Description

Grupo Ibercosta is proud to present a truly unique and rare investment opportunity located in the absolute center of Estepona, one of the most vibrant and rapidly growing towns on the Costa del Sol. Situated in the South of Spain, in the stunning region of Andalusia, this property represents a blank canvas for visionary investors looking to capitalize on the booming real estate market of the Mediterranean coast. This substantial building is positioned on the town’s most important shopping street, ensuring maximum visibility and a constant flow of foot traffic, making it an unparalleled choice for a commercial or residential project.

Strategic Location in the Garden of Andalusia

Estepona has undergone a magnificent transformation over the last decade, earning the nickname "The Garden of the Costa del Sol." Located just a short drive from Marbella and Puerto Banús, it offers a more authentic Spanish experience while maintaining high-end luxury standards. This property is located in the "Beachside" area of the town, placing it within walking distance of the pristine Mediterranean shores and the charming, flower-filled streets of the Casco Antiguo (Old Town). Being in the commercial heart means that every amenity, from high-street fashion brands to local gourmet tapas bars and essential services, is right on your doorstep.

The location is not just about convenience; it is about prestige. The South of Spain continues to be a magnet for international tourism and northern European residents seeking a permanent home. By acquiring a building on Estepona's main commercial artery, you are securing a piece of the town’s history and its bright economic future. Whether you are looking to develop a commercial flagship store or a luxury hospitality project, the setting provides the perfect backdrop for success.

Architectural Potential and Property Specifications

This semi-detached building offers a generous built area of 278 square meters, currently distributed across two levels with a massive 100-square-meter terrace. One of the most significant advantages of this property is the confirmed possibility of raising an additional floor. This structural allowance significantly increases the total buildable area, offering the potential to maximize the return on investment by adding more units or enhancing the penthouse levels with panoramic views.

Currently, the layout features 12 bedrooms and 4 bathrooms, reflecting its history as a large family residence or traditional building. The orientation of the property is South, South-West, and West, which guarantees an abundance of natural light throughout the day. With a total "Restoration Required" status, this is a "shell" project where the interior can be completely reimagined. The urban views from the upper levels and the solarium offer a wide perspective of the bustling town life, stretching toward the horizon.

The Ideal Project for a Boutique Hotel or Luxury Apartments

The configuration and location of this building make it an ideal candidate for two primary development paths. Firstly, the demand for boutique hotels in Estepona is at an all-time high. Investors can transform this historic structure into a high-end accommodation featuring a rooftop bar on the 100m² terrace, taking advantage of the panoramic urban views. With 12 potential rooms already mapped out, the transition to a hospitality business is a natural fit for this layout.

Alternatively, the property is perfect for a luxury apartment complex. Given its location in the commercial center, these units would be highly sought after for both long-term residents and short-term vacation rentals. The proximity to transport, the sea, and the town's vibrant social scene makes it a "Bargain" and a "Reduced" price investment for those who understand the value of "Location, Location, Location."

Technical Features and Utilities

Despite being a restoration project, the building is fully integrated into the town’s infrastructure. It is equipped with connections for electricity, drinkable water, and telephone lines, including accessibility to high-speed WiFi and satellite TV. The existing features include fitted wardrobes and a covered terrace, which can be integrated into a modern redesign. The property is offered unfurnished and with an unfitted kitchen, providing a completely clean slate for your architectural team to work their magic.

At Grupo Ibercosta, we specialize in identifying properties with high capital appreciation potential. This building in Estepona is a standout example of an investment that offers both immediate value and long-term growth. As the town continues to expand its cultural and tourist offerings, properties in the historic and commercial center will only become more scarce and valuable. Do not miss this chance to own a landmark building in one of the South of Spain’s most desirable coastal destinations.