Incredible Building Renovation Opportunity in Estepona's Old Town 150m to the beach

Discover the potential of a lifetime with this remarkable property situated at the heart of Estepona’s historic old town. Located off Calle Terraza just 150 meters from the beach, this property presents an unparalleled opportunity for investors and visionaries alike. While currently in need of comprehensive renovation, its prime location and expansive space make it an extraordinary canvas for transformation. The zone offers the possibility of adding more floors, taking this opportunity to its maximum potential.

This former hostel is a three-story building currently with 21 bedrooms, spanning across all levels. As you enter the building on the ground floor, you’ll find a corridor leading to the former reception area, hinting at its past hospitality use. Beyond the interior lies a vast ground-floor patio, offering a unique perspective as it opens up to the sky through the building’s core.

The property can be restored to its former glory, preserving some of its historical charm, or completely reimagined to suit a variety of purposes to take it to its maximum building allowance. With planning permission in place, there is the potential to construct up to five floors on most of the property and four floors on a smaller section, totaling approximately 800 square meters of potential construction space.

Estepona’s old town is renowned for its vibrant atmosphere and rich cultural heritage. Within walking distance, you’ll find a plethora of local shops, an array of restaurants offering delectable cuisine, charming tapas bars, and inviting cafes nestled on picturesque terraces and squares. This prime location ensures that future occupants will enjoy a truly authentic and immersive experience of this charming coastal town.

Estepona town offers ample underground parking spaces within a short distance of the property. These public parking options provide an excellent solution for future hotel guests or visitors to the area.