Residential Land for Development in Toa Alta

This 23-acres vacant land parcel is specifically located west of phase II of the Ciudad Jardín residential subdivision, north of and across Las Cumbres Avenue from the Portobello residential subdivision, and about one third (1/3) of a mile east from the boundary limits with the Bayamón Municipality. As such, the Property is mainly influenced by the economics of the Bayamón Municipality, benefitting from a densely-populated neighborhood with excellent access routes and good supporting commercial and institutional uses.

The Property was once approved for the development of a single-family residential subdivision to comprise 135 units of 1,862 square feet of gross living area (GLA) each, on sites of approximately 450 square meters. All main basic utilities and infrastructure needed for the future development of the Property are present in the vicinity, some of which were built as part of the development of the adjacent/bounding phase II of the Ciudad Jardín residential subdivision.

Highlights:

• Asking Price: $2,000,000 or Best Offer
• Property tax ids: 112-000-004-60-000 & 112-000-004-08-000
• Land Area: 93,776.35 Square Meters equivalent to 23.86 cuerdas and/or 23.17 acres
• Annual Property Tax Expense: $876.94
• Zoning: R-I (Medium-Density Residential)
• Permits: Once approved for the development of a single-family residential subdivision to comprise 135 units of 1,862 square feet of gross living area (GLA) each, on sites of approximately 450 square meters (currently expired)
• Utilities/Infrastructure: All present in the vicinity, some of which were built as part of the development of the adjacent/bounding phase II of the Ciudad Jardín residential subdivision.
• Flood Zone: X (non-floodable area)
• Coordinates: Lat: 18.3696500, Lon: -66.2058018
• Topography: Mostly level, at grade with access street.

View Property Video