1100-Acre Master Plan Proposed in Tonopah

Credit: Vermaland

By Vermaland

Vermaland is developing Verma Vistas III, an 1100-acre master planned community in Tonopah. Properties of this size are very difficult to come by, so this makes the parcel the largest piece of privately owned land in the area.

Vermaland acquired this parcel at 427th Avenue and Narramore Road due to its strategic location. Mountain ranges three miles south of the property offer spectacular views. Other properties in the area that are 100 acres or more have been developed into solar farms by large energy companies. A number of one-acre residential lots can also be found in the area. Unfinished one-acre lots are in high demand in this part of Tonopah, with the average selling price being $50,000 per acre.

The plans include 2,500 single-family homes, 500 multifamily units, and commercial and industrial complexes. Once the zoning is finished, Verma plans to either sell or partner with a builder to develop the community. (Source)

 

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