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Commercial property for sale: 250 m² in Batumi, Iakob Gogebashvili St, 2 – $500,000

Iakob Gogebashvili St, 2
$‍‍500,000
$‍2,000 per m2
commission-free
$
Hotel
property type
property type
250 m2
total area
area
3 floor
out of 3
out of 3
Listed
Listed
Today, 16:12
Updated
Updated
Today, 16:12

Description

🏨 Ready Rental Business 250 sq. m on 1, Memed Abashidze St (Old Batumi) | $500,000 A unique commercial asset with no market equivalents is for sale in the most prestigious spot of Batumi's historical center. 📍 Address: 1, Memed Abashidze St (epicenter of the Old Town, by Europe Square, 3 minutes to the seafront and Primorsky Boulevard). 📐 Total area: 250 sq. m 💰 Price: $500,000 ⚙️ Property Configuration: 1. Operating 8-room mini-hotel: fully equipped turnkey business with high year-round traffic. The location sells the rooms itself — tourists and expats choose this area first. 2. Spacious 100 sq. m apartment: adjacent to the hotel. Offers flexible functionality — it can be used for the owner's luxury living ("live and manage"), converted into a stylish lobby/lounge area, or used to expand the hotel capacity by 3–4 more full rooms. 🏛️ Building and Location Advantages: • restored Stalinist building: monumental historical house with a renovated facade. Thick walls, perfect soundproofing, high ceilings. There is no elevator, emphasizing the authenticity of low-rise historical architecture. • prestigious neighborhood: close to Europe Square, iconic five-star hotels (Le Méridien, Radisson Blu), Piazza Square, and the city's finest restaurants. • capitalization: land and real estate at 1, Memed Abashidze St is a scarce asset whose price will only increase, protecting your investment from inflation. 📋 Deal Terms: Full document package ready for sale. Direct deal from the owner. Legal clarity is guaranteed. 📞 Contact us via WhatsApp/Telegram right now to receive the floor plan, financial indicators, and to schedule a viewing!
Property ID: 840996
Maryna Zubchenko
Maryna Zubchenko
Agent
Agent
Speaks: русский, english, українська

Building and location

Iakob Gogebashvili St, 2
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 $‍425,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
36 931
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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