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“Avenida A” The primary main street in Casco Viejo.Fantastic visibility for commercial property as every car that enters Casco Viejo uses Avenida A. It connects several landmarks such as the Jesuits Convent and the Canal Museum, with Plaza Catedral. With several restored buildings, it already hosts the neighborhood gourmet shop and the first high end bed and breakfast in Casco.

This commercial building in Casco Viejo is in solid structural condition and is located at the heart of Avienda A. It is the perfect location for Casco’s first entirely commercial building. With plans approved for a restaurant, gallery, office space and apartments, this is an opportunity for a savvy investor to restore this landmark building. It can be let in its current form and currently hosts two commercial tenants, Diablo Rosso (a restaurant) and SketchFAN (a local architect. Limited work and financial outlay is required to restore the building, which will command premium rents on this prominent corner of Casco Viejo.

The owner/developer of the building would sell the entire building, the ground floor commercial space, offices and/or apartments. Pricing depends upon finish requirements. The building will be delivered to the very highest standards and the project will be lead by a US contractor that has previous experience refurbishing Casco Viejo Properties.

In the event of an outright purchase of the building for $1m, the additional renovation costs would be less than $500,000. This allows an investor to secure 975m2 of prime commercial renovated space for less than $1,538 per m2, which is a discount of over 60% available in the marketplace today. Listing updated 28th September 2011. This really is a once in a lifetime opportunity for an investor looking for long term gains not only in property value but also with commercial rental income.