$3,453,128

Calle Diego de Montemayor Norte 1007, Centro, Nuevo León, Monterrey MXNLE, 64000

Price per sqft$80.38

Built in1986

Property size42,959 sqft

Property typeCommercial

Overview

Active

Listed May 27, 2026

Updated 3 weeks ago

The property features a well-maintained, three-story building with a basement, which can be remodeled or demolished to construct a mixed-use residential development. It is located on Calzada Madero, next to the iconic El Indio Azteca restaurant and bar. The existing building can be converted into a hotel, and the rear portion, facing Reforma Street, can be used to construct 54 apartments and several levels of parking. It is situated in a Transit-Oriented Development (TOD) zone, which allows for flexible zoning guidelines and enhanced urban planning benefits, including up to 300 dwellings per hectare and unlimited floor area ratio (FAR). There is also the possibility of incorporating the adjacent lots, which add an additional 1,360 m², to create a more attractive project on a 2,800 m² lot with up to 84 apartments.

Courtesy of Francisco Lazo with KW Regio
Listing Contact: 8182586105

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