For Sale
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Property summary
This exceptional 3,584 square foot office building, situated in Montevideo's historic downtown area, presents a unique opportunity for businesses of all sizes. The property, located at 416 N 1st Street, sits on a 0.28-acre lot and offers six individual office spaces available for lease. Businesses can choose to lease a single office or occupy the entire building, providing flexibility to accommodate varying needs. All utilities are included in the rental cost, offering a convenient and predictable expense structure. Included utilities encompass gas, electricity, water, trash removal, and non-secure internet access. Each office has been recently updated with fresh paint, modern lighting, and new carpeting. Shared amenities include a common waiting area and two restrooms for the convenience of tenants and their clients. Rental rates are determined by the number of offices leased and the length of the lease term. A minimum one-year lease is required. This property offers a blend of historical charm and modern functionality, making it an ideal location for businesses seeking a prominent presence in Montevideo's vibrant downtown core. The building's central location and inclusive utility package provide an attractive and cost-effective solution for businesses seeking office space.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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