This four-level building in Vélez-Málaga represents a substantial property combining commercial and residential spaces. Located in the administrative centre of the Axarquía comarca, the property features 950m² of constructed space on a 581m² plot. The building includes two separate residential apartments and a large commercial ground floor, all completed in 1978. With urban conveniences within walking distance and the Mediterranean coast just 5km away, the property occupies a strategic position in this historic town of the Costa del Sol region.
Key characteristics of location, homes, project phase and points of attention.
The building is situated in an established urban area of Vélez-Málaga with essential amenities directly accessible. At 52m above sea level, the location offers a slight elevation while maintaining the practicality of flat terrain. The position balances urban convenience with proximity to coastal areas, being just 5.1km from the nearest beach. The property's placement on Carretera de Loja provides good visibility and accessibility within the town's infrastructure.
This property accommodates substantial residential requirements through its two separate apartments. The first-floor residence offers four bedrooms suitable for families, while the second apartment provides three bedrooms, creating flexible housing options. Both apartments include independent kitchens and multiple bathrooms, supporting self-contained living arrangements. The commercial ground floor presents potential for business activities or additional storage space, addressing diverse functional requirements within a single structure.
The building was completed in 1978, representing established construction rather than recent development. As a completed project, the property is immediately available without construction delays or uncertainties. The structure has demonstrated durability over several decades, with the building's four levels reflecting the architectural approaches of that period. The absence of ongoing construction means buyers can assess the property in its finished state, evaluating all aspects without reliance on future completion promises.
The property does not offer modern energy efficiency certifications typical of new developments. The 1978 construction date means the building does not incorporate contemporary building standards or materials. There is no shared community facilities such as swimming pools or gardens. The property does not include dedicated parking spaces within the plot. The building does not feature modern security systems or smart home technology as standard features.
Ref: VL918555
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
This property suits investors seeking diversified income streams through a combination of residential and commercial spaces. The building's structure accommodates extended families wishing to maintain separate households within the same property. Business operators benefit from the visibility of the ground-floor commercial space while residing above. The proximity to urban amenities makes the location practical for those prioritising convenience over coastal views. The property's multi-level design appeals to those needing substantial space who prefer urban settings over resort complexes. Real estate developers may find value in the building's potential for refurbishment or conversion to meet contemporary market demands.
The building showcases the construction characteristics of the late 1970s period with solid structural elements. The residential apartments feature tiled flooring typical of Mediterranean properties, with the terraces displaying traditional blue tilework that remains functional. The internal spaces include fitted bathrooms with period-appropriate fixtures. The kitchens are designed as separate rooms rather than open-plan configurations. Windows provide natural light throughout the spaces, with the terraces offering additional outdoor living areas. The commercial ground floor presents practical finishes suitable for business activities, with emphasis on durability and functionality rather than decorative elements. The roofing and structural systems have withstood multiple decades of use, indicating quality foundational construction.
The property is marketed at €850,000, representing the combined value of the entire building including both residential apartments and commercial space. This price point positions the building as a substantial investment within Vélez-Málaga's property market. The pricing reflects the extensive 950m² of constructed space across four levels, along with the 581m² plot size. When considering similar properties in the area, this building offers significant space per euro compared to standard apartments. Buyers should budget approximately 10% above the purchase price for associated acquisition costs including transfer tax, notary fees, and registration expenses.
Daily life in this building combines residential comfort with commercial potential. The ground floor's spacious 578m² area can accommodate various business activities, from retail to storage, with the advantage of separate street access. The residential floors function independently, allowing for distinct households or flexible living arrangements. The rooftop terrace offers outdoor space for laundry drying or leisure activities with views of the surrounding area. Within a 273m walk, residents reach supermarkets, while pharmacies and restaurants are similarly close. The location supports both pedestrian access to daily necessities and vehicular connectivity to broader regions. The building's structure enables multiple lifestyle configurations, from combined living and working spaces to separate rental units generating income.
Residents experience an urban lifestyle with immediate access to Vélez-Málaga's comprehensive amenities. Within 2km, the area offers 15 restaurants, 12 pharmacies, and 11 banks, supporting daily convenience without vehicular dependence. The municipality provides 19 primary schools and 9 secondary schools, making the location suitable for families with educational considerations. Healthcare needs are served by three health centres within the town, with the main hospital just 3.3km away. The property's position allows for both urban living and easy coastal access, with beaches just over 5km distant. The town's population of approximately 86,000 provides sufficient scale for diverse services while maintaining a community atmosphere rather than overwhelming urbanisation.
