7.50 ACRES ± 303 E. HARMON AVENUE LAS VEGAS, 89169

KOVAL LANE

HARBOR ISLAND SITE APARTMENTS

HARMON AVENUE

DEVELOPMENT POTENTIAL: ALLOWS FOR MID-RISE TO HIGH-RISE DEVELOPMENT OF , TIMESHARE, RETAIL, SPECIAL USE, RESIDENTIAL

©2019 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. LAS VEGAS RESORT CORRIDOR LOCATED IN THE HEART OF THE LAS VEGAS RESORT CORRIDOR

PROPERTY OVERVIEW

A great redevelopment parcel in the Resort Corridor and walking distance to the fabulous . This property offers developers an affordable option to develop near the Strip, at a fraction of the cost. The property is conveniently located near McCarran International Airport, and is located in between the Hard Rock Hotel & (soon to be the Virgin Hotel & Casino) and . The location is just a few short blocks to Las Vegas Boulevard and the Aria Hotel Casino, The Cosmopolitan Hotel and Casino, and Planet Hollywood. The Las Vegas Strip Corridor is one of the most dynamic and rapidly expanding commercial regions in the United States. It is home to 8 of the top 10 biggest in the world, 2 new professional sports teams (NHL Golden Knights & NFL Raiders), and billions of dollars in investment under way.

EXISTING IMPROVEMENTS

While primarily being sold for land value, there are existing improvements on the property. The 152-unit Harmon Crossings Apartment Homes (with condo-map) generates over $650k in annual net revenue and is self-managed by owner. These improvements can be held to generate cash flow while a new development plan is considered.

LAS VEGAS CONTINUES TO BENEFIT FROM BILLIONS OF DOLLARS OF PUBLIC AND PRIVATE INVESTMENT

• Convention Center Expansion - $70 million (Opened 2016) • Wynn Paradise Park - $1.6 billion (Opening 2020) • T-Mobile Arena - $375 million (Opened April 2016) • Genting’s Resorts World Development - $4 billion (Opening 2020) • The Park MGM Resort - $100 million (Opened April 2018) • Las Vegas Sands / MSG Arena Development - $400 million (Opening 2020) • The - $100 million (Opened December 2016) • LVCVA Global Business District expansion - $2.3 billion (Phase 1 opening 2020) • Aria Convention Center Expansion - $154 million (Opened Q1 2018) • NFL Football Stadium - $1.9 billion (Opening 2020) • Wynn Plaza Retail Expansion - $100 million (Opening Fall 2018) • The Drew (Former Fontainebleau) - $2.4 billion (Opening 2021) ±7.50 ACRES 303 E. HARMON AVENUE LAS VEGAS, NEVADA 89169

PRICE: $25,000,000 HUGHES CENTER

SITE SIZE:

FLAMINGO ROAD ±7.5 ACRES

HARBOR ISLAND TAX PARCEL: APARTMENTS 162-21-711-000 KOVAL LANE ZONING: H-1 HOTEL, TIMESHARE, COMMERCIAL, RESIDENTIAL HARMON AVENUE

DEVELOPMENT POTENTIAL: ALLOWS FOR MID-RISE TO HIGH-RISE DEVELOPMENT OF HOTEL, TIMESHARE, SITE RETAIL, SPECIAL USE, RESIDENTIAL

Mike Mixer, Colliers International Las Vegas Executive Managing Director 3960 Howard Hughes Parkway, Suite 150 +1 702 836 3777 Las Vegas, NV 89169 | United States [email protected] www.colliers.com/lasvegas ±7.50 ACRES

Mike Mixer, Executive Managing Director

+1 702 836 3777 303 E. HARMON AVENUE LAS VEGAS, NEVADA 89169 [email protected]