This ready-to-move-in building in Vélez-Málaga, located on Carretera de Loja, offers significant commercial and residential potential. With a total built area exceeding 950 m² spread over four floors on a 581 m² plot, this property is suitable for both investors seeking profitability and families wishing to combine living and business operations. The ground floor is designed as commercial space and warehouse, while the first and second floors house two separate residential apartments. The top floor provides storage and access to a usable rooftop terrace.
Key characteristics of location, homes, project phase and points of attention.
This building is situated in an urban area of Vélez-Málaga, with essential amenities like a supermarket at 273 meters and a pharmacy at 122 meters within walking distance. Although the coast is over 5 km away, the immediate vicinity is well-connected and offers a vibrant local life with various restaurants and shops within a 2 km radius.
The layout of this building caters to diverse living needs. The possibility of combining a large commercial space with two independent apartments offers flexibility for multi-generational families, those wanting a home-based business, or individuals looking to benefit from rental income.
The building is already completed, with construction dating back to 1978. There are no new construction plans; the existing structure is immediately available for use. Potential buyers can assess the property's current condition and plan any necessary modifications according to their own vision, without waiting for future construction phases.
This property is offered without community fees, representing a direct saving for the owner. No specific energy efficiency labels or shared facilities like a swimming pool or gym are mentioned, indicating their absence or lack of specification.
Ref: VL918555
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
This property is a suitable option for investors seeking a building with diverse rental possibilities. The ground floor can be leased as commercial space, while the two upper apartments can be rented out separately to tenants preferring an urban residential environment. It is also an attractive choice for entrepreneurs looking to establish their business and reside in the property simultaneously, or for large families requiring ample living space and the potential to utilize part of the building for commercial purposes.
Constructed in 1978, the building utilizes construction methods typical of that era. The residential areas on the first and second floors each measure 174 m², indicating spacious rooms and a traditional layout with separate living and dining areas, kitchens, and multiple bedrooms. The ground floor comprises a large 578 m² commercial space with a restroom and easy access. The finishes are functional, featuring tiled floors and terraces with blue tiles as seen in the imagery. Specific details on high-end materials or finishes are not provided, suggesting a standard level that may benefit from modernization.
This complete building is offered at a price of €850,000. Considering the extensive built area of 950 m² distributed over multiple floors and its versatile layout including a commercial space and two apartments, the pricing reflects its specific market value. The property is immediately available, allowing for a swift acquisition by investors or new owners eager to realize their plans without delay.
Vélez-Málaga, located inland in the Axarquía region, offers an authentic Andalusian experience, away from the coastal bustle. The urban setting of this building ensures that daily necessities, such as shopping at the local supermarket (273 m) or visiting the pharmacy (122 m), are within walking distance. For those seeking more vibrancy, there are 15 restaurants and 8 cafes within a 2 km radius. While the beaches of Torre del Mar and La Caleta are approximately 5 km away, the immediate location provides a calmer pace of life, with easy access to the coast by car or via the extensive public transport network featuring 21 stops and 12 lines nearby.
Vélez-Málaga, the capital of Axarquía, offers an urban lifestyle with access to daily amenities. The building's immediate vicinity is equipped with a supermarket (273 m) and pharmacy (122 m), simplifying daily routines. With 15 restaurants and 8 cafes within 2 km, dining and leisure options are plentiful. The proximity to educational institutions (19 primary schools, 9 secondary schools) and healthcare facilities (3 health centers) highlights its suitability for families. Although the building is inland, the beaches of Torre del Mar are approximately 5 km away, accessible by car or local public transport, which includes 21 stops and 12 routes.
This building is located in Vélez-Málaga, the capital of the Axarquía region in the province of Málaga. Its inland position, combined with good connections to the coast and surrounding cities, offers a blend of urban convenience and access to the Andalusian lifestyle.
Approximate area · exact address shared on request
Vélez-Málaga serves as the capital of the Axarquía comarca and is an integral part of the larger Málaga province and the Costa del Sol region. Situated 30 km from the provincial capital, Málaga, it provides access to a major city with an international airport and urban amenities. Larger cities like Granada (62 km) and Marbella (76 km) are reachable for day trips or business purposes, underscoring Vélez-Málaga's central position within Andalusia.
This property is conveniently located relative to various amenities. The nearest supermarket is 273 meters away, the pharmacy 122 meters, and the hospital 3.3 km. The beaches of La Caleta are approximately 5 km away as the crow flies. For golfers, several courses are available, with the closest one being 35 km away. Málaga Airport is easily accessible, located approximately 37 km away. Public transport is available with 21 stops and 12 bus lines serving the area, although a car is recommended for optimal convenience in the region.
| Beach Distance | 4.6 km |
| Malaga-Costa del Sol (AGP) | 37 km |
| Gibraltar (GIB) | 132 km |
Source: OpenStreetMap, Google Maps
Vélez-Málaga is situated at an elevation of 52 meters above sea level and benefits from a Mediterranean climate. The average annual temperature is 17.2°C, ensuring pleasant conditions for most of the year. The swimming season, with water temperatures reaching 20°C or higher, lasts approximately four months. Its proximity to the coast contributes to a mild climate, with the gradient towards the beach being a gentle 1.1%, considered flat. The surrounding area also offers natural viewpoints such as Mirador de la Maroma, located 0.8 km away.
Source: Open-Meteo (2020, 2025 average)
Although the building is located inland, the beaches of the Costa del Sol are readily accessible. Playa de La Caleta is approximately 4.6 km away, and other beaches like Torre del Mar (Paseo Marítimo) are within reasonable distance, all holding Blue Flag status. For recreational activities, the immediate vicinity features a sports complex with an indoor pool 0.6 km away, padel courts at 1.2 km, and other sports centers. The region boasts a total of 140 sports facilities. Marina facilities are also available, such as Puerto Deportivo Caleta de Vélez, located 4.0 km away.
140 Facilities Available
Source: Blue Flag 2026, OpenStreetMap, CSD
Vélez-Málaga serves as the capital of the Axarquía comarca and is an integral part of the larger Málaga province and the Costa del Sol region. Situated 30 km from the provincial capital, Málaga, it provides access to a major city with an international airport and urban amenities. Larger cities like Granada (62 km) and Marbella (76 km) are reachable for day trips or business purposes, underscoring Vélez-Málaga's central position within Andalusia.
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, this building stands out as a distinctive opportunity due to its scale and versatility, whereas projects like La Gloria Playa (from €740,000) focus on new-build apartments. In contrast to more coastal new-build developments such as Acqua Gardens (€418,800) and Aby Upper (€320,000) in Estepona, which offer smaller units for a direct beachfront lifestyle, this property presents a substantial investment opportunity combining commercial and residential space in an established urban center. The €850,000 price point reflects its size and potential for development or owner-occupation in a region that embraces both Andalusian culture and proximity to tourist attractions. While the aforementioned Estepona projects cater to the contemporary holiday home market, this building appeals to a broader audience interested in multi-functional real estate solutions.
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