Commercial real estate for sale in Valencia (center) 1m²

Building in Valencia A five-story building for sale (4 floors + ground floor), located in the very center of the historical part of Valencia. The total area of the building is 1145 sq. m. and it is located in the most promising area of the city center, where great economic growth is expected in the near future, including rising real estate prices. At the current stage, the building is in a semi-preserved condition, but not in an emergency condition, and is awaiting the implementation of a project for the construction of eight tourist apartments and a commercial space on the ground floor of the building or apart-hotel. In addition, there is already a developed project for the restoration of the building, including the installation of an elevator, which in the future will significantly increase the cost of the apartments. The ground floor is three commercial premises with an average of 80 sq. m. The first floor is three apartments of 72 sq. m. an average of 180 sq. m. The second, third and fourth floors include two apartments per floor with an average of 200 sq. m. There is a possibility of completing the fifth floor of the building, which will add almost 200 sq. m. to the total area of the building. The proposed apartment building is located in the bohemian historical district of the city with all the necessary infrastructure. This property is an ideal investment option in residential real estate with high profitability in the city of Valencia, with the possibility of converting the building into a full-fledged mini-hotel or hostel. At the moment the house is in a mothballed state. The apartment building is sold directly by the owner. Bargaining is appropriate, there are no debt encumbrances on the proposed property.