Land for sale, 4400 m² - Nazareth, Asunción

Current features:

• Large traditionally built warehouses, maintained in excellent condition
• Older residential buildings that remain habitable

The existing infrastructure makes it possible to start using or generating income from the property immediately, without having to develop the entire site from day one. The warehouses can be adapted for storage, a distribution center, urban logistics operations, specialized workshops, importers and distributors, car dealerships, a large-format showroom, a corporate operations center, and commercial or industrial activities compatible with current regulations. The existing residential buildings may also be temporarily used as administrative offices, staff housing, support spaces or supplementary units while a future transformation of the property is planned.

Location:

The property is on Avda. Eusebio Ayala, an established corridor connecting important areas of Asunción with the metropolitan area. Its location offers excellent connections to Asunción’s main commercial areas, the city center, the corporate district, major metropolitan access avenues, supermarkets and shopping centers, public and private institutions, the Electoral Justice building, and educational, medical and service centers.

For a company, this location makes it possible to maintain operations within Asunción while also having approximately 4,400 m² of land, an increasingly scarce offering along the city’s main corridors.

Development potential:

One of the property’s main attractions is its redevelopment potential. The area has urban planning parameters favorable to larger-scale projects. According to the regulations analyzed for the FM3 zone, the property has a reference floor area ratio of 8 on the avenue, subject to final verification of the project by the Municipality of Asunción.

On an approximate area of 4,400 m², this represents a theoretical potential of up to approximately 35,200 m² of countable buildable area. The final number of floors, buildable area and permitted use must be determined through an architectural study and municipal approval, taking into account setbacks, parking, site coverage, circulation, technical areas and other applicable provisions.

Possible developments:

Mixed-use project:

• Commercial ground floor with stores, showroom, dining or services
• Offices or corporate spaces on intermediate floors
• Apartments or residential units on upper floors
• Parking and technical areas integrated into the project

This would allow income sources to be diversified within a single development.

Residential development:

There is potential to explore an apartment project aimed at different market segments, potentially including:

• Residential units
• Amenities
• Commercial areas
• Parking
• Complementary services

Corporate complex:

The property could also be converted into:

• Corporate headquarters
• Administrative center
• Offices
• Warehouses
• Operations center
• Fleet parking

All within one property.

Urban logistics center:

Its considerable depth and access from a main avenue make it possible to consider a configuration for administration, storage, distribution, parking, loading and unloading. This is particularly interesting for companies that need to distribute products within Asunción and the metropolitan area.

Car dealership or showroom:

The frontage on Avda. Eusebio Ayala can be used for commercial displays and customer service, with the rear section used for:

• Workshops
• Warehouses
• Spare parts
• Offices
• Parking
• Logistics

Phased development:

Another major advantage of the property is that it does not necessarily require immediate transformation. An investor could:

• Phase 1: maintain and generate income from the existing buildings
• Phase 2: develop the commercial frontage
• Phase 3: progressively carry out a larger-scale real estate project

This makes it possible to manage capital more effectively and reduce the cost of holding an unproductive site while the final project is being developed.

Opportunity for international capital:

In recent years, Paraguay has become a market of growing interest to foreign capital seeking real estate assets, urban development and business opportunities in the region. In this context, large properties on established avenues in Asunción are increasingly difficult to replicate.

This property offers a combination of approximately 4,400 m² within Asunción, direct frontage on Avda. Eusebio Ayala, approximately 26 meters of frontage, considerable depth of approximately 180 meters, infrastructure that can be used now, warehouses in excellent condition, additional habitable buildings, the possibility of immediate rental or use, real estate development potential, the possibility of a commercial, residential, corporate or mixed-use project, and an approximate price of USD 409/m².

Investment:

The sale price is hidden in the listing. The value is equivalent to approximately USD 409 per m².

An opportunity for buyers who are not simply looking to acquire land, but to add a strategic real estate asset to their portfolio that can generate value both now and through future development. Ideal for developers, investment funds, family offices, multinational companies, retail chains, logistics operators and business groups seeking to establish or expand operations in Asunción, Paraguay.

The development parameters mentioned are for reference and must be confirmed through an urban planning report, cadastral documentation and approval of the project by the Municipality of Asunción.