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2575 West Serene Avenue Multifamily / Condo Development Opportunity Entitled for 378 Units

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2575 West Serene Avenue Multifamily / Condo Development Opportunity Entitled for 378 Units OFFERING MEMORANDUM 2575 WEST SERENE AVENUE MULTIFAMILY / CONDO DEVELOPMENT OPPORTUNITY ENTITLED FOR 378 UNITS SOUTH LAS VEGAS BOULEVARD 15 WEST SERENE AVENUE SUBJECT ±7.0 ACRES CACTUS RIDGE WAY 2575 West Serene Avenue Property Information The ±7.0 acres is located 1 block West of the famous Las Vegas Strip, minutes from the Resort Corridor and Las Vegas Raider Stadium. • Size: ±7.0 Acres • Address: West Serene Avenue and Las Vegas Boulevard • APN: 177-20-710-001 (Buyer to verify subdivision map) • Zoning: Limited Resort and Apartment (H) • Potential: To develop 378 condominiums • Utilities: Stubbed to the site (Buyer to verify) • Jurisdiction: Las Vegas, Nevada, Clark County • Price: $7,000,000 IMPROVEMENTS The Property is a fully improved and entitled for 378 units, ready for Phase II Boca Raton Condominiums. OFFERING MEMORANDUM 2 95 APEX INDUSTRIAL PARK KYLE CANYON RD KYLE SPRING SILVERSTONE IRON CANYON MOUNTAIN MOUNTAIN 157 GATEWAY RANCH RANCH GRAND TETON DRIVE 2575 West Serene Avenue PARK HIGHLANDS SEVERENCE LANE ALIANTE 15 PROVIDENCE ELKHORN ROAD 215 93 N TENAYA WAY TENAYA N S ELKHORN L L AM DEER SPRINGS WAY 95 OSS B SPRINGS E R B L OA V D D W CENTENNIAL PARKWAY LAS VEGAS MOTOR SPEEDWAY 604 N N JONES JONES N P 215 EL DORADO RO ECOS N D N BLVD A D BLV UR ECAT W ANN ROAD ANN ROAD N Aerials D U S C I R A M A SHADOW PAINTED DESERT M NGO M LOS I N O UNION PACIFIC RR D O WASHBURN RD N CREEK DRIVE A PRADOS S N 5TH S L ST RANCHO N LOCAL MAP REE O FACING SOUTH R NELLIS AFB W LONE MOUNTAIN ROAD T E TREET T DEL NORTE RANCHO 15 ALTA MIRA CRAIG ROAD CRAIG ROAD 573 C L I F F W ALEXANDER ROAD 93 NELLIS AFB S H N RAINBOW BLVD RAINBOW N BUFFALO DRIVE BUFFALO A D O W NORTH VD S D CCSN R AS BL M CHEYENNE I 599 G V ART E E V DURANGO LAS VEGAS CAMPUS AS I N L L N W CHEYENNE AVENUE HILLS U LOSEE RD. TH E CHEYENNE AVENUE 574 ER K SUN CITY LAS VEGAS ING JR BLV SUNRISE HIGHLAND PALM DESERT E EVANS AVE SHORES NORTH LAS VEGAS VISTA FALLS VALLEY AIRPORT D NELLIS BLVD 147 SMOKE RANCH RO AD BELMONT ST E CAREY AVE VD EAGLE 95 E LAKE MEAD BL CREST W LAKE MEAD BLVD N E LAKE MEAD BLVD 147 RAN 147 N CHO B R UC N E VEGAS DRIVE DR E E OWENS AVENUE S T PECOS ROAD A LAMB BLVD N S T TPC AT H LAS VEGAS ER O L N 15 GTON AVE L SUMMERLIN MUNICIPAL E WASHIN YW W WASHINGTON DRIVE AVE SUMMERLIN SUMMERLIN PARKWAY OO D BL TPC AT V E BONANZA ROAD D ANGEL WESTCLIFF DRIVE 95 D CANYONS E LAS VEGAS S E R T PARK DESERT PINES NU F ART AVE E O ALTA DRIVE STEW O T 515 93 H I L BADLANDS L S UNIVERSITY RED ROCK NATIONAL AREA CONSERVATION D R W