By Eli Segall | Las Vegas Review-Journal
It’s been set on fire and ripped apart by vandals. Its owners have been ordered to fix it or tear it down. It’s even (reportedly) had paranormal activity.
And now, thanks to the Raiders, it’s looking like prime real estate.
The vacant two-story building at 5285 Dean Martin Drive is just north of the NFL team’s planned stadium site, separated by the Hacienda Avenue-Mandalay Bay Road overpass. It’s been home to a Mexican restaurant, a strip club, a concert venue and a nightclub, according to reports, but there’s no commerce in sight these days.
It’s too early to say whether the Raiders’ arrival in Las Vegas will spark a burst of construction right nearby; the team just bought its land on Monday, and the neighborhood is almost entirely built out, mostly with industrial properties. Also, the kinds of amenities investors might want to open near a stadium – bars, restaurants, retail – are found in abundance just a mile or so away on the Strip.