Residential and commercial property in AT zone. Investment opportunity in downtown Asunción.
Location:
Teniente José María Fariña Street No. 1063, between Brasil Street and Estados Unidos Avenue, 200 meters from Doctor Gaspar Rodríguez de Francia Avenue and steps from Estados Unidos Avenue, San Roque neighborhood.
Transition zone.
Strategic location, a few blocks from major avenues such as Mariscal López and España.
Near San José, Internacional, and María Auxiliadora schools.
Land features:
Building coefficient: 10.
Buildable area: 6650.
Maximum occupancy rate: 75%.
Number of floors for a building project: 14 floors.
The land has a structure to be demolished. Its features allow for the development of an apartment building for residential use, with commercial premises on the ground floor, or a building with a storage facility, commercial premises, and parking.
Investment potential:
The Historic Center is regaining appeal with government incentives. Some residential and corporate buildings can also be seen.
Medium-term appreciation in value.
Housing for students and young professionals: due to its proximity to universities and healthcare centers, there is sustained rental demand.
Apartment building development: the current trend in Asunción indicates that apartment towers have an estimated annual appreciation of between 8% and 10%, higher than that of traditional houses.
Factors to consider:
The Historic Center Revitalization Plan includes a very significant investment and improvements to LED lighting and security that will directly affect how this area’s value is perceived.
