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Zona Reina Victoria 2,788 SF Retail Building Elche, Alicante 03201 $349,337 ($125.31/SF)



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INVESTMENT HIGHLIGHTS
- Central property in the Reina Victoria area, with all services and transportation nearby.
- Possibility of new construction with a mezzanine and up to four stories (ground floor + 5).
- Building consisting of a ground floor commercial space, a mezzanine residential unit, and a first floor with independent access.
- Ground floor premises currently rented, with immediate income.
EXECUTIVE SUMMARY
Building located in the center of Elche, in the Reina Victoria area. A property is offered for sale consisting of a ground floor with a commercial space and a first floor, with a total area of 259 m². The location is central and provides access to all types of services, shops, and public transportation, just minutes away from the historic center and La Glorieta.
Currently, the property includes a mezzanine used as a residential space. The first floor remains in its original condition and has independent street access, offering various possibilities for use or renovation.
The plot presents good prospects for new construction, with the option to build a mezzanine and up to four stories (ground floor plus five levels). This makes it an attractive opportunity for developers or investors seeking a project with potential in a highly sought-after area of the city.
The ground-floor commercial space is currently rented.
Currently, the property includes a mezzanine used as a residential space. The first floor remains in its original condition and has independent street access, offering various possibilities for use or renovation.
The plot presents good prospects for new construction, with the option to build a mezzanine and up to four stories (ground floor plus five levels). This makes it an attractive opportunity for developers or investors seeking a project with potential in a highly sought-after area of the city.
The ground-floor commercial space is currently rented.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
< 15,000 SF
Building Class
C
Year Built/Renovated
1920 - 1929/1950 - 1959
Price
$349,337
Price Per SF
$125.31
Percent Leased
100%
Tenancy
Multiple
AMENITIES
- Bus Line
1 1
NEARBY MAJOR RETAILERS
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Zona Reina Victoria
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