PREMIER AUCTIONS : Las Vegas Strip Development Opportunity
 

Auction Summary


4605 Las Vegas Blvd South
Las Vegas, NV

Property Information

Property Specific Disclosures

Buyer's Broker Incentive Form

Sealed Bid Instructions

Property Information Package

Terms

Sales Contract

Online Media

Postcard

Contact Details

Phone: 1-800-558-5464
Fax: 800-707-4204
Email: auctioninfo@jpking.com

 



 Excellent development opportunity on the Las Vegas Strip, this 1.36+/- acre property has an impressive 236+/- feet of frontage on Las Vegas Boulevard. Occupying more road frontage than nearby Paris, MGM Grand, & Venetian, the site is located across from Mandalay Bay, Luxor, and Excalibur and within walking distance to the attractions along this legendary boulevard in the heart of the gaming and entertainment capital of the world. Currently operating as the Diamond Inn Motel, this rare and prime real estate will provide excellent revenue to investors while a world-class project is being developed.

Just north of the famous “Welcome to Fabulous Las Vegas” sign, the development site is the first hotel/casino seen from I-15 traffic traveling from southern California and will be viewed by more than 45 million people per year from McCarran International Airport. The location offers excellent north views of iconic Vegas properties and is contiguous to the Mandalay Bay Convention Center, the third largest convention center in the country. Zoned H-1, the site has superior ingress/egress from existing streets bounding all sides of the property. This incredible investment presents an exceptional chance to establish a resort along one of the most visited boulevards in the world.

FAA approved buildable heights of 406-505+/- feet and superior ingress/egress from existing streets

Property Preview Information

Property tours are by appointment only. Please contact our Auction Information Center at 800.558.5464 for more detials.

sealed bid instructions

1.Read and review the following documents:
Terms of Auction
Real Property Sale Contract
Property Specific Disclosures
Any and all additional materials needed to make an informed decision about the Property prior to submitting an offer

2.Submit the following items on or before January 18, 2011 at 5:00 p.m.:
Real Property Sale Contract and all attachments. Make sure all areas of the contract are completed and signed in their entirety.
Auction Buyer’s Broker Incentive Program Broker Registration Form as applicable.
Cashier’s check or wire transfer, made payable to First American Title Company, in the amount of $100,000.00 (“Earnest Money Deposit”). If sending a cashier’s check, please send the check with the Real Property Sale Contract. If sending a wire transfer please transfer the funds to First American (refer to wiring instructions).
Send all items to J. P. King Auction Company Nevada, attention Joe Childers, 3470 E. Russell Road, Suite #277, Las Vegas, NV 89120.

3. Upon acceptance of offer by Seller, Buyer will be required to increase the amount of the Earnest Money Deposit, from that of $100,000.00, to that of no less than ten percent (10%) of the total contract price of the Property. Non-winning Buyer(s) will receive their $100,000.00 cashier’s check or wire transfer back upon rejection of sale contract.

4. Closing will be scheduled on or before February 17, 2011 with First American
Title Company.

If you should have any questions or need additional assistance, please contact the J. P. King Auction Information Center at (800) 558-5464 or via e-mail at auctioninfo@jpking.com.

 
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