Road PR-620 km 1.0
Appraised at 540k in 2016
- 52.7% OF APPRAISED VALUE - "AS-IS"
- Type: Lots and Land
- Style: Single Story
- Development Level: Built
- Lot Size: 83.54 acres
The property is located at Road PR-620 km 1.0, Candelaria Ward, Vega Alta, Puerto Rico, in approximate GPS Coordinates 18.4400797ºN, -66.348854ºW. The Access is thru Road PR-620, which connects with Road PR-647; at a 6 minutes drive from Expressway PR-22. The property has approximately 700 meters of frontage to Road PR-620.
Land Parcel A:
Land Lot of 34.37(approx.) "cuerdas", equivalent to 135,104.99 sq. m. (1 cuerda = .97 acres)
Land Parcel B:
Land Lot of 51.65 (approx.) "cuerdas", equivalent to 203,022.22 sq. m. (1 cuerda = .97 acres)
The property lies within CR (Natural Resource Conservation) and PR (Natural Resource Preservation) zoning districts. The CR (natural resource co
conservation) district is established to identify portions of properties whose existing characteristics should be maintained and improved, such areas of dunes, stretches of road where the trees on both sides form tunnel, lots of farms where species of singular value, the lakes shores and other water bodies, coastal areas of scenic value and buffer strips adjacent to resource of special value, among others.
The subject property had an approved resolution by the Puerto Rico Planning Board (2015), to segregate 34.3744 “cuerdas” in eight (8) sub-parcels, sizes bigger than an acre, for low-density residential use; in exchange to convert the remnant land (51.6544 ”cuerdas”) in a conservation easement in perpetuity. This 8 parcels can be sold independently or as a lump-sum. Submitting an application to renew this project with the Puerto Rico's Planning Board doesn’t mean you can’t develop the remaining "cuerdas" for other uses; it means your development has to be eco-centric and cannot alter the natural configuration of those remaining “cuerdas” dedicated to conservation.
For more information please visit: https://spark.adobe.com/page/yKeH2jiCDjkWa/
Information is deemed to be correct but not guaranteed.