New price on 532 sq. meter riverfront land in Puertas del Sol

This prime 532 square meter Cuenca riverfront investment property is perfectly suited for commercial development or an exclusive luxury condo building in the heart of the beautiful UNESCO World Heritage site city of Cuenca. This was the dream of the property’s owner, an American entrepreneur who is reluctantly putting this parcel of land up for sale due to other time-consuming business obligations. The land has already been cleared and is ready for immediate development. It is located in one of the top neighborhoods in Cuenca … Puertas del Sol … on the Tomebamba River. It could also be an amazing single-family home right on the river in a perfect location near to restaurants, cafes, hospitals, Supermaxi (Cuenca’s largest grocery chain), and minutes away from the tram that will whisk you downtown in a blink of an eye.

With this exceptional riverfront property, your beautiful views are ensured forever. Behind this riverfront property an exclusive new condominium building, Edificio Goya, is scheduled to be open in September, 2021 and constructed by one of Cuenca’s top architects, illustrating the popularity of this neighborhood and its prime location. The owner has already secured building permits (though they will require renewal) and has an architect/developer in mind that could build, and is familiar with the project. Interior designers are also on board who have experience bringing in containers filled with furniture, rugs, and lighting from around the world once the complex is completed, should the investors be interested in a full, turnkey project.

Should you be interested in building a single-family home on the site, this is one of the last riverfront properties available in the prestigious Puertas del Sol area and Ecuador At Your Service can introduce you to the city’s top builders and architects should you want to build your own dream home.

The owner’s idea — La Toscana — was conceived of as a luxury building with six very large two-bedroom two-bath apartments with large terraces, and a penthouse plus underground parking, and three commercial areas. The land could accommodate a less exclusive apartment complex, with more apartments should the buyers choose to go that route and there is a possibility of adjacent land being available for sale — which Ecuador At Your Service can check on — making the entire building area even larger if the investor is interested in a more expansive building project. This land could also accommodate a parking garage thanks to its proximity to the Tram, for people who want to leave their cars and ride downtown. However, having a high-end, boutique luxury apartment complex — La Toscana — near the colonial downtown area, would draw wide appeal for both expats and locals. A complete plan for a project similar to La Toscana is available to serious buyers. To get a glimpse of the exterior of the proposed project please see our video

$395,000 negotiable.

Address: Tres de Noviembre, Cuenca.

Please mention GringoPost when inquiring about this property. Property ID: RE-1631123032

I am a real estate agent, Ecuador At Your Service: 099 547 5116

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