U$S 740,000

$ ~29,800,000 / U$S 2,096/m2

US$ 730/m2 · 22% cheaper than the median of Montevideo

Published 46 days ago
Bathrooms

1

Garage

1

Area

353

Construction Year

1966

Category

Hotel

Views

176

Commercial premises for sale with storage and apartment in Centro

Building for sale on Yaguarón Street, in the heart of Montevideo's institutional and corporate corridor in Centro, half a block from Torre de los Profesionales and a few meters from the Montevideo City Hall, Banco de la República, and a dense concentration of law, notary, and accounting firms.

Features:

  • Single property parcel of 353 m², with a wide 16.27-meter frontage on Yaguarón and 1,014 m² built across 4 levels: basement, ground floor, mezzanine, and first floor.
  • Solid 1966 structure, available for immediate corporate use, renovation, or comprehensive repurposing.

Interior layout:

  • Main premises (ground floor and mezzanine): offices, meeting rooms, kitchen, and 4 bathrooms; a versatile layout for corporate, institutional, or professional use.
  • Basement: spacious storage area with ample capacity.
  • Top level: 184 m² apartment with 4 bedrooms and 2 bathrooms, plus 1 staff room with a bathroom, currently used for storage. It has a living-dining room with a wood-burning stove, sitting room, separate kitchen, and a large terrace.

Ideal for:

  • Corporate headquarters for a medium-sized or large company, with a residence or management offices on the upper level.
  • Educational institution, clinic, business chamber, or trade association headquarters.
  • Large professional firm in a highly visible location.
  • Boutique renovation with offices and mixed-use spaces, or a mixed office-and-residential arrangement.

Development:

The property has no heritage protection, allowing freedom to carry out work ranging from updates to a major renovation. It is also in an area covered by the Promoted Housing Law (No. 18.795), with a permitted height of 27 meters plus a roof penthouse. This offers an alternative residential development opportunity with tax exemptions for IVA, ITP, Wealth Tax, and IRPF on rental income for 10 years.

A rare opportunity in Centro's corporate corridor, combining scale, an institutional location, and regulatory flexibility in a way that is hard to find in the area.

Price:

USD 740.000

Real estate fees:

3% + IVA

Inquiries and viewings:

Propicks Inmobiliaria.

Property details

ID

Category

Type

Area

Built Area

Rooms

1670652

Hotel

Sale

353

1014

1

Bathrooms

Garage

Construction Year

Code

Updated

1

1

1966

RC0671

2026-10-18

Payment calculator

Loan: US$ 555.000
Monthly payment
US$ 4.303

Approximate: fixed rate, no insurance or fees. Check the terms with your bank.

Location

740к U$S

Location

Montevideo

Address

Montevideo

What's nearby

Public transport
Uruguay y Yaguarón
100 m · 1 min walk · 14 within 1 km
Supermarket
Disco
140 m · 2 min walk · 21 within 1 km
School
Escuela 259 C.E.P.O.A.
120 m · 1 min walk · 37 within 1 km
Pharmacy
Astral
150 m · 2 min walk · 37 within 1 km
Park
Plazuela Cristóbal Echevarriarza
350 m · 4 min walk · 13 within 1 km
Show 6 more
University
Facultad de Comunicación y Diseño
240 m · 3 min walk · 13 within 1 km
Hospital or clinic
Policlínica Aguada
430 m · 5 min walk · 6 within 1 km
Beach
1.5 km · 18 min walk
Bank or ATM
Banred
300 m · 4 min walk · 39 within 1 km
Restaurant or café
La Isla
100 m · 1 min walk · 74 within 1 km
Gym
Aerobic
780 m · 10 min walk · 3 within 1 km

Straight-line distance, walking time at 4.8 km/h. Map data © OpenStreetMap contributors

Amenities

Barbecue / grill

Additional Actions

Street View
Propicks Inmobiliaria
091...531 098...172 096...432
+59...199
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