mixed use building with income potential
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Property Description
Constructed on a 3,800 ft2. (353 m2) lot in the center of Historic Loja – this property consisting of two buildings offers all of the convenience of downtown living with multiple sources of rental income.
This unique opportunity is located on Calle Bolivar, the main street in downtown Loja – just 3 blocks from the central square.
The first building is 6 stories and boasts 864 ft2 of store front, 6 office spaces ranging from 137 to 387 ft2, and 3, 1,980 ft2., 3 bedroom 2.5 bath apartments.
In addition the foundation could support two more floor of construction.
Situated behind the building is a 4 story, 11,625 ft2. (1,080.03 m2), 4 bedroom, 3 bath home.
Deeded together on one title, one could live in the home continue renting the building as the current owners do, turn the home into a rental property as well, or subdivide and sell the house to finance the construction of two additional floors to increase the rent roll – the options are endless.
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$949K
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Ref. #LOJLOJ5
Loja, a small slow-paced city nestled in the foothills of the Andes Mountains, offers a unique set of lifestyle benefits at an extremely attractive value. The natural beauty of the surrounding area, temperate climate, and its safe, friendly, and relaxed atmosphere make Loja a wonderful place to settle. Read More >
