Reference: CA-T274806
This corner lot for sale in Belén El Nogal-Los Almendros is perfect for those looking to invest in Medellin real estate, particularly for building an apartment building. The lot spans 2,561.59 square feet, while the home itself offers 3,767 square feet of space. The zoning permits the construction of a ten-story building featuring nine apartments and one commercial space.
Property Summary (Key Value Drivers)
Fort Valencia
Neighborhood: Belén El Nogal – Los Almendros (Estrato 5) offers a prime location for those interested in Medellin real estate investment. This corner lot spans 238 m² and features a built area of 350 m², perfect for a bifamiliar house. With zoning allowing for up to 10 floors, there is potential for 9 apartments along with 1 commercial unit, making it an attractive option for a Medellin house for sale. The property is located just a short distance from the vibrant areas of Laureles and Poblado. Age: 20+ years.
?? Market Benchmarks (2025-2026)
1?? Residential House Value (Current Use) in Belén El Nogal / Los Almendros:
Houses in this area typically trade at $109 – $148 USD per sq ft (built area), depending on their condition. For example, the Fort Valencia 350 with a built area of 3,767 sq ft might be valued as follows:
3,767 sf × $113–$136 sf ˜ $427,000 – $512,000 USD.
This price range reflects what a family buyer might pay for the house as-is, which could also be a great opportunity for a Medellin real estate investment. Additionally, for those exploring options, there are various Medellin house for sale listings in neighborhoods like Laureles and Poblado that might pique interest.
2?? Developer / Land Value (Highest & Best Use)
Because:
Zoned to allow 10 floors
Zoned to permit the construction of 9 apartments plus 1 retail space, Fort Valencia is strategically located on a corner lot near Laureles and key commercial nodes in Medellin.
Developers often assess land in this zone based on project profitability rather than house size, which is a crucial aspect for Medellin real estate investment.
In comparable areas along the edge of Belén and Laureles:
Redevelopment lots are generally priced between $176 and $226 per sq ft of land, with corner lots that have mixed-use rights sometimes fetching even higher prices.
So:
2,562 sq ft × $176 - $226 per sq ft
˜ $451,000 - $579,000 USD, making this a promising option for anyone searching for a Medellin house for sale in a desirable location like Belen El Nogal - Los Almendros.