Commercial for sale in Tamaraceite, Las Palmas de Gran Canaria, Gran Canaria

Investment opportunity in Tamaraceite

A three-story building is offered for sale in Tamaraceite, ideal for investors, developers, or construction companies looking for a project with high profitability and great future potential.

The property, currently composed of open spaces on its three levels, offers multiple possibilities for redistribution, allowing for the creation of independent housing adapted to the current market demand. A proposal is advertised here to convert it into 11 homes, although it can also be considered for conversion into rooms for rent, which would be very profitable as the University is not far away.

The building has a cistern, a basement with beautiful stone arches, which can be rehabilitated as common areas, and additionally, the accessible rooftop can be transformed into a pleasant solarium or common area, adding value to the whole.

Located in a quiet and well-connected area, just minutes from the Los Alisios Shopping Center and 10 minutes from the University of Las Palmas de Gran Canaria, the surroundings offer all essential services: public transport, schools, shops, and leisure areas. Tamaraceite is consolidating as one of the areas with the highest growth and appreciation in Las Palmas, ensuring a safe investment with medium-term returns.

Ideal for developing a modern and attractive residential project without losing the charm of its beautiful protected facade and with ample possibilities for sale or rental once the renovation is completed.

A unique opportunity for those looking to invest in a promising area.

Structure and enclosures in good condition (renovation 2004), cataloged ARQ 353 - Protected (level compatible with comprehensive rehabilitation) with possibilities of tax advantages within API 8, and within the future green corridor plan of LPA. A Reddit 3D project is available.

Potential uses:
Coliving or student residence (12-15 units, 30-35 places)
Socio-health center or light geriatric facility
Coworking spaces or commercial premises on the ground floor
Sustainable urban tourism project (RIC applicable)
Includes a developed conceptual project, with the possibility of:

Photovoltaic installation on the roof
Rainwater recovery system with its large cistern
Energy certification type B after rehabilitation 3 min from the GC-3 (ring road).