Kingston & St. Andrew, Kingston 10

House

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5 Beds3 Baths

Quick Summary

Price USD $945,000
Property Size 13950 sq.ft
Bedrooms 5
Bathrooms 3
Property ID MLS-97094
Listing Type For Sale
Type House

Property Description

Rare Development Opportunity in New Kingston!! This exceptional 13,950 sq. ft. development site, featuring an older but structurally sound building, is ideally positioned within the prime business corridor of Trafalgar Road, New Kingston. Offering significant redevelopment potential, the property falls within an area that permits a maximum Plot Area Ratio (PAR) of 1:4 under the Kingston, St. Andrew & Pedro Cays Confirmed Development Order (2023). The zoning supports either multi-storey commercial development or multi-family residential use. An architectural concept has already been prepared, proposing a ten (10)-storey structure comprising twenty-nine (29) units and forty-five (45) parking spaces presenting a compelling and feasible investment opportunity for developers and real estate investors alike. Prime location, strong development potential, and flexible use options make this a standout offering. Call now to explore this opportunity.

Amenities

Interior
  • Floor Space: 2200 Sq. Ft.
  • Other Flooring: Terrazzo
Other
  • Grilled
  • Fully Fenced
Site Influences
  • Central location

Contact Agent

EDGE REALTY JAMAICA LTD

Phone:(876) 906-4988 / (876) 908-3924
Email:edgeadmin@edgerealtyja.com
  
Courtesy of: RCI REALTY PLUS