1/10

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
commission-free
$
Hotel
property type
property type
785 m2
total area
area
4 floor
out of 4
out of 4
Facade property
Facade
Yes
Additional
Additional
Balcony, Terrace 247 m2
Listed
Listed
Today, 11:31
Updated
Updated
Today, 11:31

Description

ℹ️ Unique stand-alone building in the historic center of Batumi Property This monumental 4-story building with sophisticated logistics and enormous potential for a hotel or restaurant business is available for sale. Floors and area (approx. 785 sq. m): • 1st floor (110 sq. m): ideal space for a grand foyer, reception area, or stylish lobby bar • 2nd floor (213 sq. m): spacious level with a long façade balcony facing Memed Abashidze Street. Thanks to numerous windows on opposite sides, the space is extremely bright and easily zoned • 3rd floor (215 sq. m): floor with three separate balconies overlooking the main street • 4th floor (247 sq. m): luxurious attic with an open area. An ideal location for a panoramic restaurant or lounge area Features and Utilities: • two entrances: the main entrance and a secondary entrance with its own staircase to the 4th floor • utilities: gas, water, and electricity are already connected to the building • elevator: the building's design allows for an elevator from the 1st to the 4th floor Views: The upper terrace offers a picture-perfect view of the Piazza Tower, the Ferris wheel, the port, the sea, and the majestic mountains towards Kobuleti. Location: heart of Old Batumi, 7 Memed Abashidze Street The property is located in the most prestigious and tourist-heavy part of the city. Historical Context: Memed Abashidze Street is the "face" of Batumi, with its preserved 19th–20th century architecture, designer boutiques, and top restaurants. Points of Attraction: • Piazza Square is a 2-minute walk away • 5 minutes from Europe Square and the Astronomical Clock Traffic: maximum pedestrian flow of tourists and wealthy residents year-round. Surroundings: boutique hotels, consulates, bank headquarters, and key landmarks. This building is ideal for a boutique hotel or a representative office. Message me on WhatsApp
Property ID: 789626
Andrew
Andrew
Agent
Agent
Speaks: русский

Building and location

Memed Abashidze St, 7
Batumi, Old City
All listings for sale

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
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
162 495
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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