Vélez-Málaga, Andalusia, Spain
7-Bed Apartment Complex with Commercial Potential in Vélez-Málaga
€850,000
€895/m²
- 7
- Bedrooms
- 2
- Bathrooms
- 950 m²
- Interior
- Apartment
- Type
- 31 Aug 2026
- Listed
The Habio take
This spacious apartment complex in Vélez-Málaga offers a remarkable investment opportunity with both commercial and residential spaces. With its prime location on Carretera de Loja, it is perfect for investors or families looking for versatility in their living and business arrangements.
- investment
- commercial
- family
Highlights
- Complete building with commercial and residential potential
- Ground floor business area of 578 m²
- Two spacious independent apartments each 174 m²
- Prime location with excellent visibility
- No community fees
Worth knowing
- Investment property may require active management
- Limited outdoor space compared to individual homes
Good fit for: This property suits investors or families looking for a combined residential and commercial space.
Lifestyle scores
- Beach
- 55
- Walkable
- 60
- Remote work
- 70
- Family
- 75
- Retirement
- 60
- Airport access
- 65
- Investment
- 85
- Luxury
- 50
- Value
- 70
About this place
Discover a unique investment opportunity in Vélez-Málaga with this complete building that showcases immense commercial and residential potential. Positioned strategically on Carretera de Loja, the property boasts excellent visibility, making it ideal for investors aiming for profitability, as well as families wishing to blend residential and business areas.
The building features a total constructed area of over 950 m² distributed over four levels. The ground floor is allocated to a business area, encompassing a substantial 578 m², currently set up as a commercial zone and large warehouse, complete with a restroom. This extensive space allows for diverse business opportunities such as supermarkets, logistics hubs, or showrooms.
The first floor comprises a stately apartment of 174 m², which includes a spacious living-dining area, an independent kitchen, four bedrooms, an extra room for storage, a full bathroom, and an additional restroom. Notably, this apartment features outdoor areas that are perfect for enjoying the local climate, including a terrace split into covered and uncovered sections. The second floor presents a second independent apartment also covering 174 m², with three ample bedrooms, a large living-dining room, a kitchen, a bathroom, and a restroom.
Finally, the top floor includes a 23 m² area designated for storage and grants access to a walkable rooftop terrace, ideal for creating a leisure space with impressive views. This building operates without community fees and offers a façade that enhances its visibility, making it suitable for independent rentals or personal use.
Where you’ll be
Vélez-Málaga, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
