Commercial for sale in Oviedo, Asturias

San Claudio: The building that could become your next great investment
Price reduced: €250,000. Two strategies. A location that’s hard to replicate.

The price has changed. The potential hasn’t.
In the commercial heart of San Claudio, a property opportunity has come onto the market that deserves careful consideration: an entire building with multiple units and the scope to shape a tailored value strategy.
You’re not just buying walls and square meters. You’re gaining access to an asset with two distinct investment paths: restore what’s already there or explore a new project on the plot.

First option: renovate and generate rental income.
The property includes two apartments on the upper floors, both with balconies facing the street. One has three bedrooms, a kitchen and a bathroom; the other has four bedrooms, a living room, a kitchen, a bathroom and an additional space.
At street level, there are two commercial premises and three smaller adjoining units. This layout allows you to explore leasing them separately, depending on permitted uses.

Second option: rethink the plot.
Demolition followed by new construction is another possibility for a developer looking to undertake a residential or mixed-use project. Its scope will depend on applicable regulations and permits. An urban planning inquiry has already been initiated to determine the permitted buildable area and verify whether additional height would be allowed compared with the current building.

The deciding factor: the location.
The commercial visibility and position within San Claudio add value both to a potential renovation and to a future development. Not every asset offers the opportunity to explore such different alternatives at the same address.
The roof is in good condition. The property currently has no water or electricity supply; this should be factored into the renovation budget.

Previously €300,000. Now €250,000.
A 16.7% reduction in the asking price lowers the barrier to entry for this investment. The final return will depend on the project, its costs and the necessary approvals.
This isn’t an imaginary return being sold here: it’s a specific location, an entire property and the opportunity to assess two business models with professional judgment and technical detail.