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The Castle: The price on Cuenca's Hottest Commercial real estate Building is Now Slashed in Half

Cuenca, Cuenca, Azuay, Ecuador

Basic Listing Information

Price
$425,000
Listing ID
CS2000007
Property Type
Mixed Use Building
Listing Type
Commercial Sale
Status
Active
Images
43
Beds/Baths
-/11
Baths
11
Location Type
Riverfront, Urban
View Type
City View, Garden View, River View, Valley View
Total Lot Size
436.00 m² (4,693.05 sq ft)
Total Interior Area
828.00 m² (8,912.48 sq ft)

Listing Images

The price on Cuenca's hottest commercial real estate building is now slashed in half. This is an amazing opportunity for a smart investor to purchase an undervalued property and collect in the long-term and set themselves up for ongoing and increasing income. Cuenca's riverside "Castle" building includes 3 restaurant areas, performance and art spaces, a dance studio, 11 bathrooms and so much more. This incredible building has four floors, plus a loft-space designed to be a personal residence. Located on the Tomebamba River, in the downtown El Centro area of Cuenca, this spectacular building is 828 sq. meters (8.193 sq. feet) and has 436 sq. meters of riverfront land (4,693 sq. ft). The property has terraces/balconies on every floor with river, mountain and city views galore. Formerly the home to two of Cuenca's favorite restaurants -- The Vegetable Bar and Eat -- this one-of-a-kind commercial space also includes a VIP floor that could be turned into an exclusive private club with an antiqued bar and kitchen; a dance studio easily converted into anything you can imagine; a theater/auditorium space with a stage, dressing room, and bathrooms; and 2 additional restaurant spaces, complete with commercial kitchens. There is also an office and security room, and a loft apartment on the top of the building.

See what the agent says about this listing (original title and description):

The price on Cuenca's Hottest Commercial real estate Building is Now Slashed in Half

The price on Cuenca's hottest commercial real estate building is now slashed in half. This is an amazing opportunity for a smart investor to purchase an undervalued property and collect in the long-term and set themselves up for ongoing and increasing income. Cuenca's riverside "Castle" building includes 3 restaurant areas, performance and art spaces, a dance studio, 11 bathrooms and so much more. This incredible building has four floors, plus a loft-space designed to be a personal residence. Located on the Tomebamba River, in the downtown El Centro area of Cuenca, this spectacular building is 828 sq. meters (8.193 sq. feet) and has 436 sq. meters of riverfront land (4,693 sq. ft). The property has terraces/balconies on every floor with river, mountain and city views galore. Formerly the home to two of Cuenca's favorite restaurants -- The Vegetable Bar and Eat -- this one-of-a-kind commercial space also includes a VIP floor that could be turned into an exclusive private club with an antiqued bar and kitchen; a dance studio easily converted into anything you can imagine; a theater/auditorium space with a stage, dressing room, and bathrooms; and 2 additional restaurant spaces, complete with commercial kitchens. There is also an office and security room, and a loft apartment on the top of the building.

Long Description

Cuenca's riverside "Castle" building includes 3 restaurant areas, performance and art spaces, a dance studio, 11 bathrooms and so much more. This incredible building has four floors, plus a loft-space designed to be a personal residence. Located on the Tomebamba River, in the downtown El Centro area of Cuenca, this spectacular building is 828 sq. meters of construction (8.193 sq. feet) and has 436 sq. meters of riverfront land (4,693 sq. ft). The property has terraces/balconies on every floor with river, mountain and city views galore. Formerly the home to two of Cuenca's favorite restaurants -- The Vegetable Bar and Eat -- this one-of-a-kind commercial space also includes a VIP floor that could be turned into an exclusive private club with an antiqued bar and kitchen; a dance studio easily converted into anything you can imagine; a theater/auditorium space with a stage, dressing room, and bathrooms; and 2 additional restaurant spaces, complete with commercial kitchens. There is also an office and security room, and a loft apartment on the top of the building. Located on 3 de Noviembre, next to the picturesque "Broken Bridge," this amazing building is accessible from 3 de Noviembre as well as from Todos Santos, where a handicapped-accessible ramp and entrance is located. The building comes with a two-car underground parking garage. 250 feet away from this riverside delight, is a large public parking lot, making this building the perfect destination for a night on the town or al fresco dining. The potential for this prime property is limited only to the buyer's imagination. And, whether you want a performing arts complex, a dining pavilion, a convention center or event space, a museum or gallery, a health and wellness spa, a nightclub, a theater or an educational facility, this property is the stuff that dreams are made of. This building has been lovingly restored by the owners and also has gorgeous hardwood floors, elegant archways, a dramatic antiqued wooden bar, a winding guilded-gold staircase, 3 spacious commercial kitchens equipped with restaurant hoods, tons of wooden built-ins and storage, soundboards, and a security room.  Wiring and plumbing are found throughout the property which features separate WiFi outlets on every floor, ensuring top Internet capabilities. The property also has an electric fence, security cameras and security systems found in its separate security room. The gas in this property is centralized for owner ease. The asking price for this magnificent, perfectly situated commercial building is $820.000 negotiable.

Details
Number of Full Bathrooms 11
Total Interior Area 828.00 m² (8,912.48 sq ft)
Total Lot Size 436.00 m² (4,693.05 sq ft)
Number of Stories 4
Construction Type Concrete, Other
Construction Type Comment Steel supports and steel with concrete
Construction Status Completed
Year Built 2006
Year Remodelled 2017
Appliances Included Dryer, Stove Hood, Washing Machine
Air Condition & Heating No
Furnished No
Pool No
Jacuzzi No
Parking No
Geography
Location Cuenca, Cuenca, Azuay, Ecuador
Country Ecuador
State Azuay
County Cuenca
City/Town Cuenca
Location Type Riverfront, Urban
Geographic Type Highlands
View Type City View, Garden View, River View, Valley View
Infrastructure
Street Access Type Paved Road
Type of Water City Water
Type of Electricity Public
Type of Sewer Public
Type of Internet Cable Internet
Type of Television Cable Television
Financial/Legal
Price per Air-Conditionable Living Area $513.29/m2 ($47.69/sqft)
Price per Square Meter $974.77/m2 ($90.56/sqft)
List Price $425,000
Ownership Type Personal

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Agent Information
Ashley Rogers
Ashley Rogers

Ashley Rogers

Ecuador At Your Service

Phone:
+593 995475116
Cell Phone:
+1 9175030375
Office Phone:
+ 593 99 547 5116
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