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Carrer Formentera, 5 0.14 Acres of Residential Land Offered at $343,367 in Bellreguard, Valencia 46713
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Investment Highlights
- Excellent location.
- Possibility to build 5 above-ground floors.
Executive Summary
Surface area: 550 m² with a maximum buildable area of 880 m².
The applicable zoning regulation is intensive multi-family residential. Buildability: 1.6 m²/m², heights: 5 floors (15 meters).
Setback requirements: 5 meters from the street and 4 meters from other boundaries. There is a possibility to reduce the setbacks to 3 and 2 meters, respectively, to maximize the allowable development potential.
Property Facts
| Price | $343,367 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.14 AC |
| Property Type | Land |
| Price | $343,367 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.14 AC |
1 Lot Available
Lot
| Price | $343,367 | Lot Size | 0.14 AC |
| Price Per AC | $2,526,542.85 |
| Price | $343,367 |
| Price Per AC | $2,526,542.85 |
| Lot Size | 0.14 AC |
Plot located in the Bellreguard beach area. It has a surface area of 550 m² and a maximum buildable area of 880 m². The applicable zoning regulation is intensive multi-family residential.
Description
Plot located in the Bellreguard beach area, specifically on Formentera Street. Surface area: 550 m² with a maximum buildable area of 880 m². The applicable zoning regulation is intensive multi-family residential. Buildability: 1.6 m²/m², heights: 5 floors (15 meters). Setback requirements: 5 meters from the street and 4 meters from other boundaries. There is a possibility to reduce the setbacks to 3 and 2 meters, respectively, to maximize the allowable development potential.
Presented by
Carrer Formentera, 5
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