$313,730
INVESTMENT OPPORTUNITY: PROPERTY FOR STRATEGIC REDEVELOPMENT IN DOWNTOWN CUERNAVACA. A property suitable for both commercial and residential use is now available on the real estate market, strategically located in the historic downtown area of Cuernavaca, Morelos. This property represents a viable option for investors, developers, and builders interested in undertaking urban renewal projects, taking advantage of a high-traffic location with excellent connectivity in one of the most historic and economically active areas of the capital of Morelos. Location and Connectivity. The property is situated on Álvaro Obregón Avenue in the Colonia Centro neighborhood. This location is key due to its immediate proximity to Morelos Avenue, which serves as the main access route and vehicular thoroughfare in the area. The property enjoys a location that facilitates logistics and access to municipal services, public transportation, established businesses, government offices, and cultural and tourist attractions—all key factors for the success of any new project in the downtown area. Land Characteristics and Topography. The total land area is 595 square meters. The plot’s geometry offers favorable characteristics for architectural design, featuring a 15-meter-long frontage along the public road, which allows for a wide facade suitable for commercial spaces or a prominent vehicle entrance. The lot is 37 meters deep, extending toward the rear where it directly borders the ravine. This natural topographic feature offers the possibility of incorporating open views and natural ventilation into the design of a future project—elements highly valued in residential or mixed-use developments in the region. Physical Condition and Development Opportunity. There is a 374-square-meter building on the property. It is important to note, in accordance with the principles of transparency and objectivity, that this structure is in an advanced state of disrepair. The current structure requires major renovation; therefore, the property is being marketed primarily based on the value of the land and its urban development potential. The property is an ideal candidate for complete demolition to make way for a new construction project, or for a comprehensive reconstruction and renovation project that would utilize the existing foundation if structural studies permit it. Property Potential. Given the size of the lot, its location along the urban corridor of Álvaro Obregón Avenue, and its connection to Morelos Avenue, the site is ideal for various types of investment: - Vertical Development: Construction of urban-style apartment buildings. - Commercial Project: Ground-floor retail spaces with offices on upper levels. - Hospitality Sector: Development of a boutique hotel or short-stay accommodations, capitalizing on the foot traffic in the Historic Center. - Corporate Project: Headquarters for companies requiring a physical presence in the city center. This property is free of liens and comes with the necessary documentation to begin the sale process, providing a solid foundation for capitalizing on the appreciation resulting from the renewal of downtown Cuernavaca. *The total price will be determined based on variable amounts for credit and notary fees, which must be discussed with the developers in accordance with NOM-247-SE-2021. *The furniture, decor, and items shown in the photographs are for illustrative purposes only and are not included in the property’s sale price. *Price and availability are subject to change without prior notice. *Payments may be made with personal funds or through mortgage loans from banks or public institutions (subject to approval by the financial institution). *Agrarian Regime (if applicable): Property subject to the transfer of agrarian rights in accordance with the Agrarian Law; the process is formalized with the National Agrarian Registry (RAN). *Standard Form Contract: Model registered on March 15, 2023, in the PROFECO Public Registry of Standard Form Contracts under number 3006-2023. *Please review our full notice on our website or directly at our offices.
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