Building for Sale in Casco Antiguo, Donovan

Casa Donovan – Unique Opportunity in Casco Antiguo

Overview
Corner building located in Casco Antiguo (Casco Viejo) with historic charm and high-yield potential. The property features flexible distribution and privileged sea views from the upper floors. Ideal for investors seeking growth and reconfiguration opportunities.

Key Features

• Location: Casco Antiguo, strategic corner with high tourist and commercial traffic.
• Structure and Distribution: multi-level building with elevator.
• Units and Floors:
  • 11 apartments: seven one-bedroom and four two-bedroom units.
  • One three-bedroom penthouse on the upper level with exceptional views.
• Commercial Spaces: 3 ground-floor commercial units; 2 currently leased.
• Views: floors 3 and 4 offer sea views, an exceptional feature in Casco Antiguo.
• Development Potential: preliminary project to convert the property into 27 rooms, significantly increasing rental income and density.
• Total Area and Finishes: (additional details available upon request).

Financial Information

• Sale Price: $3,800,000
• Current Gross Income: $14,000 monthly (approximate)

Advantages and Opportunities

• Premium location in Casco Antiguo with high demand for tourist and residential accommodation.
• Corner building with excellent visibility and accessibility.
• Expansion opportunity through preliminary project to generate 27 rooms.
• Three commercial spaces with current income and revenue expansion potential.

Recommended Sales Strategy

• Highlight development potential and opportunity to maximize profitability with the preliminary project.
• Emphasize sea views and Casco Antiguo location as primary attractions.
• Present financing options and conversion scenarios (apartments, boutique hotel, or traditional rental).
• Contact us to schedule a visit!