Guaynabo Land for Residential Development - FOR SALE

Описание: 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. 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.