Perfect lot for real estate development

Price
$471,900
Price/M² land
$31.20
Lot Size in m²
15123.49

Perfect lot for real estate development

Category

Land and farms

Published

12/01/2024

Location

Carretera Sur

Price

$471,900

Price/M² of land

$31.20

Benefits

Near School
Near Transit
Mountain View
Plane
Water system
Electrïcity
Easy Acces

Property

This lot is perfect for real estate development in the area where the most pleasant climate of Managua prevails, represents an excellent investment opportunity to build several houses in a pleasant area, adjacent to exclusive and high-value residential areas, just steps and minutes away from schools, supermarkets, convenience stores, banks, gas stations and other commercial premises.

This property, with excellent land for the development of homes for the middle class population, has a total area of 21,451.38 vrs2 (15,123.49 mts2 or 2.142 Mzs), with easy access to the highway and only 150 mts from the German Nicaraguan College, School of Primary ().

This perfect lot for real estate development has only one access and its main path is asphalt throughout its journey, then it is packed with a very good dirt road all the time and for only 150 mts.

The topography is mostly flat, with light slopes in minimal areas, connection of drinking water and electricity, of privileged and pleasant climate most of the time, located in a safe area and with legal documentation in order, which was recently updated.

This perfect lot for real estate development has unique characteristics for the development of housing aimed at the middle class population. Its privileged and total surface location generates a great value for real estate development with Condominium ( Horizontal Regimen) or Fruiting format, for both cases a closed and exclusive community, with individual sales values in a range from $150,000 to $200,000 USD.

Real estate investment opportunities do not occur frequently and the current value of this property and with high profitability in time, is one of those that is worth taking the right decision, as the investment by square rod is $22.00 (negotiable).

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