CHARLESTON BLVD MEDICAL CENTER E CHARLESTON BLVD T O 159 W FREMON N V A CCSN C CHARLESTON L E L T E N CAMPUS Y S T PECCOLE T E V R DESERT I 607 E D CANYON W R RANCH 595 E ST LOUIS AVE I V R ROSE E O GATE L N A W D SAHARA AVE OS 215 589 F RED E L BUFFALO I E AHARAS AVE I Z S ROCK VEGAS LLEVA Y DRIVE T N THE LAKES D S JO D LAS VEGAS A RIVE N 612 HOL ES “THE STRIP” ROYAL BL CC E DESERT INN ROAD LYW VD LINKS 147 W DES ERTINN RO AD SPRING MOUNTAIN RD INDUSTRIAL RO O O WYNN BOULEVARD D LAKE S RAINBOW BLVD B MALL L LAS VEGAS VD 604 95 STALLION BEAR’S FLAMINGO ROAD FLAMINGO ROAD MOUNTAIN 502 N DECATUR P REFLECTION BEST H ARADI UALAPA DESERT SPRINGS BAY S L SPRING E HOSPITAL A K SIENA I EAST E RD WAY UNLV LA FACING SOUTHEAST S VALLEY 582 V BLVD E G TROPICANA AVENUE LAS VEGAS A S TROPICANA AVENUE M P A SUNRISE K 593 R Y BO W L S Y A S N U A COLONY D PA LDE N SPANISH TRAIL D H R B I R HACIENDA AVE L R K O V L HWY W A A D R L A B O L Y E A SPRING E N D Y T VALLEY THE V 15 B I L HOSPITAL E E RUSSELL ROAD V W D P FALLS A S FO R B D BUFFALO DRIVE BUFFALO ROA L C EL O DUR RUSS RT RT W O A MC CARRAN D BALI R APACHE ROAD APACHE O A A N Y D A GO DR GO INT’L AIRPORT W HAI ARK 595 MEAD P TUSCANY E LAKE I WHITNEY V E E SUNSET ROAD W SUNSET RO AD S RANCH SOUTHERN PEC TOWN N HILLS HOSPITAL SUNSET S OS TE SQUARE PHAN 215 PARK E SUNSET ROAD RO IE STRE IE AD ST. ROSE V 564 W ARBY AVE A WILDHORSEL N SAN MARTIN L E A R HOSPITAL V R ET E RD EASTGATE S EASTERN AVENUE S EASTERN O R W WARM SPRINGS ROAD 93 RACETR Y D O WARM SPRINGS ROAD E G D RANDEBLVD UPRR R A RICHARD CK CORONADO GREEN SON DRIVE NEVADA ROAD 515 C EN RANCH T TRAILS E VALLEY 582 R UNION PACIFIC RR PACIFIC UNION ST GIBSON Rd. S WINDMILL LANE AMERICAN PACIFIC DR RHODES WINDMILL LN B RAINBOW 95 ST. ROSE DOMINICAN RANCH HOSPITAL BURKHOL SOUTH DE R BLVD S W WIGWAM AVE LVD W LEGACY A E T S D L VA ER S A N DEAN MARTIN DR MARTIN DEAN W S V S AG T E 607 EN C E EGAS EGAS BLV E PEBBLE ROAD N A S D T T UR BL BE W HENDERSON RM PA MA VD S CI U MA RYLA F D 215 G I A 160 BLUE DIAMOND ROAD C R G E PKWY I E DG A RD I R C N N VE E O W D N Z S S I R BLACK AY V FORT FORT P O S JONE S A H KWAY AR L SOUTHFORK L W E MOUNTAIN AP EQUESTRI Y AN DR GOMER ROAD AC S P BLVD A HE W SILVERADO RANCH BLVD R FOO A RD K P W P A T A DRAGON RIDGE H L S Y OOSA RD OOSA I LL MOUNTAINS EDGE PKWY B CCSN U 515 S HENDERSON CAMPUS F D FA SOUTHERN ST. ROSE R L DOMINICAN HOSPITAL DEL WEBB O I DR HIGHLANDS SIENA CAMPUS W CACTUS AVE MACDONALD RANCH W CACTUS AVE SILVERADO SUN CITY RD GREENWAY V COLLEGE DR COLLEGE E 146 MISSION DR RANCH SUNRIDGE WEST 93 y CANYON SHINNECOCK HILLS AVE wa SO U ark E PARADISE HILLS DR TH MACDONALD ER N MOUNTAIN’S HI GH HIGHLANDS L St Rose P S RAILROAD AN E EDGE D V S E 604 N SEVEN HILLS PA R HENDERSON H PASS K I W L LS A Y EXECUTIVE DR RIO SECCO AIRPORT ANTHEM 93 VOLUNTEER