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$ 265,000
Est. payment /mo
Active
SR-103 KM 11.9 INT BOQUERON WARD Cabo Rojo, PR 00623
5 Acres Lot
UPDATED:
11/06/2024 10:02 AM
Key Details
Property Type Vacant Land
Sub Type Agricultural
Listing Status Active
Purchase Type For Sale
MLS Listing ID PR9109897
HOA Y/N No
Originating Board Stellar MLS
Lot Size 5.000 Acres
Acres 5.0
Lot Dimensions 264 X 111
Property Description
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.
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.
Location
State PR
County Cabo Rojo
Zoning AR-1
Exterior
Utilities Available Electrical Nearby, Water Nearby
Building
Lot Size Range 5 to less than 10
Sewer None
Water None
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by EDDIE NIEVES SANTIAGO