A group of properties north of the Strip, which includes the Aztec Inn Casino, is on the market for $ 60 million or two separate transactions for $ 30 million each.
“The zoning and everything that’s happening on the north end of the Strip – it’s an easy way to buy eight acres,” said Tom Watkins, regional director of investment at Centennial Advisers, whose company holds the listing.
In addition to the Aztec Inn Casino, which is located on the corner of Las Vegas Boulevard and Bob Stupak Avenue, the portfolio includes several vacant lots in the vicinity and a retail space with a golden skull tattoo and diversity tattoo.
Watkins said the property is in a qualified opportunity zone that offers developers tax incentives. There is also a gambling license and no height limit.
So far, international companies have expressed interest in the portfolio, he said.
“I thought it was honestly a local player because they knew (the area), but I think it says something good about Vegas,” said Watkins. “It’s a global market and people want to invest their money here.”
Contact Subrina Hudson at shudson@reviewjournal.com or 702-383-0340. Follow @SubrinaH on Twitter.
