USD$250,000
Expansive Centro Lot – Block-to-Block Opportunity
Mérida Centro
1,287 m² lotColonial home
Colm Cooney006778
1 / 10
Well Located Lot, Multifamily, Condos, bring your imagination!
Merida ,
1,105 m² lotLand & lotMérida Centro
Located in beautiful Mérida Centro: Minutes from major landmarks, restaurants, and services . This land is ideally suited for multifamily apartments, condos or even a small privada with several single family homes can also be possible. This would be an ideal project for architects, developers and investors. Easily accessible, Calle 65 makes it very appealing for a nice project. Plot map with dimensions in photo gallery. Don’t let this great opportunity pass you by in the beautiful, historic city of Merida!
The USD price listed is tied to a MXN price of $4,750,000 pesos, USD price subject to currency adjustment.
Specifications
| Lot area | 1,105 m² (11,894 sq ft) |
|---|---|
| Parking | Yes |
| Property type | Land & lot |
| Area | Mérida Centro |
| Listing code | 006662 |
What owning this actually involves
Mérida Centro is inside Mexico’s restricted zone, which runs 50 km inland from any coast. A foreign buyer here holds title through a fideicomiso — a Mexican bank trust in which you are the named beneficiary. It is not a lease: you can live in the property, rent it, remodel it, sell it and leave it to your heirs. The term is 50 years and it renews.
The purchase completes before a notario público, a state-appointed lawyer, and typically takes 30–60 days.
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