Whenever we visit Las Vegas and have a vehicle, we like to travel to Primm, Nevada. It’s a somewhat short 40 minute drive from the mega city in the desert and has a couple of casinos.
The casinos seemed very slow there last year. Uncharacteristically slow business, and this was just before the pandemic shut everything down in Vegas (see: Movie Cars at Terrible’s Casino Just Outside Las Vegas). The post was made after everything closed, but we were there the same month it closed.
We haven’t visited the Prizm Outlets mall, also located in Primm, but apparently it hasn’t been doing well during the pandemic since reopening either.
The Prizm Outlets mall, about a 40-minute drive south of Las Vegas on the California border, lost 95% of its value in six months. It may not be the last mall to do so. Formerly known as the Fashion Outlets of Las Vegas, the Primm, Nevada mall was auctioned off on Wednesday at a final price of $1.525 million, compared with a $28.2 million appraisal in July, according to a person with knowledge of the results on commercial real estate auction site Ten-X. The buyer wasn’t disclosed.Vegas Mall That Lost 95% of Value Might Be Just the Beginning
95% of the value?! Ouch. Had to look up where this mall was in relation to the Bonnie & Clyde death car exhibit. Check this out, it’s actually featured on Google Maps!
With the other activities this last trip, we didn’t get there (ouch, that makes us part of the problem, I suppose), but if/when we do someday, we just have to take some pictures of the mall. Maybe even do a little business while there, just to say, “we bought something at a mall that lost 95% of its value!”
If memory serves, there is a gas station there which claims to be one of the world’s biggest gas stations. We did stop at the gas station in March 2020.
Also curious if the Prism mall has a movie theater as an anchor business? Movie theaters and malls go together like popcorn and butter.