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A historic stone building with green-framed windows and a balcony, situated on a cobblestone street with a stone archway. [AI-generated text]

E&V sells historic building in Mazarelos Square, with commercial premises and three floors

€640,000
  • ~202 m² Total surface
  • ~170 m² Living area

Description

Located at the iconic Mazarelos Gate, this property represents an unparalleled opportunity for investors seeking value, history, and profitability in the heart of Santiago de Compostela.

The building, whose cadastral origin dates back to 1920, underwent a complete renovation in 2000 and has been entirely brand-new ever since. Its optimized 200 layout comprises: Commercial premises (50 ): Perfect for a street-level business in a strategic location with constant pedestrian and visitor traffic. Three independent apartments (50 each): Ready to be marketed for tourist or long-term rentals.

The building is steeped in historical symbolism: it is attached to the Mazarelos Arch, the only surviving gate of the seven that once guarded the old medieval wall. In addition, the property preserves the foundations of an ancient defensive tower, making it a living fragment of the city’s heritage.

Its privileged location in the heart of the historic district ensures consistently high demand. An architectural gem that perfectly combines history, immaculate condition, and maximum profitability.

Features
Balcony
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Engel & Völkers Santiago de Compostela

Your advisor: Alberto Valdés López

Property ID: W-04BQUO

Property details
  • Object type

    Investment

  • Total surface

    ~202 m²

  • Living area

    ~170 m²

  • Flooring

    Parquet

Energy efficiency information
  • Energy certificate available

    In progress

    Location: Santiago de Compostela, Galicia

    The location is unique: in the city, Mazarelos Square embodies the student atmosphere, given its proximity to the Faculty of Philosophy and the Faculty of Geography and History. The statue presiding over the square is that of Eugenio Montero Ríos, and some consider it one of the city’s finest squares—ideal for taking a break, observing the city’s pulse, or having a coffee at one of its legendary old cafés, such as Candilejas. It is also on the way to, and only a few metres from, the well-known and highly regarded Food Market Square. From the other side of the house, looking out the window, you can admire the magnificent Convent of the Mercedarian Sisters. History tells us that this was the entrance route for pilgrims arriving via the Silver Way, as mentioned in the Codex Calixtinus. The adjoining streets are Calderería, Tránsito de la Merced and University Square.

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