Prime 1/2 Acre Apartment Development Land for Sale/JV - Kabete

Prime 1/2 Acre Apartment Development Land for Sale/JV - Kabete - 1
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Price Analysis Above Market

Based on 1306 similar listings

Negotiation Tips

Price is significantly above market

Suggested offer: KSh 3.2M

Potential discount up to 87%

Market Demand

High Demand

Details

Type
Commercial Land
Address
Kkabete
Property Use
Commercial
Type of Purchase
Outright Price

Prime 1/2 Acre Apartment Development Land for Sale/JV - Kabete Highlights

  • Prime Location in Kabete: Kabete is a well-established area with a mix of residential and commercial properties. It offers good connectivity to Nairobi's city center and surrounding suburbs.
  • Ideal for Apartment Development: This parcel is zoned for commercial use, making it suitable for constructing apartment buildings. Such developments cater to the growing demand for housing in urban areas.
  • Generous Half-Acre Size: A half-acre plot provides ample space for building multiple units and associated amenities. It allows for thoughtful design and efficient use of the land.
  • Potential for Joint Venture: The option for a Joint Venture (JV) can be beneficial for developers seeking to partner with landowners. This can facilitate project financing and risk sharing.
  • Access to Utilities: Properties in developed areas like Kabete typically have access to essential utilities such as water, electricity, and sewer systems. Confirming availability is crucial for development.

Description

• Prime 1/2 acre plot located in Kabete Kibiciku, 600 meters off Gitathuro Road (Route 119). • Ideal for high-rise apartment development or residential investment projects. • Offers a flexible joint venture (JV) opportunity or outright sale. • Situated in a fast-growing area with potential for significant returns. • Proximity to essential amenities and transport links. • Flat topography suitable for construction.

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TypeCommercial LandMixed-use LandMixed-use Land
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Property UseCommercialMixedMixed
Type of PurchaseOutright PriceOutright PriceOutright Price
PriceKSh 25,000,000KSh 24,000,000KSh 30,000,000