Commercial property for sale in La Unión, development opportunity

An important property located on Av. 8 de Octubre, one of Montevideo’s main avenues, ideal for investors, businesses or developers seeking a property with potential for appreciation.

Features:

• Common land parcel with approximately 394 m² of land and 437 m² built.
• 10 meters of frontage, FOS 80% and permitted height of up to 27 meters.
• Developed over two floors.
• Spacious street-front commercial premises with excellent visibility on Av. 8 de Octubre.
• Large halls, offices, storage rooms, service areas, bathrooms and auxiliary spaces.
• Accessible rooftop terrace.
• Rented unit generating monthly income of $18.000.

Condition:

The property requires updates to its electrical and plumbing installations, as well as general refurbishment. It is an opportunity to renovate, modernize or develop a project suited to the buyer’s needs.