Half Acre Mixed-Use Land for Sale

Half Acre Mixed-Use Land for Sale - 1
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Price Analysis Fair Price

Based on 590 similar listings

Market Demand

High Demand

Details

Type
Mixed-use Land
Title
Customary Ownership
Address
Ikonyero, near one acre fund offices
Listing by
Agent
Access Road
Dirt Road
Property Use
Mixed
Type of Purchase
Outright Price
Development Status
Partially Developed

Half Acre Mixed-Use Land for Sale Highlights

  • Mixed-Use Land Versatility: Mixed-use land offers flexibility for various development projects, including residential, commercial, or agricultural purposes. This adaptability can maximize investment potential and cater to diverse needs.
  • Customary Ownership Explained: Customary ownership in Tanzania is based on traditional land tenure systems, often recognized by local authorities. It typically grants long-term rights to use and occupy the land, though formal titles may differ from statutory ownership.
  • Partially Developed Land: Partially developed land indicates that some initial infrastructure or construction may already be present. This can reduce initial development costs and time, offering a head start for new projects.
  • Access Road Considerations: Properties accessed via dirt roads may experience varying levels of accessibility, especially during rainy seasons. While often more affordable, they might require additional investment in road improvements for smoother access.
  • Outright Purchase Benefits: An outright purchase involves a full, one-time payment for the land, granting immediate and complete ownership. This method avoids ongoing interest payments and can simplify the acquisition process.

Description

• Approximately 0.5 acres (2,023 square meters) of mixed-use land. • Customary ownership title, subject to agreement for transfer. • Located in Ikonyero, Butsotso Central, near One Acre Fund offices. • Access via a dirt road, suitable for various development types. • Partially developed, offering a foundation for further construction. • Suitable for both residential and commercial projects due to mixed-use zoning. • Outright purchase price of KES 3,900,000.

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TypeMixed-use LandMixed-use LandMixed-use Land
TitleCustomary OwnershipLease Agreement
AddressIkonyero, near one acre fund offices74Nairobi
Listing byAgentOwner
Access RoadDirt RoadGravel Road
Property UseMixedMixedMixed
Type of PurchaseOutright PriceOutright PriceOutright Price
Development StatusPartially DevelopedFully Developed
PriceKSh 3,900,000KSh 3,800,000KSh 4,300,000