$3,500,000

This premier development project is strategically located at 1 Reparto Industrial, Bo. Canas, in the highly sought-after southern hub of Ponce, PR. Covering an area of ??approximately 5.00 cuerdas, this flat parcel is being sold specifically as a fully planned residential project, offering a rare and highly lucrative opportunity for developers to immediately capitalize on the region's strong housing demand. The site features an approved preliminary project (anteproyecto) by the Municipality of Ponce for the construction of 172 apartment units. Each unit is designed with a spacious three-bedroom and two-bathroom layout, including two dedicated parking spaces. This planned controlled-access community is designed to maximize resident lifestyle with premium communal facilities, including a private gazebo and a swimming pool. Significantly accelerating the development timeline, the project holds an active Construction Permit for the earthworks and land movement stage. Development can begin as soon as the construction municipal taxes (arbitrios) of approximately $25,000 are fulfilled. Conveniently located near major highways, vibrant commercial centers, schools, healthcare facilities, and essential urban amenities, this turnkey development represents a premier investment in one of Puerto Rico's principal municipal markets. CRIM: $8,285.51 annually. Coordinates: 17.99282522, -66.64951992