Commercial for sale in Marbella, Málaga

Prime investment opportunity in Marbella’s historic center

Discover a unique chance to own a four-story building in the heart of Marbella's charming Old Town, merely moments away from Plaza de los Naranjos and La Encarnación Church, with the beach just a short stroll away.

Spanning 333 m², this property currently combines steady income with significant prospects for enhancement. The ground level features a spacious commercial space of about 100 m², occupied by a reliable tenant for 16 years, yielding an annual rent of €22,800 until 2028.

On the top floor, a penthouse comes complete with a valid short-term rental licence—VFT/MA/04059—boasting 11 successful years as a short-term rental. Additionally, enjoy an expansive rooftop terrace of approximately 100 m², excluded from the registered area.

The first and second floors offer roughly 201 m² ripe for renovation, either for continued residential use or potentially transforming into a boutique hotel or hostal, pending necessary approvals.

Key highlights:
- Immediate income generation.
- Entire building with no community fees.
- Established commercial lease.
- Licensed tourist accommodation with proven performance.
- Excellent renovation potential.
- Located in a high-demand tourist area.

Asking price: €1,500,000.