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For sale: 10,000m2 building Las Mercedes 8914 - US$22,000,000 USD

$22,000,000

asking price

2 m² area
For sale: 10,000m2 building Las Mercedes 8914 - US$22,000,000 USD
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Description

Code: 2948914: Features a construction area of 10,000 sqm. 10 floors, each floor has one thousand meters. Sale price $1,800 each, Code: 2948914: Features a construction area of 10,000 sqm. 10 floors, each floor has one thousand meters. Sale price $1,800 each

Property Details

Property Type
Other
Location
** Caracas, ** Miranda Dtto, Venezuela
Area
2 m²

About the Area

Caracas, the capital of Venezuela, sits in a dramatic Andean valley surrounded by lush mountains and offers a vibrant mix of colonial architecture, modern skyscrapers, and world-class cultural institutions. The Miranda District, encompassing upscale areas like Altamira and Los Palos Grandes, provides international buyers with secure, tree-lined residential enclaves, upscale shopping, fine dining, and easy access to both the city’s financial center and its renowned Simón Bolívar International Airport.

Investment Analysis

1/10
Value Rating

This property is priced at $11,000,000 per sqm, over 7x higher than the $1,550,000 per sqm average of comparable properties.

Highlights

  • Extreme overpricing relative to market
  • Tiny 2 sqm size limits utility

Considerations

  • Virtually no realistic buyer pool
  • High risk of total capital loss
Listed 1 day ago

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