Lot in Microcentro
$990,000
- 7,427 sq ftLot area
About this home
Commercial Property with Development Potential – 300 Suipacha St., Microcentro – CABA A unique opportunity in the heart of Buenos Aires’ Microcentro, just a few meters from the Obelisk, across from the historic Confitería La Ideal, and surrounded by cultural landmarks such as the Teatro Ópera and major transportation routes: subway lines B, C, and D, and the Metrobus. This property offers an ideal combination of rental income, immediate use, and future development, with high development potential permitted under current regulations. Property specifications: Lot area: 169 m² Estimated buildable area: 2,056 m² Maximum permitted height: 31.20 meters (ground floor + 10 stories + 2 setbacks) Frontage: 5.93 m Depth: 28.49 m Zoning: Medium Mixed-Use Area (AMM) Building not subject to condominium regulations Current use and possibilities: Ground floor: 150 m² commercial space suitable for multiple uses 1st and 2nd floors: Hotel space suitable for renovation or conversion (ideal for offices, coliving, or coworking) Spacious terrace with potential for expansion, amenities, or recreational uses Ideal for residential, tourism, or corporate projects Flexible financing: Cash down payment: USD 240,000 Balance: 15 mortgage promissory notes of USD 50,000 each Accepts properties in CABA as partial payment up to 30% of the total value Strategic advantages: Steps away from the Obelisk, Metrobus, subways, and administrative centers Area with high pedestrian and vehicular traffic Excellent potential for appreciation in an area experiencing strong commercial and tourism revival Preliminary feasibility study for construction of nearly 2,100 m², with potential for expansion A forward-thinking investment: potential to generate immediate rental income, repurpose existing spaces, or develop a large-scale project in an unbeatable location. Contact us to receive the complete feasibility study, technical details, and payment options. Legal Notice: All measurements and information regarding maintenance fees, taxes, utilities, and architectural details of this property are approximate and subject to verification by the interested party. They may not be up to date at the time of viewing, as they were provided by the owner at the time of publication. Law 5115: UNLESS otherwise indicated in the property description, the building may not have a ramp for people with limited mobility and may not be accessible to people with physical disabilities.- Auctioneer and Licensed Real Estate Broker, Darío Lorenzo, CMPCAL 520 / CUCICBA 8741. The appraisal, brokerage, and completion of transactions involving this property are the exclusive responsibilities of this licensed broker, in accordance with the provisions of Law 20,266, CABA Law 2340, Provincial Law 10,973, as amended, and the regulatory standards issued by the departmental associations.
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.
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$990,000
