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Listed by Kelvin Garcia Realty
$ 122,000
Est. payment /mo
Price Dropped by $3K
3 BO CORRALES Aguadilla, PR 00603
1,034 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 64739
Lot Size 1,034 Sqft
Property Description
Lot located in the Corrales sector, currently known as the Monte Rey Urbanization in Aguadilla, Puerto Rico, in a quiet residential area with excellent accessibility and proximity to major commercial areas and services. The property is minutes from Highway PR-2, with convenient access to schools, pharmacies, bakeries, supermarkets, gyms, and other businesses, making it a strategic location for both residential development and investment. Its location places it approximately 14 minutes from Rafael Hernández Airport and 13 minutes from Crash Boat Beach, Parterre, and Colón Park, adding value for residential or rental projects. The lot has access to a nearby sanitary sewer system, facilitating future development. Preliminary plans for a four-unit apartment building are included, with each unit approximately 650 square feet. These plans are conceptual and must be submitted by the buyer for evaluation, permits, and approval in accordance with current regulations. The property is zoned Intermediate Residential (RI), allowing for a wide variety of uses that significantly increase its investment value, including: Apartment buildings, Short-term rentals (Airbnb), Bed & Breakfasts, Guest houses, Specialty accommodations, Tiny houses, Multifamily units, Childcare centers, and Light commercial uses (via exception). This flexibility makes the property an excellent option for developers and investors seeking to diversify their strategy, whether through short-term rentals, traditional leasing, or multifamily residential projects. The property is identified by cadastral number 023-090-277-30-000, making it ideal for development in a growing and highly desirable area. The buyer is advised to verify the property's size, zoning, service availability, and development feasibility according to current regulations..
Location
State PR
Community Corrales
Area Corrales
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PMI Puerto Rico
Broker | License ID: E-283