The purchase marks the latest real estate transaction for the Raiders, whose owner, Mark Davis, has assembled a big portfolio of properties in the valley.
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The Raiders bought a small property across from Allegiant Stadium for a big sum, picking up real estate previously eyed for a hotel.
Diversified Partners founder Walt Brown Jr. sold a 1.8-acre parcel for $12.5 million, a few months after he bought it.
The area around the Raiders stadium may not be the best or easiest place to build a big project or open a retail business.
The $1.84 billion stadium project about a mile west of Las Vegas Boulevard, was dumb luck for nearby landlords. A few bought property right across from the stadium site as recently as 2015 — two years before the football team purchased its land — and others have owned parcels much longer.