20-03-2025
BLM auction brings $16 million for 8 parcels across Las Vegas valley
LAS VEGAS (KLAS) — An auction of eight parcels of land totaling 41.85 acres in the Las Vegas valley generated $16.57 million, according to a Wednesday announcement from the U.S. Bureau of Land Management (BLM).
The competitive online sale on Tuesday failed to sell two other parcels — 10 acres on the southwest corner of W. La Madre Way at N. Fort Apache Road valued at $4.25 million, and 25 acres along the Northern 215 Beltway valued at $13.05 million. There were no qualifying bids for the two parcels.
The eight parcels that sold were:
2.5 acres near S. Rainbow Boulevard and N. Gomer, valued at $1.3 million (sold at $1.52 million to Haikal Exemption Trust)
2.5 acres at the northwest corner of Roban Avenue and S. Las Vegas Boulevard, valued at $1.045 million (sold at $1.715 million to Haikal Exemption Trust)
12.5 acres east of U.S. 95 along Sun Village Park Drive and Kyle Canyon road, valued at $3.7 million (sold at $3.7 million to Elite Excavating)
6.85 acres along Blue Diamond road between S. Grand Canyon Drive and Hualapai Way, valued at $2.52 million (sold at $2.63 million to Hamid (Henry) Moradi)
5 acres near S. Racetrack Road between Burkholder Boulevard and Venice Avenue, valued at $2 million (sold at $2 million to Beazer homes)
5 acres near S. Racetrack Road between Burkholder Boulevard and Venice Avenue, valued at $1.7 million (sold at $1.7 million to Beazer homes)
2.5 acres north of Blue Diamond Road along S. Buffalo Drive and W. Cougar Avenue, valued at $1 million (sold at $1.24 million to Khusrow Roohani)
2.5 acres near the Northern 215 Beltway at the corner of W. Azure and N. Hualapai Way, valued at $2.07 million (sold at $2.07 million to Haikal Exemption Trust)
The Southern Nevada Public Land Management Act (SNPLMA) allows the BLM to sell public lands within a congressionally designated boundary in the Las Vegas Valley.
Proceeds from the sale are split three ways, with 85% going to projects throughout the state such as the development of parks, trails, natural areas, capital improvements on federal lands, acquisition of environmentally sensitive land, hazardous fuels reduction, and landscape restoration projects. Another 5% goes to the state education budget and 10% goes to the Southern Nevada Water Authority.
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