Engel & Völkers
Exterior view of Engel & Volkers office with parked cars and a white van. The building is brick and has a black awning.

Opportunity: Large Commercial Space + Residence on Av. Italia. With rental income

$1,250,000
  • 4 Bathrooms
  • ~563 m² Total surface
  • ~653 m² Plot surface

Description

Excellent commercial property with an annual income of USD 50,000 and a current contract, located in one of the areas with the highest visibility and traffic in Montevideo, on Av. Italia at the corner of Francisco de Caldas, steps from Plaza Italia Shopping. Main features: Total area: 653 m² Built area: 563 m² Front setback: 5 m Maximum permitted height: 16.5 m Accepts bank financing The property consists of: Spacious commercial premises on the ground floor, with a large main hall, wide windows, private office, two bathrooms, kitchenette, and a warehouse with capacity for more than 20 vehicles. Apartment on the upper floor, with living-dining room, defined kitchen, bedroom, full bathroom, and laundry terrace. Income and potential: Currently leased with a valid contract, generating an interesting annual return. The apartment on the upper floor, with basic features, offers great potential for improvement and appreciation with a simple aesthetic renovation, both for housing and offices. Strategic location: On Avenue Italia, a key connection axis of Montevideo, with high exposure, quick access, and a surrounding environment of services, shops, and transportation. Ideal for: Investors, logistics companies, car dealerships, or developers seeking immediate income and future appreciation.
Features
Air-conditioningOpen viewWheelchair accessible
engel & völkers shop image

Engel & Völkers Carrasco Montevideo

Your advisor: Rosario Collazo

Property ID: W-047CQG

Property details
  • Object type

    Other

  • Condition

    Partly Rehabilitated

  • Bathrooms

    4

  • Number of Floors

    2

  • Total surface

    ~563 m²

  • Plot surface

    ~653 m²

  • Flooring

    Concrete

Location: Malvín, Montevideo

Located on one of the main thoroughfares of Montevideo, this point on Avenida Italia stands out for its excellent connectivity, visibility, and constant traffic flow both from north to south and from south to north. Avenida Italia functions as a strategic corridor that connects the city center with the east, facilitating rapid access to Carrasco, Carrasco International Airport, and national routes 101 and 102, as well as the Interbalnearia Route. Connectivity and transportation: The area has a wide network of public transport, with urban and interdepartmental lines that connect directly with the Center, Tres Cruces, Pocitos, Buceo, Carrasco, and Ciudad de la Costa. This ensures permanent accessibility for customers, suppliers, and collaborators. Surroundings and services: A few meters from Plaza Italia Shopping and surrounded by established commercial premises, workshops, dealerships, banks, supermarkets, health services, and gastronomy, the area combines intense commercial activity with easy parking, a highly valued feature for sectors with vehicular movement. The Malvín neighborhood and its immediate surroundings maintain a residential identity with a strong business presence, where homes, offices, warehouses, and light industrial premises coexist, creating a mixed and dynamic environment. Key distances Montevideo city center: approx. 15 minutes Carrasco Airport: approx. 12 minutes Plaza Italia Shopping: 2 minutes - Portones Shopping: 5 minutes Access to Routes 101 and 102: 7 minutes

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Engel & Völkers Carrasco Montevideo

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