Building for sale in Arrecife with project for 7 apartments and a commercial space Location: Calle Antonio Armas Curbelo, 4, Arrecife (Lanzarote) Price: €548,000 Built area according to the official record: 449.19 m² Project layout: 7 apartments + 1 commercial space Property description Excellent investment opportunity in Arrecife. A complete two-story building between party walls is for sale with a developed technical project for its comprehensive renovation, focused on creating a residential complex with 7 apartments and an independent commercial space on the ground floor. The property is located in a consolidated urban area (ZH-1), a short distance from the main services, shops, and transport links of the capital. The property also includes the adjacent plot on Calle Gómez Ulla (170.20 m²), which provides significant urban development potential for the complex. Technical Project Details Building Configuration: Distributed across two buildings with two separate entrances and distinct access points. Planned Housing Types: 5 apartments in the main building: 1 two-bedroom apartment and 4 one-bedroom apartments, all with an open-plan living-dining-kitchen area. 2 apartments in the rear building: both with two bedrooms and a living-dining-kitchen area. Commercial Space: Located on the ground floor with direct and independent street access. Common Areas and Roof: Accessible communal roof. Installations: Approved telecommunications (ICT) technical project, with full provision for fiber optics, broadband, telephone, and television. Administrative and Documentary Status Urban planning process for prior notification of the rehabilitation of a 2-story building (7 apartments and a commercial space) registered with the Arrecife City Council, with a favorable technical resolution and completed subsequent control procedure. Project approved by a professional association and certificate of structural safety and soundness provided. Property with up-to-date legal title and available for immediate transfer. Investor Profile Ideal asset for developers, investors, or construction companies seeking a residential project in Lanzarote with high demand for both the long-term residential rental market and individual unit sales once the renovation is complete. For more technical information, to view project plans, or to schedule a visit to the property, please contact us.