Active ID: 112106746 Campoamor

Flat / apartment for sale in Calle Dámaso Abad

91 m² • Floor 0

€109,000

AI Analyst
Long-term Rental

"Blank-canvas commercial unit in sought-after Campoamor, Alicante, with architect-approved project to convert into two residential flats—offering strong upside for value-add investors seeking high rental yields or resale gains."

Negotiation Leverage Balanced
Value Add Full residential conversion (partition, kitchens, bathrooms, finishes) per architect’s plan
Pros
  • Prime location with high demand and proximity to services
  • Architect’s project and change-of-use approval in place, reducing bureaucratic risk
  • Potential to create two independent rental units, maximizing income
Cons
  • Full renovation required, increasing upfront capital and execution risk
  • No terrace or outdoor space, limiting appeal to some tenants
  • Uncertainty around final conversion costs and timeline
Description

Unique investment opportunity in the coveted Campoamor area, Alicante! Excellent commercial premises of approximately 92 square meters built, located on Calle Javier Carratalá Cernuda, a fantastic and highly sought-after location due to its tranquility and proximity to all services, is for sale. The property is completely to be reformed, representing a blank canvas perfect for designing to your taste, with the great added value that it already has a project drafted by an architect to divide it into two independent homes and has the "approval" for the change of use ready to proceed. It is an unbeatable option for both investors seeking high profitability through resale or rental, and for those who wish to develop their own residential project in one of the best areas of the city, saving time on bureaucratic procedures and initial management. Contact us for more information and discover all the potential this space has to offer you! AT INDARA REAL ESTATE, WE OFFER YOU A PROFESSIONAL AND FREE VALUATION OF YOUR PROPERTY, ADAPTED TO CURRENT REAL ESTATE MARKET TRENDS.

Features
Elevator
Exterior
Investment Summary
Purchase Price €109,000
Taxes (ITP 10%) + €10,900
Notary Fees + €916
Registry Fees + €349
Gestoría Fees + €327
Valuation + Other + €339

Total Investment €121,830
Est. Monthly Rent €1,005/mo
Est. Annual Rent €12,058/yr

Est. Yield 9.9%
Days on Market
0
First seen
2026-07-24
View on Idealista