Detached House for Sale with Building Permit for 11 Apartments

City: Jerusalem

Neighborhood: Abu Tor

ID. 60004

Jerusalem

1700 SQ. M.

18299 SQ. FT.

Garden - 260 SQ. M.

Price upon request

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Rare property in a sought-after area, within walking distance of the Old City, Emek Refaim, and the new light rail line under development.

The house is located at the end of a quiet and green street, featuring a wide facade and impressive architecture that is preserved and protected, all in an excellent topographical location.

The property has a building permit for immediate construction of 11 apartments, including an amazing penthouse with balconies and a rooftop terrace overlooking the Temple Mount and includes a swimming pool with ancient views, 2 huge and spacious garden apartments with access to private gardens of 130-140 m², and 8 apartments of varying sizes.

The architecture of the building allows for planning flexibility and the adaptation of interior plans to the needs of the final buyer.

The building is designed with an impressive entrance lobby, an elevator, underground parking, and many additional areas.

The unique pastoral location of the building, along with its geographical proximity to the Bak'a and German Colony neighborhoods, the Old City, and the Western Wall, provides easy access to green areas such as Mesila Park and the Sharuber promenade. Additionally, the area features synagogues, vibrant community life, employment and high-tech complexes, hotels, and entertainment centers.

Purchasing the building enables immediate self-construction without the hassle of bureaucratic procedures, making it an ideal investment for a family seeking a private and modern home, a group of friends aiming to maintain a sense of community, or real estate entrepreneurs eager to capitalize on the area's tremendous potential.

Additionally, the buyer has the right to enjoy significant tax benefits from the previous attractive version of the government capital investment incentive program, applicable for a period of 5 years or more, which includes substantial advantages in tax liability and VAT.

An exceptional opportunity for those who cherish the breathtaking views of the Old City’s walls, towers, and gates, as well as for enthusiasts of authentic Jerusalem and savvy real estate investors.

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About

Abu Tor

Abu Tor, a fast-rising real estate hotspot, has undergone significant transformation since coming under Israeli control in 1967. Once a predominantly Palestinian village, the neighborhood has gradually seen an influx of Jewish residents, attracted by its proximity to the Old City, the First Station, and other key Jerusalem landmarks. In recent years, the area has become increasingly appealing to Jewish homebuyers and investors due to its picturesque views, strategic location between Baqa and the Old City, and the ongoing gentrification that has boosted property values. As the demographic shifts further towards a Jewish majority, Abu Tor is emerging as a prime real estate destination, with its combination of historical significance, rising demand, and growing investment making it one of the most sought-after neighborhoods in Jerusalem.