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LAND WITH DEVELOPMENT POTENTIAL IN SAN FRANCISCO, MARACAIBO - Avenida 5 Terreno en Avenida princi, 4001 Maracaibo - Plot of land for sale

$350,000

asking price

6,500 m² area

Description

Ample Land on the main avenue of San Francisco, in the San Francisco municipality. Great potential for industrial, commercial and/or residential development.

Property Details

Property Type
Land
Location
Maracaibo, Zulia, Venezuela
Area
6,500 m²

About the Area

Nestled in the heart of Maracaibo, Zulia's vibrant economic hub, this neighborhood offers convenient access to Lake Maracaibo's stunning waterfront, bustling commercial districts, and the iconic Rafael Urdaneta Bridge. Residents enjoy a dynamic urban lifestyle with top-tier shopping at Plaza Lago Mall, quality healthcare at Hospital Central, and cultural gems like the Maracaibo Symphony Orchestra nearby. Ideal for international buyers seeking a blend of modern amenities and authentic Venezuelan energy in a city renowned for its oil-driven prosperity.

Investment Analysis

4/10
Value Rating

At $53.85/sqm, this property is significantly higher than the city average implied by comparables, which range from about $1,500-$2,750/sqm for meaningful listings.

Highlights

  • Very large 6500 sqm land plot offering substantial development potential
  • Low per sqm price relative to total size compared to tiny high-price comps
  • Prime location in Maracaibo, a key economic hub in Zulia

Considerations

  • Outlier pricing compared to comps suggests possible overvaluation or unique factors
  • Unclear bedrooms/bathrooms and some comps have unrealistic sizes (e.g., 1.5sqm)
Listed 8 months ago

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