Nuevo Vallarta Commercial Development Parcel – El Rancho Viejo de Palma Real
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Nuevo Vallarta – Development land for sale.
45 Hectares – 112 Acres
Location: Nuevo Vallarta
2000 + lineal meters canal frontage
T- 20 zoning
Authorized PV-1 bridge to connect project to Los Cocoteros road
The Kelele canal goes out to the ocean. One of the benefits of this property is that there would be no sales tax (ISR) on the land as it would be the first sale from you to the new owners looking to build a home in the canal.
You could offer canal lots for 400.000.00 usd. There are 450,000 m2 in all. The size of the lots would be 30m (100 feet) x 50m (165 feet) 1500m2 total. 60 of them @ 400k each is 24 million.
Or 90,000 m2, that leaves 360,000 m2 for development. There are 2000+ lineal meters of canal frontage. The sale of the canal lots would almost return your investment.
That would leave 200 lineal meters for a canal club. At the “Kelele Canal Club” there would be a dock for those who haven’t bought a property on the canal but own property in the development, wanting to dock their boat, jet skis spaces, etc.
Owner would split this into three (3) parts. Possible JV with giddyup green. Financing with incoming cash. Very motivated seller.
Click here to download a pdf with the property specifications