Prime Corner Lot with Commercial Building

Key Features

• Ground Floor: Open commercial area with restroom and storeroom—ideal for retail or office space.

• Top Floor: Four-room unfinished unit with kitchen, bath, and balcony—perfect for residential rental or office conversion.

• Construction: Reinforced concrete slab foundation, hollow concrete block walls, stone cladding, and galvanized roofing.

• Windows & Doors: Combination of aluminum and timber frame doors, glass louvered and metal louvered windows, all protected by burglar bars.

• Utilities: Fully connected to city mains—electricity, water, telephone, and cable TV.

• Zoning: Residential/Commercial. Highest and best use is commercial.

• Estimated Repairs (Optional): EC $111,075 to modernize and enhance rental potential.

Investment Highlights

• Current Income Potential: Estimated monthly rental of EC $4,395.

• Annual Rental Value: EC $52,740.

• Investment Valuation: EC $659,250 based on income method.

• Projected Post-Renovation Value: EC $740,000 with added resale or leasing opportunities.

• Insurance Reinstatement Value: EC $300,000.

Why This Property?

• Unmatched city-center location with direct access to major roads and pedestrian traffic.

• Located in a thriving medium to high-income neighborhood.

• Surrounded by shopping, banking, schools, public transport, and government offices.

• Ideal for entrepreneurs, investors, law firms, medical practices, or boutique developers seeking to maximize commercial ROI in the capital.

Title: Absolute Freehold
Latest Valuation Date: February 26, 2025
Site Visit Available Upon Request