Overview

Description

This sale offering presents investors with a rare transit-oriented redevelopment opportunity that is perfect for hospitality or multi-family with mixed retail use. The asset is located in a prime area of the busy Chinatown/Asian District and the famous Las Vegas Strip with several new retail, multi-family, and mixed-use developments.

Elon Musk’s The Boring Company recently purchased the adjacent land to add a Spring Mountain Loop transit stop within walking distance of the asset. The Loop will connect this site to the Las Vegas Strip and Downtown Las Vegas attractions, the Las Vegas Convention Centers, and the Harry Reid International Airport. Spring Mountain Rd. serves as a major thoroughfare throughout the Asian District and provides direct access to Wynn Resorts, Venetian/Palazzo, Sands Convention Center, The MSG Sphere, Treasure Island, and the iconic Fashion Show Mall.

VIEW PROPERTY WEBSITE: https://view.ceros.com/colliers-las-vegas/hmv-chinatown

Highlights

• Compelling development opportunity perfect for mixed-use/hospitality
• Coveted Chinatown/Asian District Submarket
• Connectivity to Underground Loop
• Excellent visibility from Spring Mountain Road (±63,500 VPD) and frontage on Valley View Boulevard (±30,000 VPD)
• Easy access to the Las Vegas Strip, Downtown Las Vegas, Convention Centers, and Harry Reid International Airport

Documents

---