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Commercial property for sale: 785 m² in Batumi, Memed Abashidze St, 7 – $2,200,000

Memed Abashidze St, 7
$‍‍2,200,000
$‍2,803 per m2
$
785 m2
total area
area
4 floor
out of 4
out of 4
Additional
Additional
Terrace
Listed
Listed
Today, 14:09
Updated
Updated
Today, 14:09
Property ID
Property ID
324613

Description from the seller

ℹ️ Unique detached building in the historical center of Batumi Premises A monumental 4-story building with thoughtful logistics and immense potential for hotel or restaurant business is offered for sale. Floors and area (approx. 785 m²): • 1st floor (110 m²): ideal space for a grand foyer, reception, or a stylish lobby bar. • 2nd floor (213 m²): spacious level with a long facade balcony overlooking Memed Abashidze St. Thanks to many windows on opposite sides, the space is as bright as possible and easily zoned. • 3rd floor (215 m²): floor with three separate balconies facing the main street. • 4th floor (247 m²): magnificent attic with an open area. Ideal location for a panoramic restaurant or lounge zone. Features and communications: • Two entrances: main grand entrance and an additional one with its own staircase up to the 4th floor. • Infrastructure: gas, water, and electricity are already connected to the building. • Elevator: the building structure allows for the installation of an elevator from the 1st to the 4th floor. Views: the upper terrace offers postcard views of the Piazza tower, Ferris wheel, port, sea, and majestic mountains towards Kobuleti. Location: the heart of Old Batumi (7 Memed Abashidze St) The property is located in the most prestigious and tourist-active part of the city. Historical context: Memed Abashidze Street is the "face" of Batumi with preserved 19th–20th-century architecture, designer boutiques, and the best restaurants. Points of interest: • 2-minute walk — Piazza Square. • 5-minute walk — Europe Square and the Astronomical Clock. Traffic: maximum pedestrian flow of tourists and affluent residents all year round. Surroundings: boutique hotels, consulates, central bank branches, and key landmarks. This building is perfect for a boutique hotel or a representative corporate office.
Speaks: ქართული, русский, english

Building location

Batumi, Old City
, Memed Abashidze St, 7

Contact seller

BD Realty
BD Realty
Agent
Agent

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 $‍1,870,000 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
164 229
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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