House for Sale, Corner Lot, Ideal for a Business or Boutique Hotel, Historic Center, Mérida
$187,605≈ MX$3,490,000
- 1Bedrooms
- 1Bathrooms
- 2,179 sq ftLot area
- 4Parking spaces
About this home
HOUSE FOR SALE, CORNER LOT, IDEAL FOR A BUSINESS OR BOUTIQUE HOTEL, HISTORIC CENTER, MÉRIDA DESCRIPTION: Mérida’s Historic Center is one of the most emblematic and representative areas of Yucatán. It is known for its cultural richness, colonial architecture, historic streets, and wide variety of shops, restaurants, museums, hotels, and recreational spaces. It is an area with a special charm that combines the city’s traditions with the development of new real estate projects. Its properties offer an attractive option for those looking to live in a historic setting, start a business, or invest in real estate. FEATURES OF THE HISTORIC CENTER Colonial architecture: beautiful old mansions, traditional façades, and buildings with significant historic and architectural value. Prime location: close to the city’s main points of interest. Cultural attractions: near Plaza Grande, the Cathedral of San Ildefonso, the Government Palace, Paseo de Montejo, and various museums. Commercial activity: a wide variety of markets, shops, restaurants, cafés, and businesses. Dining options: traditional restaurants, Yucatecan cuisine, and contemporary dining concepts. Tourism: a significant presence of domestic and international visitors throughout the year. Services and transportation: access to public services, shops, urban transportation, and main roads. The property is located in the Historic Center, 7 blocks from the new La Plancha park and 8 streets from the cathedral. It is a corner property. The property needs remodeling and is ideal for a business or boutique hotel. LAYOUT: -3 sections divide the property -2 levels -3 access doors -1 vehicle access door -Corner lot -2 bathrooms -Double-height ceiling -1 display window for a business ACCEPTED PAYMENT METHODS: -Accepted payment methods: -Own funds -Price $4,490,000 -Purchase process: Reservation deposit $50,000 -Down payment upon signing the promise to purchase (7 days): 20% -Balance due upon signing the deed -Legal status: free of liens Contact us for more information or to schedule an appointment-only viewing. We will support you throughout the entire process with professionalism and personalized attention. *Published prices are for reference only, do not constitute a binding offer, and may be changed by the developer at any time without prior notice. *Prices do not include amounts arising from mortgage loan arrangements, nor notary fees, duties, and taxes. These items will be determined based on the variable amounts associated with loan terms, notary fees, and tax legislation.
Buying in Mexico as a foreigner
Yes, foreigners can buy property in Mexico.
Outside the restricted zone they may acquire directly, subject to applicable procedures. For residential purposes within the restricted zone, an authorized bank trust is commonly used.
- Near coasts and borders
- The Mexican Constitution establishes a restricted zone extending 100 km along borders and 50 km along coastlines.
- Residency
- Property investment of ~$220,000 USD (amount varies by exchange rate) can qualify you for Temporary Residency.
- Taxes and closing costs
- They depend on the state, the municipality and the property itself, so there is no single national figure. Ask the agent or our Concierge for an estimate on this home.
- Financing
- Financing for foreign buyers exists, but depends on the lender, residency, income, credit profile, down payment, location and property type.
How buying works
Legal due diligence
Verify ownership, deed, liens, land use, property tax, water accounts, condominium regime and applicable permits.
Offer and contract
Define price, currency, deposits, conditions, timelines and default consequences.
Permit or trust
Determine whether direct acquisition, a Foreign Affairs permit or a restricted-zone trust applies.
Notarial closing
The notary formalizes the transaction, calculates or withholds applicable charges and handles registry filing.
This information is general and educational. Legal, tax, immigration and purchase requirements may change and should be verified with a notary, attorney or authorized adviser in the state where the property is located. Research last reviewed July 2026.
Amenities
Indoor & Comfort
- Heating
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$187,605
