Guaynabo Land for Residential Development

Property Description

This offering refers to 2 remnant tracts of the original Valle Escondido master planned residential project, physically adjacent-bounding to each other, but legally independent, and comprising a grouped total land area of 106.0039 cuerdas and/or 102.95 acres. The 2 tracts along with other neighboring vacant parcels were once intended to be developed into a residential development that was to be known Palmares de Guaynabo and was to comprise over 900 units.

Single family dwellings within Finca Elena development are currently trading in the $605,000 to $970,000 range, while the single family dwellings within Valle Escondido are currently trading in the general $600,000 to $1,725,000 range. With minimal new construction of residential units within the San Juan Metro Area, a very strong demand for new housing, and rapidly increasing residential values, this property has enormous upside potential for developers.

Location Description
The general neighborhood represents Guaynabo Municipality's urban expansion to the south, spearheaded by the development of Finca Elena residential project and the extension of State Road PR-834. Located just 5 to 7 minutes south of the off-ramp from Martínez Nadal Expressway (State Road PR-20), this location offers the tranquility of living surrounded by beautiful green mountains away from the city, but at the same time, at a short drive from all the amenities of the Metropolitan Area.

Highlights

• Sales Price: Undisclosed - subject to offers
• Land Area: 106.0039 cuerdas, equivalent to 102.95 acres
• Tax Code (CRIM) #'s: 171-000-001-62-000 and 171-003-916-02-000
• Zoning: R-I (Medium-Density Residential) and CR-3 (Conservation)
• Flood Classification: X (no risk) per FEMA flood map no. 72000C0740J
• Topography: Level to sloping/hilly
• Coordinates: Lat: 18.30627648, Lon: -66.11396327