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Commercial property for sale: 210 m² in Batumi, Memed Abashidze St, 10 – $630,000

Memed Abashidze St, 10
$‍‍630,000
$‍3,000 per m2
commission-free
$
210 m2
total area
area
1 floor
out of 3
out of 3
Listed
Listed
Yesterday, 11:15
Updated
Updated
Yesterday, 11:15

Description from the seller

Commercial property for sale directly from the owner in one of the city's most sought-after and busy locations — Old Batumi, 10 Memed Abashidze Street. This area boasts constant pedestrian traffic, high business activity, and stable demand from both tourists and locals. General characteristics: Total area: 210 sq. m Basement — 80 sq. m • ceiling height: 2.75 meters • suitable for a wine cellar, bar, or lounge space • all utilities provided • ideal for an atmospheric establishment with a unique concept 1st floor — 130 sq. m • ceiling height: 4 meters • open layout • shell condition — potential for any commercial project • potential for display windows and street entrance (TBA) Location — a key advantage Old Batumi is more than just the city center; it is a major tourist and business hub: • constant flow of tourists year-round • nearby the embankment, Europe Square, Piazza, cafes, restaurants, and boutiques • surrounded by premium and historic buildings • high commercial density — a place where business truly thrives Such properties appear on the market extremely rarely — these are locations that generate their own customer flow. Possible formats of use: This property offers flexibility thanks to its two levels: First floor: • restaurant / cafe / coffee shop • boutique, showroom, or retail store • office or corporate representative office • beauty salon / service studio Basement: • wine bar / tasting room • lounge space • club format or private establishment • storage area or kitchen (if used for a restaurant) The combination of floors allows you to create a full-fledged business with a unique concept (e.g., restaurant + wine cellar, store + showroom + warehouse). Why this is a prime property: • heart of Old Batumi — maximum liquidity • flexible layout for any business type • opportunity to create a conceptual space (highly in demand right now) • suitable for both owner-occupancy and rental investment • high profitability potential due to prime location Price is negotiable with a serious buyer

Building location

Batumi, Old City
, Memed Abashidze St, 10

Contact seller

Welcome Real Estate
Welcome Real Estate
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 $‍535,500 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
47 029
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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