You can buy this Nevada town for $8 million
There’s a desert town in Nevada that could be yours for a cool $8 million.
Cal Nev Ari is a 640-acre town located roughly 60 miles south of Las Vegas. About 350 people live there.
The sale includes the town’s facilities — a casino, restaurant, motel, convenience store and a mobile home park — plus an additional 520 acres that remain undeveloped.
“It’s a very large tract of contiguous land, which is rare in Nevada since the federal government owns 80% of land in the state,” explained listing agent Fred Marik.
There’s been interest from buyers with different business plans, including a marijuana resort, residential buildings and a retirement community.
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Pilots might also be interested in the town. It was an abandoned World War II airstrip for General George Patton and currently has a residential airpark with a dirt runway. Many of the homes have airplane hangars.
“People can walk out of their living room and fly down the taxiway and take off,” said Marik.
The city was founded in 1965 by Nancy Kidwell with her first husband. The 78-year-old founder owns all the businesses in the town and employs around 27 people.
The sale comes with a few stipulations: The airport must remain in business as Kidwell Airport and the town must keep its name for 30 years.
“She is really invested in the town. She built it from scratch with her hands,” said Marik.
Kidwell originally put the town up for sale in 2010 for $17 million, but it went off the market after the Great Recession devastated the state’s real estate market. It went back on the market for the lower asking price in February.