Land Sale Generates Almost $25 Million for Projects

Organization:

BLM

BLM Office:

Southern Nevada District Office

Media Contact:

Las Vegas --The Bureau of Land Management (BLM) today sold 135 acres in12 parcels for $24,903,000 during a competitive public land sale. The agency offered 182.93 acres, in 16 parcels, under the Southern Nevada Public Land Management Act (SNPLMA).  Parcels offered for sale varied in size from 1.25 to 37.5 acres and were located in the Las Vegas Valley.

 

Successful bidders included:

Location

Size

Fair Market Value

Purchase Price

Successful Bidder

Parcel Number

Torino & Santa Margarita

12.5 acres

$1,562,500

$2,400,000

American West Development

N-94534

Ford & Redwood

5 acres

$625,000

$730,000

American West Development

N-94535

Torino & Santa Margarita

2.5 acres

$312,000

$312,000

American West Development

N-94536

Ford & Buffalo

2.5 acres

$325,000

$325,000

American West Development

N-94537

Meranto & Grand Canyon

10 acres

$2,850,000

$2,850,000

Lewis Development of Nevada, LLC

N-94538

Warbonnet Way & Pebble

25 acres

$2,500,000

$3,510,000

Haikal Exemption Trust

N-94539

Oleta & Tenaya

2.5 acres

$500,000

$560,000

Riaz Rohani

N-94540

Oleta & Tenaya

2.5 acres

$336,000

$336,000

Shahin Park

N-94541

Pebble & Montessouri

37.5 acres

$3,675,000

$5,250,000

American West Development

N-94542

 

Raven & Edmond

1.25 acres

$50,000

$50,000

Luis Guiterrez

N-94544

Cactus & Valley View

30 acres

$3,600,000

$8,000,000

Daniel Framer

N-94550

Roban & Las Vegas Blvd.

3.75 acres

$525,000

$580,000

Allen Benyamin and Enayat Abrishami

N-94551

All successful bidders paid the required 20 percent of the bid by 3 p.m. today. The remainder of the bid is due within 180 days (May 29, 2017.)

In accordance with the joint selection process, unsold parcels must be renominated for consideration at future land sales by the local government. 

In accordance with the SNPLMA, funds generated from the sale of public land may be used for specific purposes including parks, trails, and natural areas; capital improvements, conservation initiatives; and for the purchase of environmentally sensitive lands. Additionally, 10 percent of the funds will go to the Southern Nevada Water Authority, and five percent will go to the Nevada State General Education Fund.


The BLM manages more than 245 million acres of public land located primarily in 12 western states, including Alaska, on behalf of the American people. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. Our mission is to sustain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations.