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

Investment opportunity in Tamaraceite

We offer a three-story building for sale in Tamaraceite, ideal for investors, developers, or construction companies seeking a project with high profitability and strong future potential.

The property, currently composed of open-plan spaces on its three levels, offers multiple redistribution possibilities, allowing the creation of independent housing adapted to current market demand. Here a proposal is advertised to convert it into 11 homes, although it could also be planned to convert it into rooms to rent, very profitable since the University is not far.

The building has a cistern, a basement with beautiful stone arches, which can be rehabilitated as common areas and, moreover, the walkable roof can be converted into a pleasant solarium or common area, adding value to the complex.

Located in a quiet and well-connected area, a few minutes from 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 established as one of the areas with the greatest growth and appreciation in Las Palmas, guaranteeing a safe investment with mid-term return.

Ideal for developing a modern and attractive residential project without removing the charm of its beautiful protected facade and with wide possibilities for sale or rent once the reform is completed.

Structure and enclosures in good condition (renovation 2004), cataloged ARQ 353 - Protected (level compatible with full rehabilitation) with possible fiscal 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 beds)
Sociomedical or light geriatric center
Coworking spaces or ground-floor commercial premises
Sustainable urban tourism project (applicable RIC)
Includes developed conceptual project, with possibility of:

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