24 Residential Lots

Land Description

24 Residential Lots | 42K VPD | 10% Pop Growth.

Marketplace Online Auction | September 12-14, 2022

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Investment Highlights

24 Residential Lots in Kingman, Arizona - Approximately 100 Miles SE of Las Vegas

Dense Demographics with 5-Mile Population of ±31,510 and Annual Household Income of ±$65,007

14.21% Population Growth from 2000-2022 and 10.76% Growth Projected from 2022-2027 (5-Mile Radius)

Median Kingman Home Listing Price is ±$275,079

Adjacent to High Traffic Intersection of I-40 (±42,316 Vpd) and Beale Street (±18,387 Vpd) with Convenient Access to Area Amenities

First Bid Meets Reserve.

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present 24 residential land parcels located adjacent to 946 W Beale Street (the “Assemblage”) in Kingman, Arizona. The Property offers an exceptional investment opportunity via development and first bid meets reserve.

The assemblage consists of 24 parcels ranging in size from 0.07 AC (3,049 SF) to 1.57 AC (68,389 Sf). The parcels are zoned R-1-6, with permitted uses including single-family with a minimum lot size of 6,000 SF. Homes for sale in Kingman have a median listing price of $275,079 offering developers significant value enhancement opportunities through development of the parcels. Additionally, since these parcels will sell significantly below land value, investors/developers are also afforded with additional value-add through strategic individual resale of the parcels.

Kingman is a city and county seat of Mojave County in Arizona. Kingman is located approximately 100 miles southeast of Las Vegas and 180 miles northwest of Phoenix. As of 2022, the Property's demographics have ±31,510 individuals residing within a 5-mile radius, with an average household income of ±$65,007. The Property is located within a high growth area and the population has increased 14.21% since 2000 with an anticipated 10.76% growth expected from 2022-2027 within five miles of the Property.

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Lamar P. Fisher

Fisher Auction Company Inc.