You have a chance to own a piece of the Las Vegas Strip, if you have millions of dollars laying around.

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An auction for 1.36 acres of land on the south side of Las Vegas’ famed tourist corridor opened on Thursday. The land houses the now closed Diamond Inn Motel and its eye-catching pink elephant statue, which is included in the auction listing.

The starting bid for the land is $12.5 million, according to the J.P. King Auction Company’s website. As of Thursday morning, there weren’t any bids on the land, which is across the street from Mandalay Bay and near a proposed expansion site of the Boring Company’s Vegas loop.