± 157 acres with ± 560 acre-feet of water rights located in ......± 157 acres with ± 560...
TRANSCRIPT
± 157 Acres with ± 560 Acre-Feet of Water RightsLocated in the heart of Pahrump, NV
Extraordinary Residential Development Site
Bill Lenhart 702.365.5200C: 702.275.0036 [email protected]
Rose Marie [email protected]
PROPERTY INFORMATION
Size: ± 157 Acres± 560 Acre-Feet of Water Rights
APN: 027-451-06 thru 13Zoning: ResidentialPLU: Residential
Rose Marie [email protected]
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200C: 702.275.0036 [email protected]
Submarket: PahrumpLocation: Winery Rd & Parsons RdJurisdiction: Nye CountyPrice: $1,500,000
The subject property is located on thesloping hillside of Southern Pahrumpoffering scenic views of the valley.
Owner is a Nevada Real Estate licensee.
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Pahrump Zoning and Master Plan MapsRose Marie [email protected]
Bill Lenhart 702.365.5200C: 702.275.0036 [email protected]
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Nye County Assessor's Parcel MapRose Marie [email protected]
Bill Lenhart 702.365.5200C: 702.275.0036 [email protected]
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Mount Charleston
Las Vegas
Lake Mead National Recreation Area
Pahrump
Proximity Las Vegas – Less than a 1 hour driveRose Marie [email protected]
Bill Lenhart 702.365.5200C: 702.275.0036 [email protected]
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Continued Economic Growth in PahrumpRose Marie [email protected]
Bill Lenhart 702.365.5200C: 702.275.0036 [email protected]
Pahrump’s economy continues to grow and thrive. Since 2014, morethan 450 new business licenses have been issued. New homes are onthe rise as well with more than 225 new home building permits issuedbetween July 2015 and May 2016.1 In the past decade alone, Nye Countyrecords show that developers received approval to build more than17,000 new homes.2 Development seeks to support a staggeringpopulation growth of 300% since 2003.3 Job growth is a healthy 0.84%with a projected figure of 33% over the next decade.4
Pahrump population has grown an astounding 372% since 1990.4
1 – Town of Pahrump 2 – Las Vegas Sun 3 – Nye County 4 – Best Places Photo by Mountain Falls Golf Club
Additionally, Pahrump is just a short drivefrom Death Valley National Park and HooverDam. Check out some of the many amenitiesPahrump has to offer here.
Explore activities, accommodations, and events by visiting the Town of
Pahrump’s website: Pahrump, True Nevada
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Why Pahrump?
Rose Marie [email protected]
Bill Lenhart 702.365.5200C: 702.275.0036 [email protected]
Pahrump has all the amenities of a big city while stillmaintaining its small town charm. Located just an hour west ofLas Vegas, Pahrump serves as a snowbird destination in thewinter and a popular weekend destination for those seekingadventure. Among the activities Pahrump offers include:• Motorsports• Off-road adventures• Wineries• Firearms training• Golf• Jetpacking
Information and photo are courtesy of the Town of Pahrump
Why Now
The recovery of the real estate market has been under realized in secondary markets, until now. Many of the market characteristics that created demand for new homes in Pahrump in the early 2000s are beginning to reoccur and we believe that the time may be appropriate for owners of “Extraordinary Properties” to consider the current market opportunities.
Why Now:Pahrump is characterized as a “secondary market” or “bedroom community” to its primary “feeder market” which is Las Vegas. Consumer demand is driven by value, affordability, and lifestyle. Over the last three years, land prices in Las Vegas have increased to near the Post-Peak highs. As a result, the price of new homes in Las Vegas has increased at a faster rate than household incomes which means that more entry-level home buyers must look outside of Las Vegas to find a home that they can afford.
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Rose Marie [email protected]
Bill Lenhart 702.365.5200C: 702.275.0036 [email protected]
Nevada is Growing
Nevada is the 3rd fastest growing state in country.
Land in Las Vegas is
Supply Constrained
Las Vegas land is supply constrained with an estimated 14 year supply. In addition, much of the remaining developable land is on the perimeter of the valley and it is very expensive to extend the infrastructure required for development.
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Rose Marie [email protected]
Bill Lenhart 702.365.5200C: 702.275.0036 [email protected]