Torremolinos, Málaga 29620 11,173 SF Retail Building $586,307 ($52.48/SF)

In the town of Torremolinos, on the renowned Avenida Carlota Alessandri, lies this exceptional investment opportunity. The area is experiencing a boom with multiple tourist projects in development and many already completed, significantly increasing its resale value. Just a 5-minute drive and a 20-minute walk from the tourist center of Torremolinos, and only 300 meters from the beach, this property enjoys a prime location. The property consists of 3 units located on an underground floor with a total area of 850 m², equipped with 2 emergency exits, thus meeting the City Council's requirements for use as parking or storage units. The space offers suitable dimensions for the construction of up to 75 storage units or 35 parking spaces with their respective storage units, according to a preliminary project by an architectural firm. The current value of the property is considerably below market price, and due to the scarcity of parking spaces and storage units in the area, this investment promises to be highly profitable. Don't hesitate to inquire!