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Zona Plaza Madrid 2,960 SF Retail Condo Unit Offered at $209,602 in Elche, Alicante 03205

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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 Plaza de Madrid area, in the town of Elche, in the province of Alicante. It has a built area of 1,761 m² 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
Property Type Multifamily (Condo)
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Building Class C
Floors 6
Year Built 1980 - 1989

1 UNIT AVAILABLE

Unit -

Unit Size 2,960 SF
Price $209,602
Price Per SF $70.81
Condo Use Retail
Sale Type Investment or Owner User
DESCRIPTION

Commercial space of 275 m2 built, with 260 m2 of usable space, located on the ground floor of a residential building in the urban area of the town of Elche, in the province of Alicante.

SALE NOTES

Open-plan commercial space with a total area of 2,960 sq ft (275 m²). The property features a spacious and open layout, allowing for various configurations depending on the needs of its future use. One of its main highlights is the potential to explore a change of use for conversion into residential units, with the option to design up to three residential units, subject to technical requirements and current urban planning regulations.

The space also offers the possibility of allocating part of the property for a garage, with a minimum capacity for five vehicles. This feature is particularly useful for projects requiring private parking areas, whether for residential use or for activities that need internal parking solutions.

The property's ample size makes it adaptable to a wide range of uses, from business initiatives to investment projects focused on developing residential units or mixed-use spaces. Its open-plan layout enhances flexibility in interior design, allowing for the planning of divisions, work areas, storage spaces, or living areas based on the project's needs.

Overall, this property offers an excellent opportunity for those seeking a large space with the potential for various configurations, whether in the residential or commercial sector.

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UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 15 - 1,065
  • Listing ID: 38579058

  • Date on Market: 11/26/2025

  • Last Updated:

  • Address: Elche, Alicante 03205

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