LAS VEGAS, Sept. 13, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Centennial Parkway at Grand Montecito, 37.2 acres of vacant land in Las Vegas.
The listing price is $29,176,000.
Art Macaraeg, (top right photo) a senior associate in the firm’s Las Vegas office, is representing the seller.
“The property is within the city’s fast-growing Town Center District planning area,” says Macaraeg. “Currently, the area is experiencing significant commercial development of office and retail projects. This parcel could be developed as a power center for big box retail tenants or as an outlet mall.”
Located at a signalized intersection on the northwest corner of Centennial Parkway and Grand Montecito Parkway in Las Vegas, the property has highway visibility along Interstate 215 and Interstate 95 with accessibility via the Durango turnoff of Interstate 215.
The property is zoned Tourist Commercial (TC).
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