Commercial for sale in Arrecife, Lanzarote

Building for sale in Arrecife with project for 7 apartments and a commercial space

Location: Calle Antonio Armas Curbelo, 4, Arrecife (Lanzarote)
Price: 548,000
Built area according to the official record: 449.19 m²
Project layout: 7 apartments + 1 commercial space

Excellent investment opportunity in Arrecife. A complete two-story building between party walls is for sale with a developed technical project for its comprehensive renovation, focused on creating a residential complex with 7 apartments and an independent commercial space on the ground floor.

The property is located in a consolidated urban area (ZH-1), a short distance from the main services, shops, and transport links of the capital. The property also includes the adjacent plot on Calle Gómez Ulla (170.20 m²), which provides significant urban development potential for the complex.

Technical project details

Building configuration: Distributed across two buildings with two separate entrances and distinct access points.
Planned housing types: 5 apartments in the main building: 1 two-bedroom apartment and 4 one-bedroom apartments, all with an open-plan living-dining-kitchen area. 2 apartments in the rear building: both with two bedrooms and a living-dining-kitchen area.
Commercial space: Located on the ground floor with direct and independent street access.
Common areas and roof: Accessible communal roof.
Installations: Approved telecommunications (ICT) technical project, with full provision for fiber optics, broadband, telephone, and television.

Administrative and documentary status

Urban planning process for prior notification of the rehabilitation of a 2-story building (7 apartments and a commercial space) registered with the Arrecife City Council, with a favorable technical resolution and completed subsequent control procedure. Project approved by a professional association and certificate of structural safety and soundness provided. Property with up-to-date legal title and available for immediate transfer.

Investor profile

Ideal asset for developers, investors, or construction companies seeking a residential project in Lanzarote with high demand for both the long-term residential rental market and individual unit sales once the renovation is complete.