The property's location on Carretera de Loja places it along one of Vélez-Málaga's principal arterial routes. This position provides straightforward access to both the town centre and connections to neighbouring areas. The surrounding district consists primarily of established residential and commercial buildings, reflecting the urban character of this part of the municipality. The slightly elevated terrain offers subtle views towards the Mediterranean Sea to the south while maintaining the practical flat terrain preferred for urban development.
Approximate area · exact address shared on request
Vélez-Málaga occupies a strategic position as the capital of the Axarquía comarca within Málaga province. The town stands approximately 30km east of Málaga city, placing it within the wider Costa del Sol region while maintaining distinct local identity. This location offers proximity to both provincial services and regional attractions, with access to Granada (62km) and Marbella (76km) for day trips. As the headquarters of the Commonwealth of Municipalities of Costa del Sol-Axarquía, the town functions as an administrative centre for the eastern Costa del Sol area, bridging coastal tourist developments with inland traditional settlements.
The nearest beaches, including Blue Flag certified Playa de La Caleta, are situated 5.1km from the property, reachable within approximately 10 minutes by car. Málaga city centre, with its extensive services, lies 30km away, typically a 30-35 minute journey. Málaga-Costa del Sol Airport is 37km distant, facilitating international travel with approximately 40 minutes driving time. Golf enthusiasts will find Club de Golf Málaga Parador 35km away, while Campo de Golf Miguel Ángel Jiménez and Club de Golf de Guadalhorce are slightly further at 38km and 39km respectively. These sporting facilities typically require 40-45 minutes to reach by vehicle, making them accessible for day trips rather than frequent spontaneous visits.
| Malaga-Costa del Sol (AGP) | 36 km |
| Gibraltar (GIB) | 131 km |
Source: OpenStreetMap, Google Maps
Vélez-Málaga enjoys a typical Mediterranean climate with an average annual temperature of 17.2°C. The town's elevation of 52m above sea level provides mild conditions without significant temperature extremes. The surrounding terrain features gentle slopes of just 1.1% towards the coast, creating comfortable topography for daily activities. The region receives approximately 320 days of sunshine annually, supporting an outdoor lifestyle throughout most of the year. The swimming season extends for four months when water temperatures consistently reach or exceed 20°C, typically from June to September. The climate supports both Mediterranean vegetation and agricultural activities historically important to the region's economy.
Source: Open-Meteo (2020, 2025 average)
The coastline near Vélez-Málaga features three Blue Flag beaches within easy reach: Benajarafe, La Caleta (Paseo), and Torre del Mar (Paseo Marítimo). Playa de La Caleta, at 5.1km from the property, represents the nearest coastal access point with certified water quality and facilities. Golf facilities require greater travel distances, with the closest being Club de Golf Málaga Parador at 35km away. The municipality maintains 140 sports facilities within its boundaries, including Complejo Deportivo Piscina Cubierta Vélez-Málaga just 0.6km from the property, offering indoor swimming and other athletic activities. The Puerto Deportivo Caleta de Vélez marina, located 4.0km away, provides boating facilities and coastal dining options.
140 Facilities Available
Source: Blue Flag 2026, OpenStreetMap, CSD
Vélez-Málaga occupies a strategic position as the capital of the Axarquía comarca within Málaga province. The town stands approximately 30km east of Málaga city, placing it within the wider Costa del Sol region while maintaining distinct local identity. This location offers proximity to both provincial services and regional attractions, with access to Granada (62km) and Marbella (76km) for day trips. As the headquarters of the Commonwealth of Municipalities of Costa del Sol-Axarquía, the town functions as an administrative centre for the eastern Costa del Sol area, bridging coastal tourist developments with inland traditional settlements.
Vélez-Málaga, locally known as Vélez, is a municipality, the capital of the Axarquía comarca in the province of Málaga, in the Spanish autonomous community of Andalusia. Vélez-Málaga is the headquarters of the Commonwealth of Municipalities of Costa del Sol-Axarquía. The municipality forms part of the Costa del Sol region.
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Within Vélez-Málaga's property market, this building offers a distinctive combination of scale and mixed-use potential. Compared to La Gloria Playa, also in Vélez-Málaga with prices starting from €740,000, this property provides significantly more space and commercial potential at a similar price point. However, projects in Estepona such as Acqua Gardens (from €418,800) and Aby Upper (from €320,000) present more affordable entry points but with less space and without the commercial component. The Vélez-Málaga location offers advantages over Estepona in terms of authentic Spanish atmosphere and lower tourist density, while maintaining access to similar coastal amenities. The property's 1978 construction date places it among the more established buildings in the region, contrasting with newer developments that typically command premium prices per square metre but may offer less total space for equivalent investment.
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