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.
Source: U.S. Department of the Interior, Bureau of Land Management
