For Sale $950,000 - Colonial Home, Commercial, exclusive listing, Home, Hotels, Investment Property, Lakeview property, Mansion, Office, Residential, Residential Commercial, Vacational Property, Villa
A piece of history with this Historic Mansion
Historic Building for sale! The Favilli building was designed and constructed in 1925 by renowned Italian architect and sculptor Mario Favilli. With its amazing neoclassical style built using Italian marble with exquisite sculptures and a tranquil central garden. The elegance and grandeur of the era are undeniable. This is a rare opportunity to own a piece of history in the historical city of Granada. The building’s perfect location, excellent tourist traffic, and especially name recognition offer unlimited possibilities for development. This property has amazing potential for various business ventures such as a private luxury mansion, hotel, museum, or even an experiential/luxury business.
The front of the building showcases the Spanish Colonial and Neoclassical styles while still providing room for a single-car garage and a driveway.
Enter through the main door and witness a magnificent staircase that leads to the second floor. This is a rare four-story building here in Granada and was originally only a 2 story. The third and fourth floors were integrated afterward.
Undeniably a stunning property with so many options for development.
3rd and 4th floor Miradors
The third floor has a lovely large open terrace with incredible views of the city, Lake Nicaragua and Mombacho volcano. Experience the enclosed terrace on the fourth floor. The tiled flooring and large windows that open offer spectacular views and refreshing breezes.
Mombacho Cigars purchased the property in 2014 for the production of their renowned cigars. However, the manufacturing process has since been relocated, which has left this charming historic building open for redevelopment.
Unlimited possibilities in the development of this amazing opportunity.
Additionally there is an opportunity to continue the production of world-famous Nicaraguan cigars (second only to Cuba) under Mombacho Cigars or start your brand!
The large salons were previously used to manufacture the famous cigars.
Also, you can have a boutique hotel with a stunning elegant atmosphere with a little work to add bathrooms. Or easily convert it into a museum and art studio. The Favilli building was originally built as the personal residence for the family. It could once again become a fabulous family home. Presently there are 3 full bathrooms and 2 half bathrooms.
This building is in excellent condition and has received exceptional care. There’s a large capacity cistern that has been installed and can operate for a week or more without city water, as well as a commercial generator that can run the entire building during power outages. The electrical service in the building has been upgraded, and air conditioning has been installed in most rooms.
Nicaragua is a vibrant and exciting country listed as the safest country in all of Central America. With its growing economic status and low cost of living it is quickly becoming the hub for foreign investment. Granada, itself is a city that was founded in 1524, as such is one of the oldest in the country and Central America. Drawn by year-round warm weather, colonial-era architecture and the freshwater Lake Nicaragua, travellers from around the world flock to Granada to enjoy the quaint city, first-class restaurants and vibrant culture. Come for a visit, stay for a lifetime!
Check out our YouTube Video Tours!
Changing Lives & Fulfilling Dreams – Nicaragua Real Estate Team
- 4 Story Building
- Access to electricity
- Access to water
- Air conditioning
- Ceiling fans
- Central location
- Colonial home
- Corner building
- Decorative ceiling
- Decorative lighting
- Dining area
- Dining room
- Dual sinks
- Enclosed property
- Flat topography
- Front garden
- Green areas
- High ceilings
- Indoor garden
- Lake view
- Large hallway
- Laundry area
- Living areas
- Living room
- Mountain views
- Multi-use room