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Agricultural Mineral Rights
Interstate 15, Jean, NV 89019
I-15/Nevada Landing Casino Location
Last Verified 1/9/2008
Listing ID 13901626
Highlights
1031 funds acceptable- qualified funds, IRA, 401-K acceptable
- use 1031 on the sale of these claims
- little fees, no property tax
- receive a recorded transferable deed, no debt
Description
Just south of Las Vegas/Henderson, 120 acres of recorded mineral claims. This land may be auctioned by Bureau of Land Management for development in the future. Recent auctions brought $298,000/acre for BLM land. Claim holders' rights must be compensated for the mineral value. Past mineral claims value have yielded up to 50% of land value for the mineral value. Purchase price for mineral claims today is $22,000 per acre. Qualifies for 1031 Exchange and qualifies for 401-K and IRA funds. Purchaser receives a recorded, transferable deed. This is not a stock, not leveraged with debt, and not a partnership interest. 60+ minerals have been located and proven including iron, magnesium, calcium and the ten minerals necessary for plant growth. The Minerals sell as soil amendment & reduce the amount of water necessary for plants. They are applied in solution or in pelletized form.
Mineral claims near Las Vegas/Henderson are on BLM land on west side of Interstate 15 Ivanpah corridor running south from Sloan to Jean, Nevada. This is an excellent site for development and may be auctioned by the BLM in the future. 7,000 people each month continue to relocate to the Las Vegas/Henderson area, and there is little land left. So Congress in 1998 passed the Southern Nevada Land Management Act of 1998 requiring the BLM to auction off roughly 3000 acres each 6 months to meet the need for developers to have land to develop. The best land has gone for $298,000 per acre at the last auction. The land is always auctioned off "subject to" the existing rights. Perfected and recorded mineral claims are existing rights and historically have received as much as 50% of the land value. For example, if the land sells for $300,000 per acre, the the mineral claim holder may receive 50% or $150,000 per acre. One needs to do one's own due diligence to evaluate this opportunity.
Map of Interstate 15, Jean, NV 89019
Created 4/15/2004
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO