LandMexico City (Mexico)

Price :

$3,976,300

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

Surface2,633 m²

Embedded in the heart of the famous and picturesque cultural and touristic Coyoacan, this gigantic piece of land of 2 thousand 633 square meters, that covers three streets of the block, opens its doors to new investors for the first time since 1955.
The property consists of three house farms, whose hulls could be remodeled and adapted to new constructions, or demolished to start a project from scratch. The spatial arrangement lends itself to the imagination and legal permits are on point with the use of residential land. The turns that the property allows are of the type Airbnb hostel, museum, gallery, historical house, or building a three-floors house, in each space of 500 sq. m, giving a total of 5 houses that could occupy the land. You can also apply to the Coyoacan mayor's office for a land use modification permit and build 3 to 6 apartments every 500m2, with commercial or mixed land uses also. The change of land use should take place without inconvenience because in the same block, and in the same neighborhood, there is already a history of change of land uses for commercial purposes. All this is in order to provide quality services at a national and international level to the floating population of the area such as tourists, artists, professors, historians, businessmen, diplomats, leaders, students, etc.
Last but not least, Del Carmen, the emblematic neighborhood of Coyoacán, maintains, according to the most recent studies3, strong profitability in prices per square meter after the capital gain generated by the 2017 earthquake4. Since being a rocky area, the stability of the soil is more significant than in the west part of the city, which makes it a safer area within a seismic city such as Mexico City.
Without a doubt, the unbeatable and strategic location of this property and its dramatic dimensions open up an endless range of opportunities to develop and attract the most diverse audiences. This is an unmissable life opportunity for a safe and privileged investment. An authentic unicorn terrain, unprecedented and unusual to find something like this in the area as it was considered a myth... and this space brought it down.