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Commercial property for sale: 670 m² in Batumi, Alexander Kazbegi St, 9 – $1,450,000

Alexander Kazbegi St, 9
$‍‍1,450,000
$‍2,164 per m2
commission-free
₾
$
670 m2
total area
area
4 floor
out of 4
out of 4
Number of bedrooms
Bedrooms
6 bedrooms
Number of bathrooms
Bathrooms
3 bathrooms
Living area
Living area
670 m2
Additional
Additional
Balcony
Listed
Listed
3 hours ago
Updated
Updated
3 hours ago

Description

🏛️ Unique investment property for sale in Old Batumi — ideal for residence, hotel, or commercial use! ✨ 📍 Address: 9 Alexandre Kazbegi St, Old Batumi 💰 Price: $1,450,000 This is an exceptional opportunity for those seeking a large-scale investment property in the historical and tourist heart of Batumi. 📐 Key features: 🏙️ Total building area: 670 sq. m 🌳 Land plot: 375 sq. m 🌿 Backyard: 200 sq. m 🏠 Floors: 4 🚪 Total rooms: 12 🛌 Bedrooms: 5 📏 Ceiling height: 3.8–4 m 🌅 Balconies on both front and back sides on all floors ✨ Property highlights: 🏨 Perfect for a boutique hotel! The layout, number of rooms, large veranda, and prime tourist location provide excellent potential for a hotel or apart-hotel business. 🏠 Multi-functional space: The building includes: • 12 rooms • 5 bedrooms • additional study/office • kitchen with dining area • large 50 sq. m hall • 4th floor: 70 sq. m studio-style living room and 2 bedrooms • 90 sq. m veranda in the yard • isolated kitchen on the first level of the veranda • 7 bathrooms 🛁 One floor features a spacious 36 sq. m bathroom with a jacuzzi. 💼 Additional investment benefit: 💰 A 67 sq. m commercial space on the ground floor is currently rented for $1,000. It has a separate street entrance, providing immediate rental income. 🏗️ Expansion potential: Possibility to add two additional floors. A structural plan exists, and according to the owner, the foundation is designed for extra load. Expansion is subject to technical inspection and permit confirmation. 📍 Prime location — Old Batumi Situated in the city's most historical and tourist-friendly neighborhood, maximizing potential for hospitality or other commercial projects. 🔑 A rare opportunity for investors — high-potential real estate in the heart of Old Batumi!
Property ID: 963632

Building and location

Alexander Kazbegi St, 9
Batumi, Vake District
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 $‍1,232,500 from the bank
years
months
Mortgage from TBC Bank
from
7,4
%
interest
rate
from
8,3
%
effective interest
rate
≈ $
106 872
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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