Building Plot for sale in Pego, Alicante

If you are a developer, builder, or real estate investor, I have a question for you:
How many times do you find a consolidated urban plot in the very center of Pego, without the need to demolish any construction and with the capacity to develop several homes?
Probably very few. And that is precisely where the value of this property lies.

Most developers waste time and money buying old buildings that later require demolitions, waste management, more complex projects, and unexpected costs.
This is the exact opposite.

A consolidated urban plot of 124 m² located next to the Plaça del Mercat, in one of the most sought-after and consolidated areas of Pego's urban center.
With a façade facing Sant Ferran Street and nearly full plot occupancy, this property allows for the development of a residential promotion following the traditional typology of the surroundings: ground floor + two floors + setback penthouse.

The theoretical buildability reaches approximately 372 m² constructed.
Subtracting courtyards, stairs, installations, and urban adjustments, the reasonable sellable area is between 320 and 360 m².

Where is the opportunity?
In that the plot is currently offered for just €75,000.
This implies approximately €202/m² theoretical buildable. These are figures hard to find in such central locations.

Analysis for investors

Conservative scenario:
Plot: €75,000
Estimated construction: €1,100/m²
Sellable area: 340 m²
Approximate construction cost: €374,000
Technical expenses, licenses, and marketing: €70,000
Estimated total investment: €519,000

Recommended product:
Garage and storage rooms on the ground floor.
Apartment on the first floor.
Apartment on the second floor.
Setback duplex penthouse.

If the finished homes are marketed at a conservative average of €1,900/m²:
Estimated selling price: €646,000
Estimated gross profit: €127,000
Approximate margin: 24.5%

This means that it clearly exceeds the minimum margin of 15–20% required for a professional real estate investment.

Before requesting a visit, I advise you to visit the area on your own. If the location doesn’t suit you, it will save you time.