Description

This building lot is located on El Choco road, a very short distance from one of the fastest growing communities on the north coast of The Dominican Republic.

The property has an existing shell of a 1 bedroom home on it that measures approximately 70m2.

This lot could either be developed into the perfect spot for a single home or several villas all in one compound.  The opportunity to build apartments on this property also exists.  Zoning here would allow up to 3 levels of construction.

As this lot is located a short distance from the main highway, it makes it an extremely desirable location for an apartment building that the owner would develop for rental purposes only.

Priced at under US$45/m2 in such a location, this property makes sense as an investment of any kind (that calculation does not include the existing shell which requires approximately US$15,000 to be made liveable).