Fred, Other/Just Looking in Las Vegas, NV

regarding property that i just purchased

Asked by Fred, Las Vegas, NV Mon Sep 3, 2007

I BOUGHT 3.75 ACRES IN MEADVIEW AZ. WHAT I NEED TO KNOW IS IS THERE ANY DEVELOPMENT BY LUCKY DR AND SHORE AVE. IS IT WORTHWHILE FOR ME TO SIT ON IT OR SELL IT ?PLEASE ADVISE THANX FRED

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7
Good answer Jennifer,

"IS IT WORTHWHILE FOR ME TO SIT ON IT OR SELL IT ?"
I believe that you need to contact a land broker, and or a commercial Realtor in that area, for your best advise.
1 vote Thank Flag Link Tue Sep 4, 2007
Mr.P, Other/Just Looking in Arizona
MVP'08
Fred... I advise contacting the land development department at a major title company in your area. They have the inside line on all property developments and are a resource for local builders.
1 vote Thank Flag Link Mon Sep 3, 2007
In 10 years, you'll get 140% of your buying price today. Market is currently slow and won't recover until then.
Sorry, real estate is long term, and vacant land can grow a beard without development of your own.
0 votes Thank Flag Link Tue Aug 17, 2010
PS. If you want to research as Jennifer suggested . . . call First American Title in Kingman who handles a lot of business in Meadview.
0 votes Thank Flag Link Thu Jul 15, 2010
Hi Fred. I'm a (CRE) broker but I ALSO own several acres in Meadview (on Pierce Ferry and in MCA 9)
The Hoover Dam Bypass is nearing completion, after some delays . . . also the Hualapai Valley Solar project is just southeast of Meadview.
http://hualapaivalleysolar.com/
I'm sitting on my properties until after those things are completed/well under way. ETA on the Bypass completion is later this year.
YMMV, but right now values are way down out there and it's a much better time to buy than sell . . .
0 votes Thank Flag Link Thu Jul 15, 2010
With the market the way it is right now, I'd advise sitting on it.
0 votes Thank Flag Link Thu Oct 11, 2007
Thats a real good advise Jennifer I will remember that, I also think
Your best bet is to contact a commercial Realtor or two in that area.
Good luck
0 votes Thank Flag Link Mon Sep 3, 2007
Mr.P, Other/Just Looking in Arizona
MVP'08
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