Commercial Building - Palermo
$820,000
- 10Bedrooms
- 3,929 sq ftLiving area
- 2,282 sq ftLot area
About this home
House for sale in Palermo, located at 1200 Gurruchaga, one of the most sought-after areas of Buenos Aires, Argentina. This 40-year-old property presents an excellent opportunity for investors, thanks to its versatility and strategic location. The house sits on its own lot measuring 8.66 x 24.37 meters, offering a total of 365 m² of covered area. On the ground floor, there is a spacious 200 m² commercial space, ideal for retail or service-based businesses. The first floor houses a 165 m² office or residence, with access to a large terrace that provides additional outdoor space. The east-facing orientation ensures plenty of morning light, and the front-facing layout provides visibility and easy access. Notable utilities include running water, sewer service, natural gas, electricity, paved access, potable water, three-phase power, and street lighting. The property includes features such as a balcony, office, laundry room, patio, terrace, and home office, making it a versatile space adaptable to various needs. It is important to note that the measurements, photos, and descriptions are approximate and provided by the owner; therefore, it is recommended to verify the legal documentation before proceeding with any transaction. This vacant property is ready to be adapted to your vision, whether for personal use or as an investment.
Buying in Argentina as a foreigner
Yes, foreigners can buy property in Argentina.
The most important restrictions concern rural land, properties containing or bordering significant bodies of water and properties located within border security zones.
- Near coasts and borders
- Argentina does not have a coastal restricted zone equivalent to Mexico's. To preserve a common schema, this field groups areas subject to special rules: rural land, border security zones and certain properties involving significant permanent bodies of water.
- Residency
- Property ownership does not automatically grant residency. You must prove recurring income (Rentista Visa).
- 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 may be limited and depends on the lender, residency, documented income, financial history, currency, down payment and property type.
How buying works
Obtain tax identification
Obtain a CUIT or CDI as applicable and prepare passport, powers of attorney, translations and source-of-funds documentation.
Legal due diligence
Review title, ownership, seller restrictions, liens, debts, cadastral status, condominium rules and the seller's legal standing.
Check special restrictions
Determine whether the property is rural, located within a border security zone or contains or borders bodies of water subject to restrictions.
Reservation, contract and deed
Define price, currency, deposit, conditions and timelines; then execute the deed and register it.
This information is general and educational. Rules concerning purchases, taxes, rural land, security zones and registration may change or be interpreted differently by jurisdiction. They should be confirmed with a notary, attorney, accountant or other authorized professional. Research last reviewed July 2026.
Amenities
Indoor & Comfort
- Study / Office
Outdoor & Recreation
- Terrace
- Balcony
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$820,000
