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Lot/land
  • $265,000

    State Route 103 Km #11.9, Cabo Rojo, PR 00623

    --beds
    0baths
    5Acres
    Unimproved Land
    Built in ----
    5 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Rural locationRectangular shapeVersatile lot
    Property Overview: This exceptional vacant lot, located at PR-103 Km 11.9 in Boquerón Ward, Cabo Rojo, Puerto Rico, encompasses approximately 19,651.95 square meters, equivalent to 5.00 cuerdas. The property’s accessible, rural location offers both privacy and convenience, as it sits near essential services, schools, shopping centers, recreational facilities, and main highways. Key Features:Land Area: 19,651.95 sq. meters (approx. 5.00 cuerdas) Zoning: AR-1 (Agricultural Reserve) – designated for agricultural use, limiting non-agricultural developments and preserving the land's natural resources. Topography: Level, with rectangular shape, enhancing ease of use and potential for various applications within agricultural or rural residential use. Accessibility: Main access through PR-103, a well-connected route in Cabo Rojo's Boquerón Ward. Utilities: The property is positioned for utility access, including electricity via LUMA Energy and water through AAA, though connections are not yet established. Environmental and Market Considerations: The lot is situated outside FEMA-designated flood zones (Zone X) and is free of known adverse environmental factors. The appraisal considers recent comparable land sales in nearby rural areas, with values adjusted based on size, zoning, and market demand. The most comparable recent sales suggest a market value of approximately $53,000 each acre (cuerda), totaling an estimated property value of $265,000 as of October 7, 2023./ Marketability: Given its strategic location and zoning, the property is well-suited for agricultural development or residential projects that align with the rural zoning restrictions. The appraisal notes a marketing time of over six months, appropriate for rural land in this market, and the demand is expected to be stable, aligning with similar properties in Cabo Rojo./ Final Note : This property offers a unique investment opportunity within Cabo Rojo's desirable Boquerón Ward, combining rural charm with convenient access to urban amenities. Its zoning and location present a rare chance to secure a large, versatile lot in an agriculturally reserved area, ideal for buyers prioritizing land preservation and strategic investment potential.
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    Zillow last checked: 7 hours ago

    Listing updated: November 06, 2024 at 12:26am

    Listing Provided by:

    Eddie Nieves Santiago 787-307-6673,

    EDDIE NIEVES SANTIAGO 787-307-6673

    Source: Stellar MLS,MLS#: PR9109897MLS LogoOriginating MLS: Puerto Rico

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Video & virtual tour

    Property

    Lot
    • Size: 5 Acres
    • Dimensions: 264 x 111
    Details
    • Parcel number: 35600000928000
    • Zoning: AR-1
    • Special conditions: None

    Utilities & green energy

    • Sewer: None
    • Water: None
    • Utilities for property: Electrical Nearby, Water Nearby

    Community & HOA

    HOA
    • Pet fee: $0 monthly
    Location
    • Region: Cabo Rojo

    Financial & listing details

    • Date on market: 11/5/2024
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Road surface type: Gravel
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