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Zona centro 0.06 Acres of Residential Land Offered at $231,535 in El Vellón, Madrid 28722
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Investment Highlights
- Interesting investment opportunity.
- Residential use, various compatible uses.
Executive Summary
Ref: 2378
Urban plot of 253 m² located in a consolidated urban expansion area, with great potential for residential development. According to the applicable planning regulations, the primary use assigned to the plot is residential in its multifamily, two-family, and single-family forms, allowing for a wide variety of housing projects. In addition, compatible uses include industrial and tertiary activities that are neither disruptive nor incompatible with residential use.
Industrial or commercial activities that generate disturbances or are incompatible with residential life in the area are not permitted. The area features a continuous closed-block urban typology, characterized by multifamily buildings with retail units on the ground floor, reinforcing the mixed residential–commercial character of the neighborhood.
Regarding building conditions, the maximum height for the ground floor is 3.20 meters. Since the plot is located within a Protected Urban Area, the height of any new building must match that of the nearest protected building, allowing for a variation of up to ±0.50 meters.
Urban plot of 253 m² located in a consolidated urban expansion area, with great potential for residential development. According to the applicable planning regulations, the primary use assigned to the plot is residential in its multifamily, two-family, and single-family forms, allowing for a wide variety of housing projects. In addition, compatible uses include industrial and tertiary activities that are neither disruptive nor incompatible with residential use.
Industrial or commercial activities that generate disturbances or are incompatible with residential life in the area are not permitted. The area features a continuous closed-block urban typology, characterized by multifamily buildings with retail units on the ground floor, reinforcing the mixed residential–commercial character of the neighborhood.
Regarding building conditions, the maximum height for the ground floor is 3.20 meters. Since the plot is located within a Protected Urban Area, the height of any new building must match that of the nearest protected building, allowing for a variation of up to ±0.50 meters.
Property Facts
| Price | $231,535 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.06 AC |
| Price | $231,535 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.06 AC |
1 Lot Available
Lot
| Price | $231,535 | Lot Size | 0.06 AC |
| Price Per AC | $3,703,909.40 |
| Price | $231,535 |
| Price Per AC | $3,703,909.40 |
| Lot Size | 0.06 AC |
Urban plot of 253 m² located in a consolidated urban expansion area, with great potential for residential development.
Description
Urban plot of 253 m2 located in a well-established urban expansion area, with great potential for residential development.
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