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Investment Highlights

  • Building located in a consolidated residential area and with all services at your fingertips.
  • Well connected by public and private transport.

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.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit -
  • 2,960 SF
  • Retail
  • $209,925 ($70.92/SF)
  • -
Sale Type Investment or Owner User
Description
Commercial space of 275 m2 built, of which 260 m2 are useful, located on the ground floor of a residential building located 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 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 housing units, subject to technical requirements and current urban planning regulations.

Additionally, the space 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 dedicated parking areas, whether for residential use or activities that demand internal parking solutions.

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

Overall, this property offers ideal conditions for those seeking a spacious area with room for various configurations, whether in the residential or commercial sector.
Unit Unit Size Condo Use Price NOI
Unit - 2,960 SF Retail $209,925 ($70.92/SF) -

Unit -

Unit Size
2,960 SF
Condo Use
Retail
Price
$209,925 ($70.92/SF)
NOI
-

Unit -

Unit Size 2,960 SF
Condo Use Retail
Price $209,925 ($70.92/SF)
NOI -
Sale Type Investment or Owner User
Description
Commercial space of 275 m2 built, of which 260 m2 are useful, located on the ground floor of a residential building located in the urban area of the town of Elche, in the province of Alicante.</li></ul>
Sale Notes
Open-plan commercial space with a total area of 275 m&#178;. 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 housing units, subject to technical requirements and current urban planning regulations.<br> <br> Additionally, the space 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 dedicated parking areas, whether for residential use or activities that demand internal parking solutions.<br> <br> The ample size of the property makes it adaptable to a wide range of uses, from business initiatives to investment projects focused on residential development or mixed-use spaces. Its open-plan layout enhances flexibility in interior design, allowing for the planning of divisions, work areas, storage zones, or living spaces according to the project&#39;s needs.<br> <br> Overall, this property offers ideal conditions for those seeking a spacious area with room for various configurations, whether in the residential or commercial sector.</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.
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

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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