Located in the heart of the charming town of Teulada, Alicante, this substantial threestorey building presents a rare opportunity for investors or developers seeking a mixeduse property with both immediate income potential and longterm redevelopment possibilities.
The building comprises a total constructed area of approximately 1,201 m². At street level, there are two fully operational commercial units, totaling 625 m², which are currently leased and generating rental income with minimal intervention required. These spaces provide immediate cash flow, making the property particularly attractive for investors seeking both short and longterm returns.
The upper floors, with a combined residential area of around 576 m², require complete renovation, offering a blank canvas for a wide range of uses. Potential options include residential apartments, offices, or a combination of living and working spaces, subject to planning permission. The layout and scale of the building provide flexibility for creative redevelopment projects, allowing the buyer to design spaces tailored to their vision or market demand.
The property is wellpositioned in Teulada’s town centre, within easy reach of local services, shops, schools, restaurants, and transport links. Teulada itself is a traditional and welcoming town with a stable resident population, close to Moraira, Jávea, and the Costa Blanca coastline, making it an attractive location for both commercial and residential projects.
Whether the objective is to create apartments, offices, or a mixeduse development, this property offers scope for longterm value creation in one of the Costa Blanca North’s most desirable towns.