A shuttered motel on the Las Vegas Strip is up for auction again, this time at a lower price.
The closed Diamond Inn Motel property across from the Mandalay Bay Convention Center is available to purchase through an online auction. The minimum bid is $10 million, and the auction closes Oct. 16.
Known for its pink elephant out front, the low-slung Diamond Inn was built in 1940, making it one of the oldest buildings still standing on the Strip, and occupies a nearly 1.4-acre parcel on the south edge of the famed casino corridor.
Marketing materials describe the site as a prime redevelopment spot, with potential for a resort, luxury high-rise or entertainment venue.
