Pechstein Ranch
1371 N LINDA ST PAHRUMP, NV 89060
Pahrump, NV 89060
Highlights
- Prior planned project for 305 homesites
- Significant engineering and planning have been performed, which could accelerate due diligence
- Strong parcel for land banking or nearer term development plans
- Has meaningful relative value to Las Vegas area parcels
- 728.25 Acre Feet of water rights
Description
The offering consists of a development plan for 444.4 contiguous acres and was designed and engineered as a private gated community with 305 homesites. These homesites are larger than typical, providing owners with a semi-rural lifestyle and opportunities to plan a variety of uses, including equestrian. This is a distinction with a majority of Nye and Clark County masterplans. A developer could consider the market for larger homesites or attempt an entitlement for a higher density after closing. To re-initiate a project, a developer could utilize the much of the prior planning and engineering materials and accelerate due diligence.
Presently, the land is presently leased to a farming operation, and the water rights are kept in good standing.
For a detailed picture of the asset and Pahrump, please see this website:
https://storymaps.arcgis.com/stories/463e7cf8b45d42fb88e771f9ed6d8209
Situated in the scenic town of Pahrump, NV, this project is large enough to capture some economies of scale in land development. Pahrump is just 63 miles from Las Vegas and is considered an alternative to Las Vegas for Southern Nevada living. Pahrump hosts the Spring Mountain Motorsports Ranch, which is well regarded by automotive enthusiasts. Pahrump is home to a high proportion of retirees but also for employed individuals whose workplace is in Nye County or Clark County by commute.
