Land for sale in Pueblo Nuevo, 800m2

Description

Location: Cativo Street, Pueblo Nuevo
Size: 800 m²
Zoning: MP-REC1
Property features:
• Rectangular-shaped lot
• 20-meter frontage and 40-meter depth
• Topography with an upward slope toward the rear
• Frontage on a concrete street
• Potential for multi-family residential development with the possibility of incorporating a commercial component, subject to applicable zoning regulations
• Due to its combination of size, frontage, and location, it offers potential for projects such as apartments, offices, retail spaces, medical offices, professional services, or mixed-use developments
• The residential component allows for single-family homes, two-family homes, and apartment buildings
• For apartment projects, applicable regulations establish a minimum lot size of 600 m²
• Minimum frontage of 20 meters required for new projects under the specified residential regulations
• For residential use, regulations allow for a ground floor plus four upper floors
• Low-intensity commercial regulations allow for commercial activities, offices, and general services, in accordance with applicable provisions
• Strategically located for investors and developers seeking a site within the city

Commercial potential:
According to the regulations cited in the appraisal, the low-intensity commercial component allows for various activities, including:
• Offices and professional services
• Medical offices and care centers
• Pharmacies
• Restaurants and cafes
• Supermarkets and convenience stores
• Gyms
• Beauty salons and barbershops
• Bookstores and retail shops
• Corporate and administrative services
• Other low-intensity establishments permitted under current regulations

Area amenities and connectivity:
• Approximately a 5-minute drive from the Pueblo Nuevo Metro station and the Gran Estación San Miguelito
• Easy connection to Vía España
• Quick access to Avenida Transístmica • Connectivity to Vía Ricardo J. Alfaro (Tumba Muerto)
• Close to supermarkets, banks, pharmacies, schools, and various businesses
• Access to public transportation
• Area with residential and commercial activity
• High volume of vehicular and pedestrian traffic in the vicinity
• Central location with connections to various parts of the city

Appraised Value: $340,000
Forced Sale Value: $300,000

Auction Sale Price: $170,000
Price per m²: $212.50