$12.5M Development Site Hits the Market in Nevada

LAUGHLIN, NV– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for a 960,000-square foot, 20.81-acre marina-front development site and 8.77 acres of Laughlin Bay Marina, the only full-service private marina in Nevada and on the Colorado River. The properties are being offered as a portfolio but may be purchased separately.

Frank Pour, a senior associate in the firm’s Encino office, is representing the seller.

John Vorsheck,  (middle right photo) regional manager of Marcus & Millichap’s Las Vegas office, is also providing representation.

“The Laughlin Bay Marina development project was approved through the efforts of U.S. Senator Harry Reid from Nevada,” says Pour. “This project complements other casino, hospitality and marina operations in the area.”

“The Laughlin Bay Marina is a true oasis in our desert,” said Reid. “This development marks resurgence in growth and the economy, while respectfully protecting the surrounding environment.”

The offering is located at 4000-4040 Marina Lagoon Drive in Laughlin, on the state-protected Laughlin Bay lagoon.

The Laughlin Bay Marina development site is comprised of entitled, graded residential land for 521-marina-front town homes and a recently completed 5,409-square foot clubhouse with fitness center, pool and spa.

There is also a lit boardwalk area with gazebos, sandy beaches and recreational areas. The site is listed for $5 million.

The Laughlin Bay Marina features 110 boat slips, 48 jet-ski slips, a five-story 20,133- square foot climate-controlled boat storage facility, a three-lane launch ramp with operator’s apartment, a 7,280-square foot banquet room with manager’s office and apartment, a restaurant with full commercial kitchen and a lounge/bar.

The property is zoned H1 – hospitality with gambling overlay – Nevada’s highest designation for commercial land developments. The listing price for the marina and other completed structures and facilities is $7.5 million.

The city of Laughlin, Nevada, is located 90 miles south of Las Vegas on the Colorado River. More than 21 million people live within six hours of Laughlin. Los Angeles is approximately five hours away.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716