5 Acre Mixed-Use Land with House in Karen

5 Acre Mixed-Use Land with House in Karen - 1
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Price Analysis Above Market

Based on 590 similar listings

Negotiation Tips

Price is significantly above market

Suggested offer: KSh 3.05M

Potential discount up to 95%

Market Demand

High Demand

Details

Type
Mixed-use Land
Title
Customary Ownership
Address
Karen
Agent Fee
KSh 1,000
Land Area
5
Facilities
Electric Supply
Listing by
Agent
Access Road
Gravel Road
Property Use
Mixed
Type of Purchase
Outright Price
Development Status
Cleared

5 Acre Mixed-Use Land with House in Karen Highlights

  • Mixed-Use Land Potential: Mixed-use land offers flexibility for various development projects, including residential, commercial, or industrial uses. This versatility can maximize investment returns and cater to diverse community needs.
  • Customary Ownership: Customary ownership in Tanzania is based on traditional land tenure systems, often recognized by local communities. While it provides land rights, formalization through a Certificate of Customary Right of Occupancy (CCRO) is advisable for enhanced security and transferability.
  • Essential Utility Access: Access to essential utilities like electric supply is a crucial factor for any land development. Proximity to existing infrastructure can significantly reduce development costs and timelines for construction.
  • Gravel Road Access: Land accessible via a gravel road typically indicates a location that may be developing or slightly off the main paved routes. While functional, it might require future upgrades for smoother access, especially for heavy traffic.
  • Cleared Development Status: Cleared land is ready for immediate construction, saving time and resources on site preparation. This status is beneficial for developers looking to start projects without delays from clearing vegetation or debris.

Description

• 5-acre parcel of mixed-use land located on Dagoretti Road, just after Rhino Park Road, opposite Africa International University. • Includes a 4-bedroom standalone house with a garage, offering immediate residential use or potential for redevelopment. • Suitable for various developments including community centers, schools, residential housing (flats), churches, malls, petrol stations, or other commercial ventures. • The land is priced at KES 65,000,000 per acre, totaling KES 325,000,000 for the entire 5 acres. • Features include electric supply at the boundary and access via a gravel road. • The property has Customary Ownership title and is currently cleared, ready for development.

Compare

5 Acre Mixed-Use Land with House in KarenThis item
5 Acre Mixed-Use Land with House in Karen
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2 Acres Prime Land for Sale in Olkeri 200m From Tarmac With Borehole - Olkeri - by Arcpost Propertie
2 Acres Prime Land for Sale in Olkeri 200m From Tarmac With Borehole - Olkeri - by Arcpost Propertie
KSh 60,000,000
TypeMixed-use LandResidential LandMixed-use Land
FacilitiesElectric Supply—Domestic Sewage, Electric Supply, Rain Water Drainge, Water Supply
TitleCustomary Ownership——
AddressKarenParklandsOlkeri
Agent FeeKSh 1,000——
Land Area5—2
Listing byAgent——
Access RoadGravel Road—Dirt Road
Property UseMixedResidentialMixed
Type of PurchaseOutright PriceOutright PriceOutright Price
Development StatusCleared—Partially Developed
PriceKSh 65,000,000KSh 75,000,000KSh 60,000,000

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