Undeveloped Land for sale in Estepona, Málaga

Prime development opportunity on Calle Real, Estepona: approved project for seven apartments and commercial space in a multi-family complex

This urban parcel on Calle Real, Estepona, presents a unique chance to develop a multi-family building featuring seven residential apartments alongside a shell-and-core commercial space. The approved preliminary project allows for a total gross buildable area of 544.5 m², encompassing the ground floor and five additional levels, including a penthouse.

The current owner plans to retain 72.2 m² for two commercial units while offering the remaining 472.3 m² for sale, designated for residential use on the upper floors. Construction expenses will be shared fairly between the owner and buyer, proportional to their respective allocated areas.

Situated in Estepona’s vibrant historic center, just minutes from the beach, this location is a prime investment opportunity. The project holds significant potential in one of the Costa del Sol's most desirable and rapidly developing areas.

Planning details:
- Primary use: multi-family residential apartments
- Alternative uses: hospitality, under specified planning guidelines
- Maximum floors: ground floor (retained) + 5 upper levels + penthouse
- Height limit: 22 meters