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Zona Centre 26,802 SF Retail Building Alcover, Tarragona 43460 $421,599 ($15.73/SF)
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Investment Highlights
- Unique opportunity to acquire a restaurant and event complex with a capacity for 1,500 people.
- Renovated facilities in 2018, adapted for weddings, 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 encumbrance and surface rights that can be canceled upon sale.
Executive Summary
Unique opportunity to acquire a restaurant and event venue, formerly known as "El Álamo," closed since 2020 due to the COVID-19 pandemic.
This complex, located on the outskirts of Alcover, boasts an excellent location with easy access to the Tarragona-Lleida national highway, just 20 minutes from Tarragona and Reus.
The property consists of several adjoining buildings totaling 2,490 square meters. Built in 1975, it has been periodically renovated, with the most recent update in 2018 to adapt the facilities to the needs of the business.
The establishment is fully equipped and designed for hosting weddings, communions, baptisms, and corporate events, with a capacity of up to 1,500 people. It is currently unoccupied and ready for operation, showing minimal wear due to the cessation of activity.
It holds valid restaurant and hotel licenses. Additionally, the property is subject to a mortgage that will be cleared upon purchase. There is also a Surface Right on the property until 2032, which can be canceled at the time of the transaction.
This is an excellent opportunity to revive a business with great potential, strategically located in a prime area.
This complex, located on the outskirts of Alcover, boasts an excellent location with easy access to the Tarragona-Lleida national highway, just 20 minutes from Tarragona and Reus.
The property consists of several adjoining buildings totaling 2,490 square meters. Built in 1975, it has been periodically renovated, with the most recent update in 2018 to adapt the facilities to the needs of the business.
The establishment is fully equipped and designed for hosting weddings, communions, baptisms, and corporate events, with a capacity of up to 1,500 people. It is currently unoccupied and ready for operation, showing minimal wear due to the cessation of activity.
It holds valid restaurant and hotel licenses. Additionally, the property is subject to a mortgage that will be cleared upon purchase. There is also a Surface Right on the property until 2032, which can be canceled at the time of the transaction.
This is an excellent opportunity to revive a business with great potential, strategically located in a prime 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
$421,599
Price Per SF
$15.73
Percent Leased
Vacant
1 of 11
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