INVESTMENT PROPERTY (700+ m2) For sale in the prime Merida Centro location. Plans and permits have been approved for a 4 unit condo complex with a community pool. There are currently two existing homes, Casa Gamboa (135m2) and Casa Luna(142m2), and for the last three years we have called Casa Luna home. Casa Gamboa is currently undergoing renovations, with brand new electrical service and wiring, completely new plumbing system with biodigestor, 750l tinaco, a reinforced and updated structure, many new windows and protectores. We have also roughed in a brand new master bath addition. Only requires aesthetic masonry work, some Iron work, tile selections and finishing’s.
Sale includes full architectural plans and permits for two new structures, Casa Sol and Casa Zapote, which will be located at the rear of the lot. The land for these structures has been fully cleared, and a 5000L water cistern has been installed to serve the entire property. Currently, there are two electric meters, one of which is a commercial 220V.
Upon completion, the property will consist of four condos or a hotel/STR rental project, depending on the buyer’s preferences. The development is ready to go, with full architectural plans, a solid building company, all necessary permits, and a substantial profit margin available.
Please email any questions and we will send architectural plans and more details!
We typically can do property tours anytime virtually and in person on Saturdays and Sundays.