1/5

Commercial property for sale: 211.9 m² in Batumi, Memed Abashidze St, 3 – $650,000

Memed Abashidze St, 3
$‍‍650,000
$‍3,067 per m2
commission-free
$
211.9 m2
total area
area
1 floor
out of 2
out of 2
Listed
Listed
9 March 2026
Updated
Updated
18 March 2026

Description from the seller

Property in Batumi Old Town – suitable for both commercial and residential use 📍 Address: Zviad Gamsakhurdia st, 1 💰 Price: $650,000 Spacious property located in the heart of Batumi Old Town, just a few minutes from the sea. The building is situated in one of the most prestigious and sought-after areas of the historic center. The space is versatile and can be used as a commercial property (restaurant, wine bar, gallery, office) or converted into residential apartments or a private loft. Total area: 211.9 sq. m • high first floor – 111.9 sq. m • semi-basement with windows – 100 sq. m The property consists of two levels with high ceilings that create a feeling of openness and light. The layout includes a large hall and several separate rooms. The semi-basement with windows can become an atmospheric part of the space – perfect for a wine bar, lounge area, or additional living space. The premises are sold without renovation, allowing complete freedom for design and planning. There is also a quiet private courtyard belonging to the property, which can be used for storage or service purposes. It is possible to create a separate entrance from the street. The property also includes a large bathroom that can be connected to one of the rooms if desired. ✅ Reliable property management company Rent Experts will gladly take your property under management – we handle long-term rentals as well as monthly and short-term (seasonal) rentals.
Speaks: русский, english

Building location

Batumi, Old City
, Memed Abashidze St, 3

Mortgage for buying real estate

Please note that all calculations provided are approximate. For the final figures, we recommend consulting with both the bank and the seller
GEL
USD
You borrow $‍552,500 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
48 522
monthly payment, a life/property insurance fee is added to the monthly
payment
The provided Nominal and Effect Interest Rates represent the minimum credit facility amount. The actual values will be specified at the time of credit approval. The interest rate given in the table is linked to the public index — Term SOFR.
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