2827 Paradise Rd - Health Club FOR SALE


Las Vegas, NV 89109- The Strip
$18,000,000 USD
725-241-0384
2827 Paradise Rd, Las Vegas, NV for Sale
$18,000,000 USD
Health Club - FOR SALE
1/39
null | Request Cap Rate

2827 Paradise Rd
Las Vegas, NV 89109
The Strip


HIGHLIGHTS

  • 2827 South Paradise Road, Stirling Club, offers 3.21 acres of prime real estate in the heart of the Las Vegas Resort Corridor, just behind the Strip.
  • Priced at below replacement value at $245 per square foot, providing endless redevelopment potential in one of the world's most dynamic markets.
  • The Stirling Club features 74,000 square feet of space, including banquet halls, a fitness center, pools, tennis and pickleball courts, and more.
  • Unrivaled visibility with 250 feet of frontage along Paradise Road, drawing over 28,000 vehicles daily and offering significant exposure.
  • Enjoy its prime location just one block from the Las Vegas Strip, a mile from Interstates 15 and 11, and in front of the Monorail Westgate Station.
  • Positioned in a thriving entertainment hub, within a mile from the Las Vegas Convention Center, The Sphere, Wynn Golf Club, Encore, Sahara, and more.

OVERVIEW

2827 South Paradise Road, the Stirling Club offers an exceptional investment opportunity priced significantly below replacement value at $245 per square foot in the heart of the world-renowned Las Vegas Strip. Situated directly behind the famous Strip, this property spans 3.21 acres and boasts nearly 74,000 square feet of space spread over four levels. The Stirling Club is equipped with a full spa and fitness center, multiple banquet halls, private meeting rooms, indoor and outdoor pools, tennis courts, pickleball courts, lush landscaping, and an underground parking garage The property offers great potential for redevelopment. The absence of existing restrictions allows for a variety of redevelopment options, making it an ideal opportunity to maximize value and create a high-return investment in one of the most dynamic markets in the world. 2827 South Paradise Road enjoys prime visibility with 250 feet of frontage along Paradise Road, offering exposure to over 28,000 daily vehicles. Conveniently located just one block off Las Vegas Boulevard, it’s within a five-minute drive of Interstate 15 and 10 minutes from Interstate 11, ensuring easy access to the entire metropolitan region. 2827 South Paradise Road is directly across from the Las Vegas Monorail Westgate Station, offering quick connections to major hotels and entertainment venues. In addition, it’s within a short drive of Harry Reid International Airport, making it easily accessible for domestic and international travelers. Within a mile radius, you will find world-class attractions, including the Las Vegas Convention Center, The Sphere, and the Wynn Golf Club, with nearby retail, hotels like Sahara Las Vegas and Encore Las Vegas, and other entertainment venues. Las Vegas continues to be one of the most thriving and resilient markets in the US. In 2023, tourism spending reached approximately $51.5 billion, bolstered by major events such as the Formula 1 Las Vegas Grand Prix and an influx of international visitors. The local economy benefits not only from tourism but also from a growing population base of over 1.6 million people within a 10-mile radius offering a robust workforce. This creates a strong consumer market, in the hospitality, entertainment, and retail sectors. 2827 South Paradise Road offers great infrastructure, high visibility, and endless redevelopment potential, making it a rare and exciting opportunity for investors to capitalize on the continued growth of Las Vegas.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$245 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stirling Club

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.21 AC

LAND SF

139,828 SF

ZONING

H-1

APN/PARCEL ID

162-09-611-003,162-09-612-181

ASK ABOUT THIS PROPERTY

Jennifer WeinbergBHHS Nevada PropertiesMore Info
725-241-0384

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Jennifer WeinbergBHHS Nevada PropertiesMore Info
725-241-0384

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.