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Investors Put 16-Acres Of Land On Strip Up For Sale

Investors have put up for a sale a chunk of property on the Las Vegas Strip for a total of $800 million.

Spectrum Group Management is trying to sell 16 acres of land at the southeast corner of Las Vegas Boulevard and Harmon Avenue across from CityCenter.

The last time it was on the market in 2015 it was for sale for $500 million, but officials with the company say the market has improved since then.

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The Las Vegas Review-Journal reports the seller contends this is the last developable site in the heart of the tourist-heavy area. Existing buildings in the area include a Walgreens and a food court. 

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