Looking to invest $8m? Buy a town in Nevada

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. Read more.

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