LAS VEGAS RESORT CORRIDOR SOUTH LAS VEGAS STRIP
Presented by: Lily Fund, LLC
Thomas McManus
O (954) 566-0060
OPPORTUNITY
This property sits directly on the Las Vegas strip, at the southern end near the “Welcome
to Fabulous Las Vegas” sign, and adjacent to McCarran International Airport. This is an
opportunity to develop and brand two (2) iconic beverage cans that will be located next
to the welcome sign of the Entertainment Capital of the World.
SOUTH LAS VEGAS STRIP FOR SALE A. 4613-4915 S. Las Vegas Boulevard – 21.91 (+/-) Acres Cleared Land
APN 162-33-101-013 162-33-101-003 162-33-402-007
162-33-101-002 162-33-101-012 162-33-402-008
162-33-101-014 162-33-402-003 162-33-402-009
162-33-101-015 162-33-402-002
B. 5051 S. Las Vegas Boulevard – 5.25 (+/-) Acres Cleared Land
APN 162-33-402-006
ZONING Resort Hotel H-1 zoning allows for a variety of using including hotel, gaming establishment, apartments, commercial, etc.
This Parcel is zoned for Hotel/Resort, with Environmental Studies performed and “Ready to Develop”.
Design plans need to be submitted for permitted use. Prior permitted use, which was granted in 09/06, was for Hotel/Resort and should be easily re-applied for per Clark County Planning. Access to and use of McCarran Field is an option.
LOCATION Entire assemblage of Properties sits directly on the Las Vegas strip, at the southern end near the “Welcome to Fabulous Las Vegas” sign, and adjacent to McCarran International Airport.
This property is located at South Las Vegas Boulevard at Russell Street which has an exit, off Highway 15. Property is just South of the Four Seasons Hotel, Mandalay Bay Casino and Resort Property and directly across from the Bali-Hai Golf Club. Recent purchase of adjacent land to be developed by Harley Davidson.
SOUTH LAS VEGAS STRIP AERIAL
(A) FOR SALE
21.91 (+/-) ACRES
(B) FOR SALE
5.25 (+/-) ACRES
1. MGM
2. Tropicana
3. Excalibur
4. Luxor
5. Mandalay Bay
6. Mandalay Bay Convention Center
7. Four Season
8. London Eye (stopped development)
9. Harley Davidson
10. Bali-Hai Golf Club
EXECUTIVE SUMMARY
Lily Fund is pleased to present the opportunity to purchase over 27 acres of
land on S. Las Vegas Boulevard. The property is located just south of the
Mandalay Bay Resort and Casino and across the street from the Bali Hai Golf
Course. The world famous “Welcome to Fabulous Las Vegas” sign is located
just south of the property along with a flagship Harley Davidson sales and
retail center. The site lends itself to a number of potential uses including the
development of hotel, casino, retail and/or multifamily. The Las Vegas
economy has seen a recent uptick in economic activity and set all-time
visitation record in 2016 with approximately 42.9 million tourists coming to the
city. The subject property is a tremendous opportunity for an
investor/developer to capitalize on the resurgence of the Las Vegas economy.
ABOUT LAS VEGAS
The Strip on Las Vegas Boulevard is
known for being one of the most
flamboyant streets in the world.
Home to the largest concentration
of Mega Hotels and casinos on the
planet, the advertising exposure is
unprecedented.
With over 40 million tourists visiting
each year, on top of the millions of
residents who walk and drive this
boulevard 24 hours a day, the
marketing media is comparable with
that of Times Square.
INVESTMENT HIGHLIGHTS PRIME LOCATION IN THE LAS VEGAS RESORT CORRIDOR
The subject property is located just south of the Mandalay Bay Hotel Casino and the adjacent Mandalay Convention Center.
The ±1,000,000 square foot facility is one of the largest privately owned and operated convention facilities in the world and
is a short walk from the subject property. Just north of the site is the famous “Welcome to Fabulous Las Vegas” sign, which
attracts thousands of tourists each day to stop and take a picture. Immediately east of the property is McCarran International
Airport.
CONTINUED ECONOMIC AND TOURISM GROWTH Las Vegas is poised for significant long-term growth. The region continues to benefit from billions of dollars of public and
private investment, large-scale infrastructure projects, corporate relocations and expansions and record-breaking visitation
levels. In addition to the recently completed expansion of the Mandalay Bay Convention Center and the planned expansion
of the Las Vegas Convention Center, McCarran International Airport is currently undergoing a $2.4 billion expansion to increase
the airport’s annual capacity by 11 million passengers while doubling the number of international gates to meet the uptick in
the City’s foreign visitor demand. Major nongaming commercial projects throughout the City will also help drive additional
demand to Las Vegas. The recently delivered T-Mobile Arena, located north of the Property, is home to the NHL Golden
Knights and will host over 150 events annually, including hockey games, concerts, boxing, UFC matches, and major award shows.
With strong public support for major commercial projects, aggressive business incentives to attract new industry and jobs, and
one of the fastest growing populations in the U.S., Las Vegas is on pace to outgrow other major MSAs for years to come.
ESCALATING LAND PRICES AND DEVELOPMENT DEMAND The Las Vegas market experienced a 90% decline in land values from
the peak of the market in 2008. While the market is improving, the subject property can be purchased at a discount to peak market
values. With continued growth in Las Vegas and the improvement of the overall economy it is expected that land values will
continue to rise over the next 24 to 36 months.
MARKET
OVERVIEW
In 2015, Las Vegas held nearly 22,000 conventions and hosted nearly 6.3 million convention delegates.
Las Vegas was named the top trade show destination for the 22nd consecutive year, according to the Trade Show News Network’s “2015 TSNN Top 250 Trade Shows in the United States” list.
The Las Vegas MICE (meetings, incentives, conferences, and events) sector now supports over 66,500 jobs and generates more than $9.3 billion in economic impact. In 2015, Las Vegas hosted four of the top 10 and ten of the top 22 largest conventions/trade shows held in the U.S.
Overall, the Portfolio achieved 447 sell out nights in 2016.
FOR MORE
INFORMATION
PLEASE CONTACT:
Lily Fund, LLC
Thomas McManus
Chief Executive Officer
O (954) 566-0060