$200,000

Avenida Este 14 Terreno antigüo Hotel Castan, Libertador, Caracas, Distrito Capital, 1010

Price per sqft$29.87

Property size6,695 sqft

Property typeCommercial

Overview

Active

Listed May 1, 2026

Updated 13 days ago

Strategic Investment Opportunity in the Heart of Caracas! Located in La Concordia (Santa Teresa Parish), this 622 m² property represents a gem for real estate developers. With 80 years of history, the true value of this property lies in its potential for complete transformation. Key Points: Premium Location: Situated in an area with government-projected plans for massive commercial development. Projected Profitability: Estimated appreciation between 60% and 80% upon execution of a demolition and new construction project. Current Layout: It has an entrance hall, courtyard, reception area, and 36 rooms (31 with ensuite bathrooms), ideal for utilizing the square footage in a new structure. It is not being sold as an operating hotel, but as the perfect canvas for a commercial or residential building in an area of extremely high demand and guaranteed appreciation. Strategic Asset with Projected Appreciation of 80% in Downtown Caracas. Invest securely in real estate in La Concordia, with exceptional appreciation potential. Due to government commercial development plans in the area, the projected appreciation from demolishing and constructing a new building ranges between 60% and 80%. Profitability: High rate of return through new construction. Context: Area experiencing significant appreciation due to urban development. Location: Key location with guaranteed commercial demand.

Courtesy of Racir José Domínguez Prieto with CENTURY 21 Ventana Inmobiliaria
Listing Contact: +584129913415

The IDX display contains information sourced from Omni MLS as of 9/28/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.