The Aztec Inn Casino is the centerpiece of a group of properties for sale north of the Strip. The price for everything is $60 million but could be broken into two separate transactions of $30 million each, according to the Las Vegas Review-Journal.
“The zoning and everything going on around the north end of the Strip right now—it’s an easy way to purchase a piece of property that’s 8 acres,” said Tom Watkins, regional director of investment at Centennial Advisers, whose firm holds the listing.
Located on the corner of Las Vegas Boulevard and Bob Stupak Avenue, the portfolio includes several vacant lots nearby and a retail space that’s home to a pair of tattoo parlors. The property qualifies for the opportunity zone, which provides tax incentives. Moreover, the tract includes a gaming license and no height limits.
Inquiries to date come from international portfolios interest in the portfolio have been international firms.
“I thought it would be a local player, honestly, because they know (the area) but I think it says something good about Vegas,” said Watkins. “It’s a worldwide market, and people are looking to put their money here.”
