Las Vegas’ Aztec Casino For Sale, Part of $60M Off-Strip Listing

Posted on: July 21, 2021, 03:41h. 

Final up to date on: July 21, 2021, 03:41h.

Aztec Inn On line casino is among the many properties north of the Las Vegas Strip that at the moment are on the market. The value for the entire 7.23-acre bundle is $60 million and international companies have proven preliminary curiosity within the deal, in response to a broadcast report.

Centennial Advisers is the listing agent
The Aztec Inn On line casino pictured above. The motel and on line casino are among the many properties positioned north of the Las Vegas Strip now on the market. (Picture: Flickr)

The Aztec Inn On line casino is positioned at a nook off of Las Vegas Boulevard. It has a gaming license, in addition to a bar and restaurant, in response to TripAdvisor.

Positioned in Alternative Zone

One added plus with the Aztec and close by heaps is that they’re positioned in a possibility zone. That gives a would-be developer some tax incentives, in response to the Las Vegas-Evaluate Journal.

The Aztec is also within the “Gateway District, essentially the most lively a part of the Strip,” in response to the industrial itemizing.

The motel now occupied by the Aztec was first opened in 1957. The on line casino launched in 1991.

The opposite listed properties within the providing embody a number of vacant heaps and a retail area now occupied by a tattoo store, the report mentioned.

If patrons don’t need the complete group of properties, they’ll purchase properties in two purchases for $30 million every, the Evaluate-Journal mentioned.

Centennial Advisers is the itemizing agent. They’re primarily based in California with an workplace in Las Vegas.

“The zoning and every part happening across the north finish of the Strip proper now — it’s a simple method to buy a bit of property …,” Tom Watkins, regional director of funding at Centennial Advisers, instructed the Evaluate-Journal.

To this point, foreign-based builders are amongst those that have proven curiosity within the properties, Watkins mentioned.

Worldwide Market

“I believed it might be a neighborhood participant, actually, as a result of they know (the world) however I believe it says one thing good about Vegas,” Watkins instructed the Evaluate-Journal. “It’s a worldwide market, and other people wish to put their cash right here.”

The Aztec’s house owners are listed as Gerald Brinkman, Paul Kellogg, and Gary Vause.

Close to the Aztec is the long-lasting Strat Hotel, On line casino and SkyPod, which is one tenth of a mile away. That property is owned by Golden Leisure.

The Aztec is amongst a number of parcels on or close to the Strip which were in the marketplace. As an illustration, in 2020 a 130-acre property positioned south of the Strip was out there for $300 million.

It had been the deliberate web site of an $800 million excessive sports activities advanced, known as the Edge, that was scrapped.

That parcel consists of 65 acres of vacant land, a 41.4-acre golf course, and a 23.6-acre athletic venue with a go-kart observe, the Evaluate-Journal reported final 12 months.

The present proprietor of the property was recognized in a information report as Ernie Lee.

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