4080 Panhandle Place, Pahrump, NV 89061 - Nye County

Take a look at this great opportunity to own a commercial lot in ever growing Pahrump. This lot has great access off of Route 160 and would be a great investment for future growth as the buildup is encroaching in towards this subdivision.

Pahrump, Nevada is a town located in Nye County, about 60 miles west of Las Vegas. Over recent decades, Pahrump has experienced significant growth and economic development. Here's an overview of the economics and growth of Pahrump:

Economic Overview

Economic Base:

Tourism: Proximity to Las Vegas and attractions like Death Valley National Park drive tourism. Pahrump serves as a convenient stopover for tourists.

Agriculture: Historically, agriculture has been an important part of Pahrump's economy. The fertile land supports vineyards, wineries, and various other crops.

Retail and Services: With the growing population, retail businesses and services have expanded to meet local needs.

Manufacturing and Industry: Light manufacturing and industrial activities also contribute to the local economy.

Employment:

Employment opportunities have diversified with growth in tourism, retail, services, and light industry.

A significant number of residents commute to Las Vegas for work, contributing to the local economy indirectly.

Cost of Living:

Generally lower than in Las Vegas, making it an attractive option for retirees and those seeking affordable living options.

Growth Trends

Population Growth:

Pahrump has seen substantial population growth over the last few decades. As of the 2020 Census, the population was approximately 44,738, showing a notable increase from previous decades.

This growth has been driven by people moving from more expensive areas like Las Vegas and California, seeking lower housing costs and a more relaxed lifestyle.

Housing Market:

Housing development has boomed to accommodate the growing population. Both single-family homes and retirement communities have been expanding.

The real estate market has seen rising property values, although they remain lower than in nearby metropolitan areas.

Infrastructure Development:

Investments have been made in improving local infrastructure, including roads, utilities, and public services.

Healthcare and educational facilities have expanded, improving the quality of life for residents.

Economic Diversification:

Efforts have been made to diversify the local economy beyond tourism and agriculture. This includes promoting Pahrump as a destination for remote workers and attracting new businesses.

Challenges and Opportunities:

Challenges: Water supply and management, sustainable development, and maintaining the small-town feel amid rapid growth.

Opportunities: Continued growth in tourism, potential for renewable energy projects, and expanding the wine industry.

Future Prospects

Sustainable Growth: Emphasis on sustainable growth to ensure resources like water are managed effectively.

Economic Development: Strategies to attract new industries, particularly in renewable energy and technology, leveraging the relatively low cost of land and proximity to Las Vegas.

Quality of Life: Continued improvements in public amenities, healthcare, and education to enhance the quality of life for residents.

Overall, Pahrump, Nevada is a community that has leveraged its proximity to Las Vegas and its own unique attractions to foster economic growth and improve the quality of life for its residents. The town's economic development is supported by a growing population, increasing housing demand, and a diversifying economy.

Don't hesitate on this one, with growth closing in, this lot is sure to increase in value in a short amount time and with seller financing your investment is secure and you can enjoy the appreciation while paying it off slowly. Contact us today for more information.

Seller Financing:

$13950.00 - discounted cash price

or

$1000.00 down and $300.00/Month for 60 months - $15400.00

$10.00 Note service fee/month

$11.67 Property tax/month

Total monthly payment - $321.67/Month

$250.00 - Doc Fee (both cash or financing)

12 months same as cash

No credit check and no interest

No pre-payment penalty

Property Information:

APN: 037-223-08

GPS Center Coordinates: 36.159526, -115.908011

County: Nye County, Nevada

Acreage: 0.37 ac

Legal Description: T21s R54e S4 U.9B B.31 L.8 Calvada Valley 15,997.75Sf

Subdivision: Calvada Valley U.9B

Zoning: Vr-10

Yearly Taxes: $133.77

Nearby Cities:

Las Vegas - 1 hr 3 minutes

Los Angeles - 4 hrs 12 minutes

Reno - 6 hrs 26 minutes