Parking Lot In Near Galvez Market In Historic Center & Development Land | Calle 54

SALE PRICE:

$419,000 USD

Located in the heart of Mérida, steps from the iconic Mercado Lucas de Gálvez one of the city’s highest-footfall commercial corridors, this 621 m² property is a rare multi-use investment in a zone where land is scarce and demand is constant.

The property currently combines a functional residential unit with an operating parking lot, generating income from day one. The dwelling includes 2 bedrooms and 1.5 bathrooms and can be occupied, rented, or repurposed.

The remainder of the land is already operational as a managed parking facility, one of the most in-demand and undersupplied services in Centro, with covered and open-air spaces for up to 24 vehicles.

Beyond its immediate cash flow, the site offers enormous development potential. With up to 2 permitted levels under current zoning and over 600 m² of urban land, a buyer can envision commercial units, warehousing, professional offices, a mixed-use building, or a boutique hospitality concept. The land is flat, accessible directly from Calle 54, and fully serviced with water, electricity, and telecommunications.

Key investment highlights:

-Steps from Mercado Lucas de Gálvez (This is the largest and most important market in Mérida, with over 2,000 vendors and about 45,000 m² Here you’ll find everything: food, meat, fruits, clothes, crafts, street food. It is a very busy, chaotic, and super local market).
-Immediate income from parking operation
-High pedestrian & vehicle traffic zone
-621 m² land (scarce in Centro)
-Up to 24 parking spaces
-Residential unit for rent or owner use
-Zoning allows up to 2 levels
-Strong long-term appreciation

Asking price: $7,500,000 MXN price in USD is for reference puporses only. Feel free to contact Alex Carrillo at +52-999-243-4817 or at alex@tierrayucatan.com to schedule a visit to your future parking lot!