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Zona Centre 26,802 SF Retail Building Alcover, Tarragona 43460 $432,292 ($16.13/SF)
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Investment Highlights
- Unique opportunity to acquire a restaurant and events complex with capacity for 1,500 people.
- Facilities renovated in 2018, adapted for weddings, first communions, baptisms, and corporate events.
- Strategic location just 20 minutes from Tarragona and Reus, with excellent access to the national highway.
- Current restaurant and hotel license, with mortgage lien and surface rights that can be canceled upon sale.
Executive Summary
Unique opportunity to acquire a restaurant and event hall, formerly known as “El Álamo,” closed since 2020 due to the COVID-19 pandemic.
This complex, located on the outskirts of Alcover, enjoys an excellent location with easy access to the Tarragona–Lleida national road, just 20 minutes from Tarragona and Reus.
The complex is made up of several attached buildings totaling 2,490 m². Built in 1975, it has been periodically renovated, with the most recent refurbishment in 2018 to adapt the facilities to the business’s needs.
The property is fully equipped and set up for weddings, first communions, baptisms, and corporate events, with capacity for up to 1,500 people. It is currently vacant and ready to be put back into operation, showing minimal wear resulting from the cessation of activity.
It has a valid restaurant and hotel license. In addition, the property is subject to a mortgage lien that will be canceled upon sale. There is also a surface right over the property until 2032, with the possibility of cancellation at the time of the transaction.
This is an excellent opportunity to relaunch a business with great potential, located in a strategic area.
This complex, located on the outskirts of Alcover, enjoys an excellent location with easy access to the Tarragona–Lleida national road, just 20 minutes from Tarragona and Reus.
The complex is made up of several attached buildings totaling 2,490 m². Built in 1975, it has been periodically renovated, with the most recent refurbishment in 2018 to adapt the facilities to the business’s needs.
The property is fully equipped and set up for weddings, first communions, baptisms, and corporate events, with capacity for up to 1,500 people. It is currently vacant and ready to be put back into operation, showing minimal wear resulting from the cessation of activity.
It has a valid restaurant and hotel license. In addition, the property is subject to a mortgage lien that will be canceled upon sale. There is also a surface right over the property until 2032, with the possibility of cancellation at the time of the transaction.
This is an excellent opportunity to relaunch a business with great potential, located in a strategic area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,000 - 60,000 SF
Building Class
C
Year Built
2000 - 2009
Price
$432,292
Price Per SF
$16.13
Percent Leased
Vacant
1 of 11
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Zona Centre
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