Mixed-Use Building El Carmen | 1,809 m² + 917 m² Land | RM3C2 | Repositioning Opportunity | Firm $1.3M

MIXED-USE BUILDING — AV. RAMÓN ARIAS, EL CARMEN

Hybrid asset in an established urban corridor.

Existing income + land value + repositioning potential under RM3C2 zoning.


THE ASSET


• 1,809 m² of construction
• 917 m² land parcel
• 4 levels
• 6 residential apartments + 2 commercial units
• Covered parking for residents and visitors
• Internal laundry area
• Year built: 1965
• Zoning: RM3C2 — higher density, mixed-use, redevelopment potential


CURRENT OPERATING SITUATION


• Near-full occupancy — 1 unit temporarily under renovation
• Approximate gross monthly income: $6,265
• Approximate gross annual income: $75,180
• In 2023, a third bedroom was added to most residential units, increasing rental capacity
• One unit was adapted for office use


THE CORRECT READING OF THIS ASSET


This is not a turnkey asset.

This is not optimized passive income.

This is not a residential play.

This is a hybrid investment opportunity built on three overlapping components:

• Existing income stream that helps cover carry costs while the buyer executes strategy
• Underlying land value in an established area with sustained appreciation dynamics
• Repositioning potential under RM3C2 zoning — ranging from substantial renovation to redevelopment

The asset requires substantial renovation. This reality has already been reflected in the current pricing.

A prior technical appraisal (2017) placed the property above the current asking price range. This should be understood as a historical and structural reference, not as a direct reflection of today’s market.


BUYER PROFILE


• Developer seeking a consolidated site in a central location
• Value-add investor with repositioning capability
• Family office or long-term capital investor with a 5–10 year horizon
• Buyer prioritizing land value + zoning potential over immediate yield


IMPORTANT CONSIDERATIONS


Is the price negotiable?
No. $1,300,000 is firm. Pricing has already been calibrated to reflect the CapEx required from the buyer.

Can individual units be purchased separately?
No. The building is offered as a single transaction only.

Legal and municipal status?
Full operational, title, zoning and financial documentation available for qualified buyers upon direct request.

Available for visits?
Yes, by appointment only. Priority is given to buyers who have reviewed the full listing.


FIRM PRICE: $1,300,000


Operational, title and zoning documentation available for qualified buyers.

Dario Jhangimal
Licensed Real Estate Broker — PN-1240
SpotOne Realty