Property Description

Excellent investment opportunity at appraised value in the heart of Morovis. This four-story commercial building, located at 22 Buena Vista Avenue, offers approximately 20,402 square feet of gross building area and 15,167 square feet of leasable area. Currently, the second and third floors are leased to the Department of the Family (over 30 years) through a contract valid until September 2029 (with plans to renew), generating a fixed monthly income of $14,622.18, equivalent to $175,466.16 annually. The property features an elevator with access to all floors, central air conditioning, a 200 kW emergency generator, a 600-gallon cistern, an electrical substation, 10 electric meters, storage areas, and parking for approximately 30 vehicles (some are not included in the deed). The fourth floor offers approximately 3,545 square feet of additional unfinished space, creating an opportunity for expansion or further development. The property is located on a plot of approximately 1,250.73 m, with commercial zoning C-1 (CL) and, according to the appraisal, is in Zone X, outside the designated flood risk area..

Property Features