now worth $100M • Turnberry paid $26M for 2.5 acres, then flipped it for $90M • Wynn paid $270M for 270 acres, now worth ?!?! • Stardust was knocked down, and is going to rebuild $5B Encore Project • Westward Ho Hotel was in escrow for $72M, couldn’t close resold $144M to new buyer, that buyer flipped 9 acres for $360M, and held 1 acre to himself. • 76 acres of land on Circus Circus to Sahara was just sold 9 months ago, $17M an acre (great deal!) MGM is building the 2nd City Center • A guy from LA purchased Circus Circus for $300+M a year ago • Wet and wild paid $480M for 26 acres couple of years ago, trying to get approved for a 210ft hotel & casino • 2 acres of land on Sahara and Las Blvd north east corner was purchased for $20M 3 yrs ago, sold for $47 last month