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Exceptional industrial asset in southern Tenerife: location, scale, and profitability in the business hub of Las Chafiras

€10,600,000
  • ~4,531 m² Plot surface

Description

Industrial warehouse located in the heart of the Las Chafiras business district, one of the most dynamic and best-connected industrial areas in southern Tenerife. This industrial asset offers an exceptional combination of operational scale, value potential, and location, as it is situated in a fully modernized area with convenient access and surrounded by major retail chains and established companies. The property features extensive operational areas, independent access points, and logistics capacity suitable for top-tier operators. An asset aimed at national and international operators, retail chains, logistics platforms, and institutional investment. The warehouse stands out for the extraordinary versatility of its spatial layout, allowing it to adapt to both intensive logistics activities and large-format retail or corporate operations. Its large open-plan areas enable efficient distribution of storage, showroom, production, or customer-service spaces. One of the asset’s distinguishing features is its outdoor internal parking area, which can accommodate high traffic volumes, parking for customers and employees, heavy-vehicle maneuvering, or even the creation of outdoor commercial areas. This operational capacity makes the property an ideal space for logistics operators, dealerships, big-box retailers, distribution centers, or businesses requiring visibility, accessibility, and large-scale functionality. A unique opportunity in a market with strong demand pressure and limited available supply.
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Engel & Völkers Santa Cruz de Tenerife

Your advisor: Carlota Dueñas

Property ID: W-049HHI

Property details
  • Object type

    Site

  • Plot surface

    ~4,531 m²

  • Building restrictions

    None

Location: San Miguel de Abona, Canary Islands

Las Chafiras is today one of the most important and dynamic business hubs in southern Tenerife. Located between the municipalities of San Miguel de Abona and Granadilla de Abona, the area emerged as a strategic industrial estate linked to the tourism-driven growth of the south of the island. Its location provides direct access to the TF-1 motorway, Tenerife South Airport, and the main tourist centers such as Los Cristianos, Costa Adeje, and El Médano. This geographic position makes it a natural logistics point for distribution, wholesale trade, and business services. Over the years, it has evolved from a traditional industrial area into a truly multifunctional economic district. Over the last decade, Las Chafiras has undergone a major process of urban modernization and infrastructure improvement. Expanded access routes, reorganization of heavy-traffic flows, road upgrades, and improved services have transformed the area into a highly operational business environment. Today it brings together official dealerships, large retail outlets, logistics operators, specialized warehouses, construction companies, food distribution firms, and corporate headquarters. High daily activity generates a constant flow of professionals, carriers, and customers, consolidating a stable economic ecosystem with sustained demand for industrial and commercial space. At present, Las Chafiras is regarded as the true business nerve center of southern Tenerife, where industry, logistics, and specialized retail converge. The shortage of available industrial land in the south of the island has significantly increased the strategic value of assets located in this area. Its proximity to high-spending tourist areas, together with its operational capacity for large retail and logistics formats, positions it as one of the strongest industrial real estate markets in the Canary Islands. For companies and investors, it represents a well-established, highly visible environment ready for large-scale operations with long-term growth potential.

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