2541 E Lorraine Way

Description

This amazing 4 parcel property has incredible value as both an agricultural property and residential subdivision. The sale comes with 25 acre feet of water rights = 8,146,000 gallons to be used every year! Free! This sales consists of 4 parcels on a culdesac. Previously developed as an agricultural property with in ground irrigation for an orchard and alfalfa field. If utilized as four residential parcels, each homesite requires only 2 acre feet of water which leaves a remainder of 17 acre feet. The extra water rights can be sold separately for an approx. value of $7000/acre foot = $119,000. There is electric to the operable well which is housed in a well house. Convenient location on the south side of Pahrump with a paved road.