SR-103 KM 11.9 INT BOQUERON WARD, Cabo Rojo, PR 00623

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Alina Pekarsky

alina@vhrfl.com +1(386) 569-5383

$265,000

Est. payment - /mo

5 Acres Lot

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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.

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

Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9109897

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Listed by EDDIE NIEVES SANTIAGO

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Alina Pekarsky

+1(386) 569-5383

Broker | BKBK3118291

Broker BKBK3118291

SR-103 KM 11.9 INT BOQUERON WARD Cabo Rojo, PR 00623

Alina Pekarsky

Key Details

Location

Exterior

Building

Others

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