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Barri d'Altabix 1,614 SF Retail Condo Unit Offered at $169,106 in Elche, Alicante 03202
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Investment Highlights
- Building located in a well-established residential area with all services within easy reach.
- Well connected through 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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
Commercial space of 150 m² built, with 140 m² of usable area, 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, a smoke vent, and existing furniture. It is presented as it currently appears.
The surrounding area is well-established, characterized by families with middle to upper-middle incomes, as well as a notable presence of young couples and university students. The neighborhood is surrounded by shops and supermarkets, ensuring a steady 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 yield an estimated annual return of around 7 percent, depending on market conditions and the utilization of the space.
The surrounding area is well-established, characterized by families with middle to upper-middle incomes, as well as a notable presence of young couples and university students. The neighborhood is surrounded by shops and supermarkets, ensuring a steady 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 yield an estimated annual return of around 7 percent, depending on market conditions and the utilization of the space.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit - | 1,614 SF | Retail | $169,106 ($104.77/SF) | - |
Unit -
| Unit Size |
| 1,614 SF |
| Condo Use |
| Retail |
| Price |
| $169,106 ($104.77/SF) |
| NOI |
| - |
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Unit -
| Unit Size | 1,614 SF |
| Condo Use | Retail |
| Price | $169,106 ($104.77/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| Commercial space of 150 m² built, with 140 m² of usable area, located on the ground floor of a residential building in the Altabix neighborhood of the town of Elche, in the province of Alicante.</li></ul> | |
| Sale Notes | |
| Commercial space located in the Altabix neighborhood of Elche. The property has an opening license, an approximate capacity of 90 people, a smoke vent, and existing furniture. It is presented as it currently appears.<br> <br> The surrounding area is well-established, characterized by families with middle to upper-middle incomes, as well as a notable presence of young couples and university students. The neighborhood is surrounded by shops and supermarkets, ensuring a steady flow of visitors.<br> <br> 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.<br> <br> If not used for hospitality purposes, the property can be considered an investment option with the potential to yield an estimated annual return of around 7 percent, depending on market conditions and the utilization of the space.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 1,227 |
1 1
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Street View
Street
Map
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Barri d'Altabix
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