Odesa Development Plot Listed for $900,000.

Land Parcel for Sale in Odesa

According to Novyny.live: A 28-are (approximately 0.69-acre) plot of land designated for residential development has been listed for sale in Odesa's Kyiv district on Dovha Street, with an asking price of $900,000 USD. This translates to a price of roughly $32,143 per are. The sale offers a notable opportunity in the city's real estate market, where prime development-ready land is in consistent demand.

Significant preparatory work has already been completed on the site. This includes an excavated foundation pit and the driving of 223 piles, each 13 meters deep. The plot, which measures approximately 62.5 by 47 meters, comes with full state-issued title deeds, and all documentation is prepared for a transaction. Its size and readiness make it suitable for various residential projects, such as a five-story apartment building.

Potential Impact on the Real Estate Market

This sale could serve as a significant indicator for Odesa's property market, reflecting sustained investor interest in development land within the region. Given the site's construction-ready status, investors may view it as a viable opportunity for capital investment with a potentially shorter timeline to project commencement.

Future development of this area could positively influence the local housing supply and contribute to broader economic growth in the region.