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Avenida de los Canteros 0.11 Acres of Residential Land Offered at $369,106 in El Boalo, Madrid 28412



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Investment Highlights
- Plot of 429 m2 with use of 492 m2.
- Current building to demolish and fenced plot.
- Forecast of 7 homes with garage.
- Central location in a residential environment of Cerceda.
Executive Summary
The property includes an urban planning report, indicating an approximate building potential of 492 m², suitable for the construction of an estimated total of 7 housing units, including the corresponding parking spaces. The zoning allows for development across two floors plus an attic, enabling a small-scale residential project.
Currently, the plot contains a structure intended for residential use that is in a state requiring demolition. The land is fenced around its perimeter, facilitating the clear definition of the area for development.
The location is integrated into the urban core, in a quiet area close to the town center, accessible within a few minutes on foot, with available services and residential activity nearby.
Due to its characteristics, condition, and level of urban planning definition, the property is well-suited for developers interested in small-scale collective housing projects, optimizing execution times thanks to the pre-existing study on building potential.
Property Facts
| Price | $369,106 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Price | $369,106 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.11 AC |
1 Lot Available
Lot
| Price | $369,106 | Lot Size | 0.11 AC |
| Price Per AC | $3,498,302.02 |
| Price | $369,106 |
| Price Per AC | $3,498,302.02 |
| Lot Size | 0.11 AC |
Plot for residential use located in the municipality of Cerceda, with an area of approximately 429 m2, suitable for the construction of an estimated set of 7 houses, including the corresponding parking spaces.
Description
Plot for residential use located in the municipality of Cerceda, with an area of approximately 429 m2, intended for real estate development in accordance with the applicable urban parameters. The asset has an urban planning report, contemplating a building development of approximately 492 m2, suitable for the construction of an estimated set of 7 houses, including the corresponding parking spaces. The planning allows execution on two lower floors, configuring a small-scale residential development. On the plot there is currently a building intended for housing in a state to be demolished, and the plot is fenced perimetrically, which makes it easier to delimit the scope of action. The location is integrated into the urban center, in a quiet area close to the center of the town, accessible in a few minutes on foot, with the availability of services and residential activity. Due to its characteristics, state and level of urban definition, the asset is suitable for developers interested in the development of small-format collective housing, optimizing execution times by having a previous use study.
Presented by
Avenida de los Canteros
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