Lot for sale in Managua – 674 m²
Description
Land for sale in Mercado Oriental, Managua, right beside the largest market in Nicaragua. The daily flow of people and vehicles from the market keeps steady traffic in the area.Land area: 965 varas² (about 675 m²). Flat terrain with a concrete and asphalt surface. Large trees on one side, near the entrance, providing shade at the access. Suitable for housing, warehouse, commercial premises or mixed use.
Features: easy access and location within a residential zone. Retail businesses and warehouses fit well with the area's traffic.
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What this property offers
Views & surroundings
- Easy access
- In a residential community
Is the price right? Compare it with the area
The data nobody else gives you: this property against the the area average (4 listings published in the last 3 years). How we calculate it ›
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In numbers: this lot asks US$ 363 per v² of land. Among the 4 lots for sale in Mercado Oriental that declare surface area the average is US$ 310 per v². This lot is 17% above that average.
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What's nearby
- 31 schoolsCentro de Capacitación Nicaragüense Alemán · 8 min at rush hour
- 20 hospitals / clinicsHospital Bautista · 7 min at rush hour
- 69 pharmaciesAnn Margareth · 2 min at rush hour
- 11 supermarketsSupermercado Maxi Palí Oriental · 7 min at rush hour
- 10 gas stationsUNO - El Calvario · 4 min at rush hour
About Mercado Oriental
Mercado Oriental is a neighborhood of Managua, in the department of the same name.
CasasEnNicaragua.com currently has 58 properties listed in Mercado Oriental: 22 commercial premises for sale, 10 commercial premises for rent, 6 warehouses for rent, 5 homes for sale, 4 warehouses for sale, 4 lots for sale.
Among the 4 lots for sale in Mercado Oriental, half have an asking price between US$ 331,211 and US$ 500,000, and the typical price is US$ 425,000. This lot, at US$ 350,000, has 1 cheaper and 2 pricier ones ahead of it.
Measured per square vara of land, half of the 4 lots for sale in Mercado Oriental that declare their size fall between US$ 306 and US$ 469 per v², and the typical is US$ 336 per v². This property is at US$ 363 per v². Note: built area is compared per square meter and land per square vara (1 m² equals 1.42 v²).
For reference, this is how lots for sale look in other areas of Managua: Santo Domingo has 136, with a typical price of US$ 181,047, Carretera Masaya has 127, with a typical price of US$ 168,549, Carretera Sur has 75, with a typical price of US$ 110,000. In Mercado Oriental the typical price is US$ 425,000.
All these numbers come from the properties listed today on CasasEnNicaragua.com and change as the inventory changes. They are not an appraisal.
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Frequently asked questions about this property
How much does a square vara cost in Mercado Oriental?
Among the 4 lots for sale in Mercado Oriental that declare their size, half fall between US$ 306 and US$ 469 per v², and the typical is US$ 336 per v². These are the asking prices of today's listings, not an appraisal value.
What does this lot in Mercado Oriental include?
The listing declares a lot of 680 m² (965 v²). It also lists 2 amenities: Easy access, In a residential community.
Is this price above or below the Mercado Oriental average?
This lot asks US$ 363 per v². The average of the 4 lots for sale in Mercado Oriental with a similar size is US$ 310 per v², so it is 17% above that average. The comparison is made only against similar-sized properties, because a whole-area average mixes very different sizes.
How many lots for sale are there in Mercado Oriental?
There are currently 4 lots for sale listed in Mercado Oriental, out of a total of 58 properties of all types in the area: there are also 22 commercial premises for sale, 10 commercial premises for rent, 6 warehouses for rent. The number moves every time a listing comes in or goes out.
What should you check before buying in Mercado Oriental?
Before closing you should check the legal status of the property and understand how the transfer works. We explain it step by step in the guide to property deeds in Nicaragua and the guide to buying a home in Managua. CasasEnNicaragua.com publishes the listing; it does not give legal advice, so confirm each step with a professional.
How do I ask about this property?
Write directly to Momotombo Real Estate, who publishes this listing, and mention code MM-5899. The contact buttons are beside the listing. You deal directly with the advertiser: CasasEnNicaragua.com provides the publishing service.