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Barri d'Altabix 1,614 SF Retail Condo Unit Offered at $168,546 in Elche, Alicante 03202

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INVESTMENT HIGHLIGHTS

Building located in a well-established residential area with all services within reach.

Well connected by public and private transportation.

EXECUTIVE SUMMARY

Residential building located in the Altabix neighborhood, in the town of Elche, in the province of Alicante. It has 1,414 m² of built area distributed over 6 above-ground floors. It boasts excellent transportation links, making it easy to travel to the city center and nearby towns.

PROPERTY FACTS

Total Building Size	10,000 - 60,000 SF	Building Class	C
Property Type	Multifamily (Condo)	Floors	6
Property Subtype	Apartment General Retail Storefront Retail/Residential	Year Built	1960 - 1969

Total Building Size	10,000 - 60,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment General Retail Storefront Retail/Residential
Building Class	C
Floors	6
Year Built	1960 - 1969

1 UNIT AVAILABLE

Unit -

Unit Size	1,614 SF	Condo Use	Retail
Price	$168,546	Sale Type	Investment or Owner User
Price Per SF	$104.43

Unit Size	1,614 SF
Price	$168,546
Price Per SF	$104.43
Condo Use	Retail
Sale Type	Investment or Owner User

DESCRIPTION

Commercial space of 150 m2 built, with 140 m2 of usable space, located on the ground floor of a residential building in the Altabix neighborhood of the town of Elche, in the province of Alicante.

SALE NOTES

Commercial space located in the Altabix neighborhood of Elche. The property has an opening license, an approximate capacity of 90 people, smoke extraction, and existing furniture. It is presented as it currently appears.

The area is well-established, characterized by the presence of families with middle to upper-middle incomes, as well as a notable influx of young couples and university students. The neighborhood is surrounded by shops and supermarkets that generate a constant flow of visitors.

The space has a total area of 140 m². It includes a seating area with tables and chairs, a large bar, a space designated for creative activities, an equipped kitchen, restrooms for men and women, a decorative fountain, six televisions distributed throughout the room, two ceiling-mounted air conditioning units with an approximate capacity of 9,000 BTUs, a motorized shutter, a pantry, and a walkable patio.

If not used for hospitality purposes, the property can be considered an investment option with the potential to achieve an estimated annual return of around 7 percent, depending on market conditions and the operation of the space.