FOR SALE >
Bank Owned - High Profile Mixed-Use Development Site
23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGE
$5 ($5 ,300 .17 ,00 PS 0 F)!
W. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148 COLLIERS INTERNATIONAL 865 S. Figueroa Street, 3500 Los Angeles, California, 90017 Strip
SCOTT HEATON 213 532 3280
[email protected] Lic. 00757159
1,500 UE - ± 3
CPD
MICHAEL STUART 702 836 3739
[email protected] AVEN A N A C I TROP
Way
± 44,000
CPD
215
W .
HA CI
EN
DA
AV E
NU
E
Frontage Road: Jerry Tarkania n
www.colliersproperties.com/isg
PATRICK BARNES 213 532 3290
[email protected] Lic. 01333182
Bank Owned - High Profile Mixed-Use Development Site
23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGE W. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148
EXECUTIVE SUMMARY
HIGHLIGHTS
Colliers International is pleased to offer for sale an assemblage of seven vacant undeveloped land parcels totaling approximately 23.53 acres or 1,024,986 square feet. The site is bounded by West Hacienda Avenue on the south and frontage road, Jerry Tarkanian Way, along the easterly property line. It is located within Clark County jurisdiction – Spring Valley area of Las Vegas approximately 1.5 miles south of Summerlin, one of the most successful master planned communities in the western United States. This future build-to-suit or development site is adjacent to a 600,000 + square foot power center anchored by Wal-Mart, Lowes, Sports Authority and PetSmart. About 80% or 18.39 acres of the site is not deed restricted against residential or overnight stay- this is a big plus as most developers want the flexibility to create a mixed-use development here. The land parcels are just south of the Tropicana Avenue on/off ramps to the 215 Beltway and enjoy unobstructed views from both north and south bound directions while travelling along the 215 Beltway.
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Priced for immediate sale. The parcels were purchased in 2007 for $30.2M or $29.46 per square foot.
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Highly sought after market for investment. Historically Las Vegas is one of the fastest growing metropolitan areas in the United States.
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Offering over 2,000 linear feet of unobstructed visibility from north and south bound Interstate 215 Beltway where 44,000 cars travel daily.
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One of only a few significant freeway frontage sites with easy access to I-215 Freeways via Tropicana Avenue and South Fort Apache Road.
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Historically this trade area has experienced strong demand from tenants wanting freeway identity proximate to the communities of Summerlin and Spring valley.
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Located adjacent to the Tropicana Beltway Center, a 600,000+ SF retail power center with national tenants such as Wal-Mart, Lowes, Sports Authority, Office Depot, Pier 1, Chase, Pet Smart, Starbucks, Bank of America, Marshalls and Walgreens.
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The property is located within Clark County Cooperative Management Agreement area (CMA), HOWEVER, the bulk of the land area (approximately 18.39 acres) is NOT deed restricted against residential, multifamily and overnight stay.
Offering Price:
$5,300,000 ($5.17 PSF)
Property Address:
North of West Hacienda Avenue, west of I-215 Las Vegas Beltway just south off Tropicana Avenue exit.
Land Area:
The project consists of seven undeveloped land parcels totaling approximately 23.53 acres or 1,024,986 square feet. Traffic counts at the Interstate 215 and Tropicana Avenue are approximately 44,000 Cars Per Day (CPD). Frontage Road, Jerry Tarkaninan Way, borders the easterly property line and can allow direct access into the site heading in a southerly direction. This frontage road connects back to the 215 freeway at the next major street, Russell Road.
.Traffic
Count:
Site Improvements:
Undeveloped. Relatively flat with general topography sloping to the east. Curb, sidewalks and gutter in place along north side of W. Hacienda Avenue.
Zoning:
C-2 General Commercial District with majority of site in a Mixed-Use Development 3 Overlay.
www.colliersproperties.com/isg
Bank Owned - High Profile Mixed-Use Development Site
23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGE W. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148
S
LA
APN # Land SF Land Acres Zoning 204,296 4.69 C-2 163-29-201-005* 204,296 4.69 C-2 163-29-201-006* 163-29-201-007 123,275 2.83 R-E 163-29-201-008* 217,800 5.00 C-2 163-29-201-009* 174,676 4.01 C-2 14,810 0.34 C-2 163-29-201-011 95,832 2.20 C-2 163-29-101-014 Gross Total: 1,034,985 SF (23.76 Acres) Net Total: 1,024,986 SF (23.53 Acres) *Not deed restricted against residential or overnight stay
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W. Hacienda Avenue Frontage I-215 Las Vegas Beltway Frontage
Demographics
005
006
007
W. HACIENDA BLVD Not deed restricted against residential or overnight stay
www.colliersproperties.com/isg
Downtown Southwest Northwest Henderson
Population (2009 estimate) 85,167 157,411 445,233 240,280
±650 Feet ±2,080 Feet
Projected Annual Population Growth (2009-2014) 3.3% 26.2% 13.6% 13.6%
Bank Owned - High Profile Mixed-Use Development Site
23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGE W. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148 W TROP
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SCOTT HEATON 213 532 3280
[email protected] Lic. 00757159
MICHAEL STUART 702 836 3739
[email protected] A R
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PATRICK BARNES 213 532 3290
[email protected] Lic. 01333182
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COLLIERS INTERNATIONAL 865 S. Figueroa Street, 3500 Los Angeles, California, 90017
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from.
HEN
ERSON