The price on Cuenca’s hottest downtown commercial real estate building is now slashed in half.

Cuenca’s riverside “Castle” building includes 3 restaurant areas, performance and art spaces, a dance studio, 11 bathrooms and so much more. This incredible building has four floors, plus a loft-space designed to be a personal residence. This could easily be turned into one spectacular riverfront villa as well.

Located on the Tomebamba River, in the downtown El Centro area of Cuenca, this spectacular building is 828 sq. meters of construction (8.193 sq. feet) and has 436 sq. meters of riverfront land (4,693 sq. ft). The property has terraces/balconies on every floor with river, mountain and city views galore.

Formerly the home to two of Cuenca’s favorite restaurants — The Vegetable Bar and Eat — this one-of-a-kind commercial space also includes a VIP floor that could be turned into an exclusive private club with an antiqued bar and kitchen; a dance studio easily converted into anything you can imagine; a theater/auditorium space with a stage, dressing room, and bathrooms; and 2 additional restaurant spaces, complete with commercial kitchens. There is also an office and security room, and a loft apartment on the top of the building.

Located on 3 de Noviembre, next to the picturesque “Broken Bridge,” this amazing building is accessible from 3 de Noviembre as well as from Todos Santos, where a handicapped-accessible ramp and entrance is located. The building comes with a two-car underground parking garage.

250 feet away from this riverside delight, is a large public parking lot, making this building the perfect destination for a night on the town or al fresco dining. The potential for this prime property is limited only to the buyer’s imagination. And, whether you want a performing arts complex, a dining pavilion, a convention center or event space, a museum or gallery, a health and wellness spa, a nightclub, a theater¬† an educational facility … or your own dream family El Centro villa on the river, this property is the stuff that dreams are made of.

This building has been lovingly restored by the owners and also has gorgeous hardwood floors, elegant archways, a dramatic antiqued wooden bar, a winding guilded-gold staircase, 3 spacious commercial kitchens equipped with restaurant hoods, tons of wooden built-ins and storage, soundboards, and a security room.  Wiring and plumbing are found throughout the property which features separate WiFi outlets on every floor, ensuring top Internet capabilities. The property also has an electric fence, security cameras and security systems found in its separate security room. The gas in this property is centralized for owner ease.

The asking price for this magnificent, perfectly situated commercial building is $425.000 negotiable. At this price, this property won’t last long.

Property Features

  • 3 Commercial Restaurant Spaces
  • Dance Studio
  • Live-In Loft Apartment
  • Terraces on Every Floor
  • Theater Space
  • Underground Parking