Commercial in Sint Nicolaas, Aruba[AW]

001301464070 - Seroe Preto 75 – Commercial Property with Redevelopment Potential | San Nicolas, Aruba - Located in the established neighborhood of Seroe Preto, just minutes from the center of San Nicolas, this commercial property offers an opportunity for investors or developers looking for a renovation or redevelopment project in Aruba.The property is situated on a1,098 m² parcel of long lease land and features an existing concrete block commercial building with approximately532 m² of built-up area, along with an additional16 m² storage structure.Major repairs are required. Demolition and reconstruction may be necessary The commercial building includes several interior spaces, a kitchen, and bathroom facilities. The premises also feature approximately 296 m² of paved outdoor areas and are enclosed by concrete block walls with metal entrance gates.Property FeaturesLocation: Seroe Preto 75, San Nicolas, ArubaLand Size: 1,098 m²Commercial Building: Approximately 532 m²Additional Storage: Approximately 16 m²Outdoor Paved Area: Approximately 296 m²Land Status: Long lease land (Erfpacht)Property Type: CommercialCondition: Requires extensive renovation or redevelopmentLocation & PotentialSituated less than one kilometer from the center of San Nicolas, the property benefits from its location within an established area surrounded by residential properties and commercial activities.Its substantial parcel size and existing commercial structure provide possibilities for future redevelopment, subject to the necessary permits, zoning requirements, and applicable regulations.Property ConditionThe existing building requires significant attention due to deterioration, fire damage, and structural issues, including partially collapsed roof sections. Extensive renovation or demolition and reconstruction should be considered, subject to professional assessment.This property is particularly suited to buyers seeking a redevelopment opportunity with the flexibility to explore new possibilities in San Nicolas.Contact RE/MAX Aruba for additional information or to discuss this property's potential.