BLM sells 160 acres netting $23.84 million for projects in Nevada
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Las Vegas --The Bureau of Land Management (BLM) today sold 160 acres in 24 parcels for $23,840,000 during a competitive-public-land sale. The agency offered 440 acres, in 28 parcels, under the Southern Nevada Public Land Management Act (SNPLMA).
The parcels offered for sale varied in size from 2.5 acres to 250 acres. The 28 parcels offered appraised at a fair market value (FMV) of $25,283,000. The largest parcel to receive a bid, 20 acres, sold for $2.1 million at FMV. Four parcels, including the 250-acre largest parcel, received no bids.
BLM Number Size (Acres) Appraised Value ($) Sale Price ($)
N-78190 2.50 $490,000 $660,000
N-91783 5.00 $830,000 $830,000
N-91794 10.00 $1,050,000 $1,050,000
N-91795 3.75 $300,000 $370,000
N-81899 2.50 $200,000 $200,000
N-91796 10.00 $1,050,000 $1,050,000
N-91797 17.50 $1,840,000 $1,950,000
N-91786 10.00 $1,100,000 $2,100,000
N-91806 2.50 $465,000 $650,000
N-91807 20.00 $2,100,000 $2,100,000
N-91808 7.50 $790,000 $1,050,000
N-91787 2.50 $200,000 $330,000
N-91809 5.00 $525,000 $525,000
N-91788 2.50 $225,000 $225,000
N-91789 5.00 $815,000 $1,300,000
N-91810 10.00 $1,050,000 $1,050,000
N-91812 12.50 $1,310,000 No Bids
N-91782 2.08 $108,000 $210,000
N-91815 3.15 $135,000 $205,000
N-79534 16.25 $1,415,000 $2,400,000
N-91790 2.50 $250,000 $730,000
N-91791 5.00 $600,000 $1,250,000
N-91793 7.50 $750,000 $2,200,000
N-91792 2.50 $290,000 $335,000
N-91827 2.50 $235,000 No Bids
N-91844 5.00 $1,070,000 $1,070,000
N-91842 17.50 $3,500,000 No Bids
N-91124 247.59 $2,590,000 No Bids
Total Acres Available Total Appraised Value Total Sale Price
440.32 $25,283,000 $25,283,000
Total Acres Sold Total Appraised Value Full Purchase Price
160.23 $17,648,000 $23,840,000
The successful bidders are required to pay 20 percent of the bid by 3:00 p.m. on the day of the sale. The remainder of the bid is due within 180 days.
In accordance with the SNPLMA, monies 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.