Commercial in Centro Histórico

A rare opportunity presents itself in the heart of Málaga’s Historic Centre with this 18th-century palatial building. Spanning 1,388 m² of built area, this architectural gem offers a prestigious canvas for investors looking to create a landmark project in one of the Mediterranean’s most vibrant cultural capitals. The property is ideally positioned within walking distance of the Picasso Museum, the Cathedral, and the bustling port area.

The structure is intelligently distributed over a ground floor, mezzanine, and three upper levels, all centered around a traditional inner courtyard featuring marble fountains and original arches. With two distinct façades, the building is flooded with natural light, highlighting the historic stone entrance and the heraldic coat of arms that signals its noble past. The 343 m² plot provides a substantial footprint for a variety of redevelopment configurations.

Planning permits allow for versatile usage including residential, hotel, or commercial development. An existing study outlines the potential for 18 luxury apartments, ranging from one to three bedrooms, with the possibility of incorporating private terraces. The high ceilings and wrought-iron details provide a sophisticated foundation for a high-end boutique hotel or a flagship residential complex.

Located in a quiet yet central street, the building is just a short stroll from the city’s finest gastronomic offerings and theatres. The proximity to the port ensures stunning views from the upper levels, while the beach of La Malagueta is accessible within a 15-minute walk. This is a strategic acquisition for those seeking to capitalize on the sustained growth of the Costa del Sol’s capital city.