Nules, Castellón 12520 0.59 Acres of Commercial Land Offered at $253,179

GRUPOINVERCASA is marketing a stalled construction project in Nules (Castellón) with high residential development potential, aimed at developers, construction companies, investment funds, and real estate holding companies. Asset Description The project has an approximate completion level of 15%, allowing construction to continue by utilizing part of the existing infrastructure and adapting the project to current market needs. It offers an above-ground buildable area of 6,480 m² intended for the development of a multi-family building with an estimated capacity for 48 housing units. Key Features - Stalled construction project with approximately 15% completion. - Above-ground buildable area: 6,480 m². - Estimated capacity: 48 housing units. - Potential for project reconfiguration based on current demand. - Advantage in timelines and costs by leveraging existing infrastructure. Investment Opportunity The scarcity of ready-to-build land and the growing demand for new housing make this asset an attractive alternative for various business models: development for sale, real estate investment, or rental property development. The ability to develop approximately 48 housing units in a well-established location facilitates the implementation of diverse commercial strategies. Recommended Target Audience - Real estate developers - Construction companies - Investment funds - Family offices - Real estate holding companies - Housing cooperatives Location Nules, a key municipality in the Plana Baixa region, is situated between Castellón and Valencia, along the Mediterranean coast and near major industrial and commercial hubs. The project is located in a well-established area surrounded by residential properties and with immediate access to services. It boasts excellent road connections (N-340 and AP-7), commuter rail service, and access to the Mediterranean Highway, ensuring easy connectivity to Castellón, Valencia, and the broader Mediterranean region. About the Marketer GRUPOINVERCASA has over 30 years of experience in real estate investment. It is a member of API No. 01818 and is listed in the Registry of Real Estate Intermediary Agents RAI-CV 4331. This asset represents an opportunity to develop a real estate project with medium- to long-term profitability and appreciation expectations.