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Commercial property for sale: 2,400 m² in Tbilisi, David Aghmashenebeli Avenue – $5,900,000

David Aghmashenebeli Avenue
$‍‍5,900,000
$‍2,458 per m2
commission-free
$
2 400 m2
total area
area
3 floor
out of 3
out of 3
Listed
Listed
1 December 2025
Updated
Updated
1 December 2025

Description from the seller

Historic Apollo Cinema – A Landmark Investment Opportunity in Chugureti Discover the rare chance to own one of Tbilisi’s most iconic heritage buildings — the historic Apollo Cinema, gracefully situated on the vibrant and culturally rich Davit Aghmashenebeli Avenue. This distinguished property stretches across 2,400 m² and stands out with its elegant classical façade, preserving the timeless charm and architectural character that have defined it for generations. Behind its historic exterior lies a versatile interior space that invites creativity, offering limitless opportunities for redevelopment. Whether envisioned as a cultural and arts center, a boutique hospitality concept, a modern commercial hub, or a unique residential development, the building’s generous layout and open structure allow for bold and imaginative transformation. Positioned on one of Tbilisi’s most popular and high-traffic avenues, the Apollo Cinema enjoys exceptional visibility, convenient accessibility, and immediate proximity to the district’s thriving mix of cafés, galleries, shops, and historic sites. Its prestige, location, and redevelopment potential make it an extraordinary asset for visionary investors and developers. A timeless landmark with endless possibilities — the Apollo Cinema invites you to shape its next chapter.

Building location

Tbilisi, Chugureti District
, David Aghmashenebeli Avenue

Contact seller

Zura Gabaidze
Zura Gabaidze
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 $‍5,015,000 from the bank
years
months
Mortgage from TBC Bank
from
9,9
%
interest
rate
from
11,93
%
effective interest
rate
≈ $
440 665
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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