Empty pools, wooden doors and windows, barbed wire fences, the former White Sands Motel hasn’t changed in years.
Except for that price tag.
A closed property on Las Vegas Boulevard across from Luxor is for sale through auction site Ten-X. The online auction will run from his December 12-14, with a starting price of $1.5 million for the narrow 1.1-acre lot.
“The redevelopment opportunities are endless,” declares the listing, citing its proximity to Allegiant Stadium, T-Mobile Arena and other sites.
As with any real estate offer, you never know if the property will change owners or how much money you will make. But his dilapidated 1950s motel building is riddled with vandalism, vagrants, stray catAnd if you sell it, it will almost certainly be demolished.
A buyer can acquire a piece of America’s famous casino corridor and develop a new project to cater to Las Vegas’s large tourist crowds.
Parcel — surrounded on three sides by the former Highway 91 Harvest Field —Owned by the estate of Sparta Cocorelli, who owned White Sands and died in 1992, property and court records show.
Frankie Valle of listed brokerage firm eXp Commercial said in a statement this week that his team will use Ten-X to “gain maximum exposure to investors around the world” and real estate’s “best financial results.” He said he decided to get a return. and enable “fair competition among bidders”.
He added that, as with many auctions, “starting bids are low to generate as much interest as possible” and that “the auction has an undisclosed floor price to protect the property.” .
He also said his team has “received considerable excitement and activity among potential bidders.”
White Sands was built in 1959 during the Mafia era of Las Vegas. At the time it was advertised as a beautiful place with TV, coffee and air conditioning.
Clark County records show that the motel closed around 2008 and has been in rough shape for years. According to a 2015 county Imminent Danger Declaration, the building is unsafe and criminal, with stray cats and kittens “identified in all units.”
Later that year, county officials reported that the land was “abandoned” and “unmaintained”, with electrical and plumbing facilities destroyed.
“Despite installing chain link fences and boarding all doors and windows on the premises, it is extremely difficult to prevent vagrants, trespassers, and animal groups from accessing and destroying the premises. It was difficult,” wrote Corelli’s executor’s attorney. Letter to County, 2015.
Whether or not the old White Sands, one of the Strip’s last motel buildings, will eventually be sold, will soon be known. If so, I’ll be ready to say goodbye to the place — if not, don’t expect someone to quickly light the coffee pot or turn the air conditioning back on.