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Clark County sells prime property southwest of Las Vegas airport


Clark County sells prime property southwest of Las Vegas airport

Clark County has sold a prime piece of land southwest of Harry Reid International Airport to a private buyer for $14 million.

The 19-acre South Strip development site is located on Las Vegas Boulevard at the southeast corner of the Interstate 15 and 215 Beltway intersection. Colliers International Senior Vice President Jason Roth and Executive Vice President Mark Schuessler secured acquisition financing for the buyer, whose name was not disclosed.

The property is located near the future Brightline train station that will connect Las Vegas to Los Angeles and is scheduled to open before the 2028 Los Angeles Summer Olympics. Colliers noted in its press release about the sale that development plans for the property are still in the final stages and “the property’s H-1 zoning allows for a wide range of uses, including commercial, hospitality, multifamily, gaming and mixed use.”

“It’s been incredible to see the Las Vegas market mature over the last decade,” Schuessler said. “Quality properties are becoming increasingly difficult to come by and I’m excited to see what the new owners deliver.”

In October, the airport purchased 65 acres directly south of the airport for $135 million. The airport, which is owned by Clark County and operated by its aviation authority, said in an email to the Las Vegas Review-Journal that its lease with one of the property’s lessees, the Las Vegas Golf Center, remains in effect.

Contact Patrick Blennerhassett at [email protected].

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