1451 Nv-160Pahrump, NV 89048

Property Details for 1451 Nv-160

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 6.5-acre parcel of land presents a remarkable investment opportunity in the thriving town of Pahrump, Nevada. Located at 1451 NV-160, this strategically positioned property offers significant potential for diverse commercial and residential development. The land is priced at $3,500,000, translating to a land value of $13 per square foot. Its prime location less than one mile from the intersection of Highways 160 and 372 ensures high visibility and accessibility. Pahrump's robust growth trajectory is evident in recent development trends. Data indicates a substantial increase in residential building permits issued between 2020 and 2021, followed by record-breaking commercial development in 2021-2022. Further bolstering the property's appeal, the Nevada Department of Transportation reported a 16.7% year-over-year increase in traffic flow to and from Las Vegas via Highway 160 following a recent widening project. This surge in traffic translates to increased visibility and accessibility for any development on this site. Utilities, including water and power, are readily available. The property's mixed-use zoning allows for a variety of development options, including hotels, multi-family residential projects, and various commercial ventures. The APN is 35-571-09. This is an ideal opportunity to capitalize on Pahrump's dynamic growth and create a significant return on investment.

Location Insight

City

Pahrump

County

Nye

State

Nevada

Latitude

36.1983

Longitude

-115.971

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