COMMERCIAL/RESIDENTIAL BUILDING (HM) - DENSITY ZEDIFICIO COMERCIAL/HABITACIONAL (HM) - DENSIDAD Z

Building for sale at Av. Fuerza Aérea Mexicana 444, Venustiano Carranza, CDMX, Sale price $10,000,000 MXN

Property Type: Commercial/Office Building (For Extensive Renovation)
Lot Area: 228.6 m²
Total Built Area: 560 m²
Levels: 2 (Ground Floor + First Floor + Second Floor)
Elevator: No
SEDUVI Zoning: Residential with Ground-Floor Commercial Use (Code: HM)
Permitted Height: 4 levels (current: 2 levels).
Minimum Open Area: 25% of the lot (57.15 m²).
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II. Current layout
Ground Floor: Space for 3-4 vehicles, offices, bathrooms.
First and Second Floors: Offices and bathrooms.
Rooftop: Structure for a large advertising sign.
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III. Permitted land uses (SEDUVI)
Highlights for investment:
- Retail: Grocery stores, pharmacies, hardware stores, furniture stores, sale of construction materials.
- Services: Offices (financial, legal, real estate), medical offices, gyms, academies, laundromats.
- Food: Restaurants without alcohol (fondas, cafés, taquerías).
- Light Industry: Handicrafts, bakeries, printing shops, textile production.
- Parking: Public/private (permitted only on the ground floor according to zoning).

Key restrictions:
- ❌ Prohibited: Bars, cantinas, nightclubs, video bars (except in specific HM corridors not applicable here).
- ❌ Restaurants cannot sell alcohol at this location.
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IV. Development potential
Key opportunities:
1. Expansion: Build up to 4 levels (2 additional levels).
2. Commercial-Residential Mix: Ground floor for retail/services + upper levels for offices or residences.
3. Usable Rooftop: Make use of the existing structure for advertising.
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V. Legal status
Deed: Free of liens.
Ongoing Process: Award through intestate probate proceedings (must be completed before transfer).
Outstanding Debts: Property tax and water. These will be settled upon transfer (cost assumed by buyer).
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### **VI. Critical observations**
1. **Urgent Legal Advice:** Verify the progress of the intestate probate proceedings and associated risks.
2. **Commercial Feasibility:** Confirm the exact restrictions of the "Z" density designation with the **Delegational Urban Development Program**.
3. **Outstanding Debts:** Calculate the exact property tax/water amounts before making an offer.
4. **Use Restrictions:** Projects involving alcohol sales **are not viable**.

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