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Cra 34 #8A-24 El Poblado (Parque Lleras), Medellin
1-305-393-8872 (United States) • 314-863-0621 (Medellin Cell)
E- Mail: rich@firstamericanrealtymedellin.com
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Cra 34 #8A-24 El Poblado (Parque Lleras), Medellin
1-305-393-8872 (United States) • 314-863-0621 (Medellin Cell)
E- Mail: rich@firstamericanrealtymedellin.com
HOME | WHY MEDELLIN | MEDELLIN CONDOS AND HOMES | TURNKEY REAL ESTATE SERVICES | ABOUT US | CONTACT
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Three Story El Poblado Commercial Building Only Two Blocks to Parque Lleras
The location is the exciting key factor for this 500 sq meter (5,380 sq ft) building. Right in the Heart of El Poblado, this building is strategically situated between a new prestigious hotel (Park Diez - currently being built), one block from El Poblado’s most popular night life, and only two blocks from Parque Lleras. With two floors currently generating 4,200,000 pesos/mo (office and nail salon), and an additional floor ready to be rented (suggested rent 2,200,000 pesos/mo), this investment could easily return 6,400,000 pesos/mo immediately without further improvements.
Having permits for up to eight floors this building could be converted to any number of things including: hotel, apartments, offices, restaurant, casino, condo/hotel, etc. and is zoned commercial as well as residential, allowing for any number of future expansion and improvement possibilities. Providing superb location, immediate return on investment and flexibility for future alterations, it makes a perfect investment in one of the most opportunistic locations in all of El Poblado. With a little negotiating a 6-7% cap rate could be returned immediately but the big numbers are in what you will do with this great location in the future.
Negotiable from 1,300,000,000 Pesos Asking Price
The location is the exciting key factor for this 500 sq meter (5,380 sq ft) building. Right in the Heart of El Poblado, this building is strategically situated between a new prestigious hotel (Park Diez - currently being built), one block from El Poblado’s most popular night life, and only two blocks from Parque Lleras. With two floors currently generating 4,200,000 pesos/mo (office and nail salon), and an additional floor ready to be rented (suggested rent 2,200,000 pesos/mo), this investment could easily return 6,400,000 pesos/mo immediately without further improvements.
Having permits for up to eight floors this building could be converted to any number of things including: hotel, apartments, offices, restaurant, casino, condo/hotel, etc. and is zoned commercial as well as residential, allowing for any number of future expansion and improvement possibilities. Providing superb location, immediate return on investment and flexibility for future alterations, it makes a perfect investment in one of the most opportunistic locations in all of El Poblado. With a little negotiating a 6-7% cap rate could be returned immediately but the big numbers are in what you will do with this great location in the future.
Negotiable from 1,300,000,000 Pesos Asking Price
Medellin Colombia Commercial Properties
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