Investment Opportunity: House for Sale for Renovation.
$257,771≈ MX$4,800,000
- 20Bedrooms
- 4Bathrooms
- 4,026 sq ftLiving area
- 6,405 sq ftLot area
About this home
INVESTMENT OPPORTUNITY: PROPERTY FOR REDEVELOPMENT IN DOWNTOWN CUERNAVACA. Property for sale suitable for commercial and residential use in the heart of Cuernavaca, Morelos. This property is ideal for investors and developers focused on urban renewal projects, taking advantage of a high-traffic location and excellent connectivity in an area with a strong economic heritage. Location and Connectivity. The property is located on Álvaro Obregón Avenue in the Colonia Centro neighborhood, in immediate proximity to Morelos Avenue, the area’s main access road and vehicular thoroughfare. Its location facilitates logistics and provides direct access to municipal services, public transportation, retail establishments, government offices, and tourist and cultural attractions. Land Characteristics and Topography. The lot has an area of 595 square meters, offering a 15-meter-long frontage along the public road for a prominent facade or vehicle access. It is 37 meters deep and borders a ravine at the rear, a natural feature that offers the potential to incorporate open views and natural ventilation into a residential or mixed-use development. Physical Condition and Development Potential. There is an existing 374-square-meter building in an advanced state of disrepair. As it requires major structural work, the property is being marketed based on the value of the land and its high urban development potential. It is an ideal candidate for complete demolition and new construction, or for a comprehensive renovation project if technical studies permit it. Property Use Potential. Due to its location in Álvaro Obregón and connection to Morelos Avenue, the site is ideal for: Vertical Development: Urban-style apartments. Commercial Project: Ground-floor retail spaces and offices. Hospitality Sector: Boutique hotel or short-term rentals. Corporate Project: Corporate headquarters. The property is free of liens and ready for sale. *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). *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 disclosure on our website or directly at our offices.
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.
Nearby Essentials
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$257,771
