Land for sale in Las Mercedes, Asunción

Strategic corner lot on Av. España, with development potential of up to 10 floors (FM1B). Located at the corner of Av. España and Padre Cardozo, in the Las Mercedes neighborhood of Asunción. This 629 m² commercial corner is on one of Asunción’s busiest and most valuable commercial and corporate avenues, at the meeting point of the New Corporate Axis and Asunción’s downtown area.

Nearby landmarks:

• Colegio San Andrés
• ANDE Central
• ESSAP
• Banco Familiar
• Sanatorio Americano
• Universidad Columbia del Paraguay
• Itaipu Binacional, Asunción office

Key points and urban regulations:

• Lot area: 629 m²
• Frontage on España: 12,7 m²
• Side frontage on Padre Cardozo: 50,6 m²
• Building area: 250 m², currently available for rent
• Zoning: FM1B (Mixed Strip 1B)
• Maximum permitted height: up to 10 floors
• Building coefficient: 5
• Buildable area: 3.774 m²
• Maximum Occupancy Rate (TOM): 70%
• Corner lot: dual frontage, maximum visual exposure, and potential for vehicle/logistics access from the secondary street, Padre Cardozo

Development and investment potential:

• High-rise residential project or multifamily rental. Ideal for building a tower of 1- and 2-bedroom apartments for executive tenants or short-term rentals/Airbnb, in response to high demand in the area.
• Corporate headquarters or boutique office building. Excellent brand and corporate image exposure, with commercial ground-floor space for a showroom or private banking offices.
• Gastronomic or anchor retail hub. Suitable for national and international brands seeking a key location along the Av. España corridor.