Building for sale

$15,000,000 MXN

Edificio en Venta en Iztapalapa | HM5/40/8 sobre Av. Leyes de Reforma

Avenida Leyes de Reforma , Leyes De Reforma, Iztapalapa, Ciudad De México

On Av. Leyes de Reforma, corner of Calle 11 de Enero de 1861, very close to Periférico, Mexico City
Investment opportunity to develop, rent, or reposition a commercial building with residential and commercial use, located on a corner lot, with exposure on one of the area's main thoroughfares.

Layout:
• 3 commercial spaces on the ground floor
• 4 upper levels

Building for Sale on Av. Leyes de Reforma, Iztapalapa, Mexico City

Building for sale located on Av. Leyes de Reforma, corner of Calle 11 de Enero de 1861, Iztapalapa borough, Mexico City, with access to Anillo Periférico, Canal de Tezontle, and Eje 6 Sur Trabajadores Sociales.

The property has 389 m² of land and 1,549 m² of construction, distributed across the ground floor and four upper levels, with a 19.40-meter frontage on Av. Leyes de Reforma and a 20-meter frontage on Calle 11 de Enero de 1861.

The building includes three commercial spaces on the ground floor and upper levels, zoned for mixed residential and commercial use, in accordance with the HM5/40/8 zoning established by SEDUVI.

The zoning permits mixed residential use, up to five levels, 40% open space, and up to eight dwellings, with a maximum construction area of ​​1,149 m², in accordance with applicable regulations and subject to verification by the relevant authorities.

The building includes a reception area, electrical wiring, lighting, a freight elevator, a cistern, water tanks, and stairs.

Current estimated monthly income: $90,000 MXN.
Current estimated CAP Rate: 7.2%. Projected CAP Rate: 8.5%.

The property has access to water, electricity (CFE), drainage, gas, and municipal services.

The location provides easy access to Av. Leyes de Reforma, Canal del Moral, Anillo Periférico, and Canal de Tezontle, as well as proximity to landmarks such as the Central de Abasto (wholesale market), CETis (Technological Institute of the State of Mexico), Colegio de Bachilleres Plantel 7 (High School No. 7), the Cabeza de Juárez Monument, and the UNAM College of Sciences and Humanities. Distances and travel times are approximate and should be verified.


Features:
Price: Subject to confirmation
Land area: 389 m²
Construction area: 1,549 m²
Frontage on Av. Leyes de Reforma: 19.40 m
Frontage on Calle 11 de Enero de 1861: 20 m
Shape of the lot: Regular
Approximate age: 30 years
Number of floors: Ground floor + 4 floors
Zoning: HM5/40/8
Commercial spaces: 3
Freight elevator
Water cistern
Water tanks

*Documentary information available at the office by appointment.

*Price, availability, dimensions, areas, features, income, and documentation are subject to confirmation and validation.

Submitting this information does not obligate either party to enter into any contract.

Real Estate Brokerage Agreement, registered with PROFECO under number 8747-2023, dated October 6, 2023.
Images may include staging or visual adjustments for illustrative purposes.