This mixed-use Cuenca property in a prime location is close to restaurants, stores, and high-end residential buildings and just minutes away from the downtown historic El Centro area of Cuenca. The property was once a palatial family home, and — with a little restoration — could be an elegant, one-of-a-kind family home again. For the past eight years, the property has been leased to a Chinese corporation and the home was converted into a commercial/residential property

The 390 sq. meter (4,198 sq. foot) property sits on 308 sq. meters of valuable land that could physically and functionally accommodate residential, commercial, cultural, hospitality, institutional, or small businesses, so it’s the perfect purchase for an entrepreneur or smart investor looking for a quality property, in a super popular neighborhood, with diverse income-producing potential.

This ideally-located building has charm and character including high cathedral ceilings, hardwood floors, fireplaces on the main floor and in an upstairs master bedroom, an exquisite hand-carved wooden door, a beautiful winding wooden staircase, chandeliers, planters and lovely architectural details.

The open-concept downstairs includes a sunken living room, a dining area, an office, a social bath and a large kitchen, as well as an outdoor patio area that leads to a small stand-alone building with a bathroom that could easily be made into the office for a commercial endeavor or used as a mother-in-law’s suite, a guest house or a rental property. There are 3 upstairs bedrooms with tons of closet space, 3 bathrooms – two with bathtubs, and a sitting area that leads to a small terrace. There is also a patio area in the front of the house and a large basement.

The dynamic mixed-use neighborhood has everything from casual to fine dining, retail to office space, small businesses to a school, and is the perfect place to live and work, invest in a mixed-use space, or simply restore a beautiful home for your family.

This multi-use, multi-purpose building, located right across the river from the historic center of Cuenca is in a hot real estate corridor, with comparable properties running $600 per sq meter of land and $450 per sq meter for the construction.

This unusual find is priced at $325,000 negotiable.