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 Poblado.