2.27 Acres in Montello, NV - $7,700

* Dual zoning for both agricultural and residential use offers maximum flexibility for future development scenarios.

* Mobile home and RV placement permitted, allowing for immediate income generation through alternative housing options.

* Excellent potential for recreational development, including camping facilities, capitalizing on Nevada's growing outdoor tourism market.

* Strategic location in Elko County positions the property to benefit from regional economic growth and development.

Property Details:

APN: PF 011-108-090

Size: 2.27 acres

Location: Elko County, Nevada

Subdivision: Sunland Acres 4

Possible Uses: Residential development, agriculture, RVs, mobile homes, camping, ATVs

Nearby Attractions: Wendover Viewpoint; Twin Falls City Park; Window Arch; View Point Tower; Bonneville State Park; Sun Tunnels; The Tree Of Utah; Art Alley; Balanced Rock Park; Legal Graffiti Wall; Herrett Center; And Many More.

Purchase Information:

$99 Down, $249 Doc, $140/month for 70 months

From an investment perspective, this property stands out for its multiple value-generating potential. The dual agricultural and residential zoning provides exceptional flexibility for future development, allowing investors to adapt to market demands and maximize returns. Whether developing for residential use, agricultural purposes, or recreational facilities, this property offers numerous paths to value appreciation.

The property's location in the foothills, combined with its impressive mountain views, positions it well for future value appreciation. As developable land with mountain views becomes increasingly scarce in Nevada, properties like this one typically command premium values. The elevated position and natural slope of the land create opportunities for terraced development that could maximize these views, potentially increasing property value.

A significant advantage for investors is the availability of an adjacent parcel. This presents opportunities for land assembly, potentially enabling larger-scale development projects or providing additional flexibility in development planning. Land assembly strategies often lead to enhanced property values, as larger parcels typically command premium prices per acre and offer more development options.

The direct road access represents another valuable asset, eliminating the need for costly access development and ensuring year-round accessibility. This feature is particularly important for commercial agricultural operations, residential development, or recreational uses, all of which require reliable transportation access.

While the current vegetation status is unknown, this actually presents an opportunity for investors. The ability to start with a relatively blank canvas allows for strategic planning of landscaping and development that aligns with the highest and best use of the property. This flexibility can be particularly valuable when planning for specific target markets or development types.

The property's agricultural zoning opens up numerous possibilities for commercial farming, ranching, or agribusiness ventures. As food security and local agriculture gain importance, agricultural land in accessible locations often appreciates in value. The agricultural designation also typically comes with tax advantages that savvy investors can leverage.

The residential zoning component adds another layer of investment potential. The property can be developed for traditional single-family homes, or, importantly, it's suitable for mobile homes and RV placement. This flexibility allows investors to respond to various market demands and potentially generate faster returns through alternative housing options.

The suitability for mobile homes and RVs is particularly noteworthy from an investment standpoint. With housing affordability becoming an increasingly important issue, properties that can accommodate alternative housing options often see strong demand. The ability to quickly set up mobile homes or create RV spaces could provide relatively quick income generation while maintaining longer-term development options.

The property's potential for camping development aligns well with the growing outdoor recreation and tourism industry in Nevada. Creating a camping facility could provide steady income while requiring relatively low initial investment. This could be particularly attractive as a phased development strategy, generating income while holding the property for longer-term appreciation.

From a market perspective, Elko County continues to show promise for real estate investors. The region's diverse economy, supported by mining, agriculture, and tourism, provides multiple drivers for property value appreciation. The county's pro-business environment and reasonable regulations make it attractive for various development projects.

The 2.27-acre size is particularly attractive from an investment standpoint. It's large enough to accommodate various development scenarios while remaining manageable in terms of carrying costs and maintenance requirements. This size also hits a sweet spot in terms of market demand, being suitable for both individual users and small-scale commercial development.

Looking at longer-term potential, several factors support the investment thesis for this property. Nevada's population growth, combined with increasing demand for rural properties with recreational potential, suggests continued appreciation potential. The property's multiple use options provide flexibility to adapt to changing market conditions and maximize returns.

The sloped terrain, while requiring some additional consideration for development, can actually enhance property value. Skilled development can utilize the natural topography to create distinctive features, maximize views, and potentially command premium prices. The slope also provides natural drainage, potentially reducing development costs.

For investors considering phased development, the property offers excellent flexibility. Initial uses such as mobile home placement or RV spaces could generate income while holding the property for future development. The agricultural zoning allows for interim agricultural uses that could provide tax benefits during the holding period.

The property's combination of features - mountain views, foothill location, dual zoning, and development flexibility - creates multiple paths to value appreciation. Whether through immediate development, phased implementation, or long-term land banking, investors have various strategies available to maximize returns.

This 2.27-acre parcel represents a strategic investment opportunity in one of Nevada's promising markets. The combination of location, zoning flexibility, and development potential positions this property well for both current income generation and long-term appreciation. For investors seeking to diversify their real estate portfolio with raw land that offers multiple value-generating options, this Elko County property warrants serious consideration.