1201 Irene StPahrump, NV 89060

Property Details for 1201 Irene St

Lot size

2.10 AC

Zone code

LI

Property type

Industrial land

APN

038-081-02

APU

3808102

Description

This exceptional 4.2-acre parcel of land presents a compelling investment opportunity in the thriving Pahrump, Nevada market. Located at 1201 E Irene St, Pahrump, NV 89060, this property is zoned for Light Industrial use, offering significant potential for a variety of commercial ventures. The expansive lot size provides ample space for development, allowing for flexibility in design and construction. The property's central location within Pahrump ensures convenient access to transportation routes and essential amenities, making it an attractive option for businesses seeking a strategic foothold in the region. The asking price for this exceptional property is $180,000. The property's APN is 38-081-02 & 38-081-03. This is a rare opportunity to acquire a substantial piece of Light Industrial zoned land in a rapidly growing area. Don't miss out on this chance to secure a valuable asset with significant long-term growth potential. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $64,546,700

  6.5%

  $59,581,600

  7%

  $55,325,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,323,500

  Geo Method

  $29,323,500

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $31,064,900

  Mixed-Use / Specialty

  $31,357,500

  Hospitality / Lodging

  $23,531,100

  Office

  $31,591,300

  Institutional / Educational

  $32,743,300

  Residential Income

  $38,309,700

  Multifamily

  $43,710,700

  Automotive / Energy

  $28,065,700

  Parking / Income-Based Land

  $9,286,670

  Restaurant / Food Service

  $17,170,000

  Healthcare / Senior Housing

  $31,743,000

Location Insight

City

Pahrump

County

Nye

State

Nevada

Latitude

36.2339

Longitude

-115.993

CBSA code

37220

CBSA name

PAHRUMP, NV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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