BLVD REVERE DEL WEBB’S 95 OFFERING MEMORANDUM 15 ANTHEM 3 A AY NTHEM PARKW 2575 West Serene Avenue Aerials SOUTH SOUTHEAST SOUTHWEST NORTHWEST OFFERING MEMORANDUM 4 2575 West Serene Avenue This map is for assessment use only and does NOT represent a survey. ASSESSOR'S PARCELS - CLARK CO., NV. SEC. MAP BOOK T22S R61E 20 N 2 SE 4 177-20-7 Michele W. Shafe - Assessor 8 4 8 4 No liability is assumed for the accuracy of the data deliniated herein. 164 161 PARCEL BOUNDARY CONDOMINIUM UNIT 001 ROAD PARCEL NUMBER 163 162 6 5 4 3 2 1 Information on roads and other non-assessed parcels may be obtained 5 1 5 1 from the Road Document Listing in the Assessor's Office. SUB BOUNDARY AIR SPACE PCL 001 PARCEL NUMER 7 8 9 10 11 12 PM/LD BOUNDARY 1.00 ACREAGE 18 17 16 15 14 13 RIGHT OF WAY PCL 175 178 6 2 ROAD EASEMENT 176 177 2 6 19 20 21 22 23 24 This map is compiled from official records, including surveys and deeds, MATCH / LEADER LINE SUB-SURFACE PCL 202 PARCEL SUB/SEQ NUMBER 30 29 28 27 26 25 7 3 7 3 but only contains the information required for assessment. See the HISTORIC LOT LINE PB 24-45 PLAT RECORDING NUMBER NOTES recorded documents for more detailed legal information. 193 192 191 190 31 32 33 34 35 36 Parcel Map HISTORIC SUB BOUNDARY BLOCK NUMBER 8 4 8 4 USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL HISTORIC PM/LD BOUNDARY 5 MAP LEGEND 5 LOT NUMBER SECTION LINE 5 1 5 1 0 100 200 400 600 800 GL5 GOV. LOT NUMBER Scale: 1" = 200' Rev: 6/2/2014 GL46 008 GL47 GL48 R=20 40 40 331.48 40 007 1087.81 327.52 100 > 5 SERENE AVE 40 327.52 006 96-003 002 40 100 835.44 1012.28 96-002 PALM BEACH RESORT 22.72 61.95 88.28 73.81 PB 128-61 36.5 3 70.71 3 . 002 9 7 294.28 2.41 PM 107-2 710 See Condo List Page 202.77 124.10 008 "A" 698.61 326.95 376.5 12.6 323.33 CACTUSRIDGE SENNIA CANYON SENNIA LN YUCCA RIDGE DR RIDGE YUCCA 96-002 707.48 DESERT WILLOW 61.55 1 .6 3 20 8 ENCHANTEDROCK LN .3 830.49 8 72.94 1 26 1327.98 008 673.53 DRAINAGE CHANNEL 142.97 LAS VEGAS BLVD SOUTH BLVD VEGAS LAS 1307.93 BLUE SAGE LN 56.74 90.78 106.76 002 142.96 701 005 893.54 INTERSTATE NO 15 NO INTERSTATE 021 PM 102-13 012 1328.66 8.1 RED YUCCA LN RED YUCCA LN BLACK ROCK RIDGE PT GL64 PT GL64 005 SUNRISE RIDGE WY RIDGE SUNRISE CACTUS RIDGE CACTUS WY 27.46 PM 41-9 159.60 018 554.74 DESERT MARIGOLDW Y PT 2 51.39 DESERT R=25 305.41 PT 1 WY MARIGOLD 189.60 019 839.82 30 004 100 981.6 30 30 005 007 004 50 2 RICHMAR AVE 015 263.31 R=25 R=25 30 85.27 227.83 30 31.17 83.68 325.38 014 35 35 35 35 48 006 325.32 021 40.46 40 40 38.79 38.79 38.79 38.79 89.85 45.08 40.08 001 46.36 29.92 38.5 104 38.5 4 .95 107 .16 38.5 .16 4 .76 3 04 0 38.5 6 38.5 05 85.16 38.52 38.5 38.5 026 6.07 039 003 1 VAC 2215:2174388 3 4 100 45 48 090 10 30 30 19 88 10 74 084 086 088 PB 97-91 13 181716 46.
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