Centro Histórico 1 Unit Apartment Building $305,584 ($305,584/Unit) Orihuela, Alicante 03300

Excellent investment opportunity in a complete building located on the iconic Ramón y Cajal Street, also known as Calle Mayor, in the heart of Orihuela's historic center. The property is situated next to the Cathedral, in a well-established area surrounded by shops, services, and cultural landmarks.
The building has a constructed area of 735 m² according to the land registry and a plot area of 263 m², with an estimated actual floor area of approximately 250 m² per level. It is a mid-block building with facades facing north and south, offering views of the Cathedral and the river.
Currently, the property is distributed as follows: a ground floor designated for commercial use, two residential floors, and a rooftop. The building requires a complete renovation and offers various transformation possibilities for a residential, commercial, or mixed-use project.
According to the urban and architectural study conducted, the proposed plan includes a ground floor for access, a commercial space, and parking; two residential floors; and a recessed attic floor set back three meters. This configuration would allow for the development of spacious residences or the division of each floor into multiple apartments.
The estimated layout is as follows:
- Ground floor: Approximately 250 m² designated for access, commercial space, and parking, with about 200 m² of usable space for these purposes.
- First floor: Approximately 250 m², with the potential to develop two residences of about 100 m² each or a single residence of approximately 200 m².
- Second floor: Approximately 250 m², also configurable as two residences of about 100 m² each or one residence of approximately 200 m².
- Attic floor: Approximately 200 m² constructed, with the possibility of being divided into two residences of about 75 m² each or one residence of approximately 150 m².
Ref: AVDFM3844-JO
The plan includes interior courtyards and a communication core with stairs and an elevator. The construction of a basement is not considered due to access challenges and the presence of a water table.
The building has general protection status, and any work must comply with the conditions derived from its classification. Additionally, obtaining the necessary license will require prior approval from the Coastal Authority.
Due to its location, configuration, and development potential, this property represents an attractive opportunity for developers and investors looking to create a residential or mixed-use project with a unique character in one of Orihuela's most historically and culturally valuable areas.