South Africa Free Classifieds

12,000 sq ft land in University City

  • City: Port Elizabeth
  • State: Eastern Cape
  • Ad Viewed: 6 Times






Description:

Private cul de sac location, close to UTC, La Jolla, MTS trolley, UCSD, good schools, and Westfield shopping mall. 50 ft frontage on a gentle slope. Build possibilities: 1 large SF, SF + ADU, 2 SF, ... Based on current market sales, a new build is likely to sell at more than $2.5 million. According to the city, utilities can be connected and there are no existing encumbrances. According to Zillow, there were no vacant land or new build sales in University City for almost 20 years! With house flipping taking a back seat due to high home prices, new builds and ADUs are the way to go! Great development opportunity for seasoned builders! Perfect time to build and get ready for the next real estate boom! Qualified builders are welcomed to set up an appointment to view the lot.