Downtown CDO Property for Sale in Pinikitan

For sale residential property in Cagayan de Oro situated strategical near vital centers like Cogon Public Market, Maria Reyna Hospital, Seven Eleven outlet, Gaisano Superstore, Our Lady of Fatima Church, and schools. It is also near Metrobank and Jollibee.

The property for sale by owner is located along a cemented Maximo Velez Street, Pinikitan, Cagayan de Oro City, just 20 meters away from Hayes Street Main Road and 150 meters away from Maria Reyna Hospital. This is perfect for a boarding house for both young professionals, students, resident doctors, and nurses.

The CDO property for sale is currently a residential house and lot, but the building is already very dilapidated that assessment is placed at zero value. Hence, the price offered is now based on the market price of lot in the area.

Pros and Cons of this Property for Sale in Cagayan de Oro

In order to make a smart investment choice, it is important to know the pros and cons of the property. All the positive sides, as well as the negative aspects should be properly balance for a better decision. To simplify everything, the Pros and Cons are laid out as follows:

Advantages

  • Near vital centers like hospital, school, church, banks, Cogon public market, hotels, gas station, and various commercial and business districts. Seven Eleven is also approximately 50 meters away.
  • With water and electricity lines
  • Abutting a cemented road

Disadvantages

  • Abutting cemented road is one way going to Arch. Hayes street, and it is approximately 4m wide.
  • May be flooded during strong rains and during instances when Maria Reyna Hospital is also flooded. However, this can be addressed by elevating the property through landfill.

Check out the photos of this property for your further perusal

cdo property for sale

Property Desciption for this Property For Sale by Owner

  • Title: Tax Declaration, but this can be easily and quickly processed for titling
  • Location: Maximo Velez St. Pinikitan, Camaman-an, Cagayan de Oro City
  • Area: 250 sqm
  • Price: Php 17,000 per sqm (negotiable for serious buyers only)

Final Recommendation of this CDO Real Estate Property

While there are a few flaws, the location advantage makes it a perfect investment for commercial, business, and residential use. This is a good location for a boarding house for nurses working at Maria Reyna Hospital. This perfect for business purposes, as well. At 250 sqm area, you can already construct a two or three storey building for commercial use. The price is already competitive. In fact, nearby areas were sold as high as 18,000 to 20,000 per square meter. Hence, the offered price of 17,000/sqm is already a bargain.

 

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