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Land for Sale with Urban Development Project Started - Av Principal de La Cruz Altos de La Cruz, 6201 Maturin - Plot of land for sale

$85,000

asking price

2,950 m² area
Land for Sale with Urban Development Project Started - Av Principal de La Cruz Altos de La Cruz, 6201 Maturin - Plot of land for sale
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Description

Land with construction project started; 6 apartments and 3 town houses, built on its own plot of land. Access to services and public transport. Area with potent

Property Details

Property Type
Land
Location
Maturin, Monagas, Venezuela
Area
2,950 m²

About the Area

Nestled in the heart of Maturín, the bustling capital of Monagas state, this vibrant neighborhood offers convenient access to the city's commercial hubs, modern shopping centers like Gran Boulevard Mall, and essential services including top hospitals and international schools. Surrounded by lush tropical landscapes and the nearby oil-rich Orinoco Delta, it provides a dynamic urban lifestyle with proximity to natural attractions, making it ideal for expats seeking growth opportunities in Venezuela's energy sector. Secure and family-friendly, it's a prime spot for international buyers eyeing long-term value in a thriving regional center.

Investment Analysis

4/10
Value Rating

At $28.81/sqm, this property is priced moderately above the apparent average derived from comparables, which range from about $2.88/sqm to $466/sqm with larger plots trending lower.

Highlights

  • Very large 2950 sqm land plot offering development potential in Maturin
  • Cheaper per sqm than small urban comparables ($42000/90sqm at $466/sqm)
  • Competitive with mid-sized plots like $38000/416sqm ($91/sqm)

Considerations

  • Higher price per sqm than very large comparable ($13500/8750sqm at $1.54/sqm)
  • Outlier $2.5M/10450sqm comparable suggests possible premium pricing or superior features
  • Venezuela market risks including economic instability and illiquidity
Listed 6 months ago

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