Land area: 1,550 m²

Location: Barrio Fátima, Mercedes de Atenas, Alajuela

Transaction type: Conventional sale (bank financing available)

Property status: Ready for immediate transfer (no waiting period)

Property Registry ID: 2-421993 | Cadastral Plan: A-1071755-2006

1,550 m² lot in Atenas
(27,097 per square meter).

A 1,550-square-meter lot is offered for sale in Barrio Fátima, Mercedes de Atenas, located two kilometers—approximately a five-minute drive—from the canton's central park. The property has public road frontage and all utilities installed. Its topography makes it suitable for either a large single-family residence or a subdivision project.

Unlike properties acquired through judicial auctions, this lot is offered via conventional sale. There are no waiting periods or pending legal proceedings; the buyer can take immediate possession of the property and secure bank financing for the purchase.

Financial Details
Item Detail
Market value (appraisal) 54,650,000
Sale price 42,000,000
Difference vs. appraisal 12,650,000 (23.1% below)
Price per square meter 27,097
Transaction type Conventional sale, financing available
Availability Immediate; no legal waiting period
Local market reference
The most objective indicator for valuing land is the price per square meter. The following table compares this property with lots currently on the market in the same canton:

Property Area Price per m²
This property (Mercedes de Atenas) 1,550 m² 42,000,000 27,097
Santa Eulalia de Atenas 5,368 m² 165,000,000 30,737
Vainilla de Atenas 2,000 m² 80,000,000 40,000
Atenas center 620 m² 29,000,000 46,774
Adjacent lot (no price reduction) 420 m² 28,000,000 66,667
The adjacent lot, measuring just 420 m², is offered at 28,000,000 with no room for negotiation. This property, with nearly four times that area, is being sold for 42,000,000. Links to comparable listings:

5,368 m² lot in Santa Eulalia:
2,000 m² lot in Vainilla:
620 m² lot in Atenas:
Property features
Frontage: direct access to a public road; no easements or reliance on third parties.
Utilities: all utilities available at the lot frontage.
Topography: suitable for construction; mountain views.
Land use: mixed-use, offering a wider range of development options.
Surroundings: green area; established residential neighborhood.
Development potential
The size and shape of the land allow for two clearly defined development scenarios:

Residential country estate/retirement home. The site accommodates a spacious residence with a large garden, located in a canton renowned for its climate and proximity to the Greater Metropolitan Area.
Subdivision into three or four individual lots. Given current price-per-square-meter rates in the area, subdivision represents the option with the highest potential return. Smaller lots in central Atenas sell for between 46,000 and 66,000 per square meter, compared to the 27,097 acquisition price of this property.
Both scenarios should be verified against current zoning regulations with the Municipality of Atenas before finalizing the purchase.

Location
Address: Barrio Fátima, Mercedes de Atenas, Alajuela (Plus Code: XJR7+6XG)
Google Maps:
Waze:
Distance to Atenas Central Park: 2 km (approximately 5 minutes by car)
Atenas is an established canton in western Alajuela, with sustained demand for land from both local buyers and foreign residents. Its connection via Route 27 places it less than an hour away from the Metropolian San Jose.