Residential building for sale with 847 m² in Centro (Málaga), 29015

Gilmar Real Estate is pleased to present this exclusive residential building located in the heart of Málaga's Historic Centre, one of the city's most iconic, established and highly sought-after locations. Situated on Santa María Street, just a few steps from the Cathedral, Calle Larios and Málaga's main cultural and tourist landmarks, this property represents an exceptional opportunity to develop a high-end real estate project in one of Southern Europe's fastest-growing urban destinations.

The building offers 847 square metres of built area on a plot of approximately 100 square metres, distributed over a basement, ground floor, mezzanine, five upper floors and a rooftop structure. This detached property requires full refurbishment, offering outstanding potential to create a premium asset tailored to today's market while significantly enhancing its long-term value.

A Basic Development Project has already been prepared for the conversion of the building into 10 two-key tourist apartments, while retaining a commercial unit on the ground floor. The project includes a complete renovation of all building services, installation of a new accessible lift, façade refurbishment, new exterior carpentry, an energy-efficient aerothermal climate control system and full compliance with current building regulations. The result will be a modern, sustainable and highly attractive property designed to meet the strong demand for quality tourist accommodation in Málaga's city centre.

Its location is undoubtedly one of its greatest strengths. Surrounded by historic landmarks, museums, luxury hotels, restaurants, boutique shops and an outstanding cultural and gastronomic offering, the property also benefits from excellent connections to Málaga Port, María Zambrano High-Speed Rail Station (AVE), Málaga International Airport and the city's main transport routes. These factors make it an exceptional investment opportunity with significant potential for both profitability and capital appreciation.

A unique opportunity to acquire an entire building in one of the most prestigious streets of Málaga's Historic Centre, perfectly suited for the development of a landmark hospitality or investment project in one of Spain's most dynamic real estate markets.

GILMAR is a renowned real estate company that has been helping clients find their dream homes and make secure property investments since 1983. With extensive experience in the market, GILMAR has earned the trust of its clients through professionalism and excellence in service. For further information about this property, please contact our Málaga office, located at Calle Cortina del Muelle 13, or call +34 951 23 33 33. We will be delighted to assist you.