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720 SQM building for Sale in Al Nahdah Dist., Riyadh - Dwelleo | Dwelleo
Ref 7964194621
720 SQM building for Sale in Al Nahdah Dist., Riyadh
Al Nahdah Dist., Riyadh
Price
SAR5,500,000
7,639SARper m²
Property Description
A prime investment opportunity to own a mixed-use commercial and residential building in Al Nahdah, Riyadh. The property is strategically located on a 40-meter-wide eastern street near the intersection of Ibn Al-Haytham Street and Prince Bandar Road. It includes 6 residential apartments, 5 commercial shops, and 2 reinforced rooftop annexes.
Property Details
Property Type: Mixed-Use Building for Sale
District: Al Nahdah
Street: 40 m East
Land Area: 720 SQM
Dimensions: 24 m frontage × 30 m depth
Asking Price: SAR 5,500,000
Property Age: Over 25 years
Listing No.: 2123
Building Components
6 Residential Apartments:
Each apartment includes 3 bedrooms and a living room.
2 Bathrooms.
Kitchen.
5 Commercial Shops.
Rooftop:
2 reinforced annexes.
Annual Rental Income
Total annual rental income: SAR 210,000.
Shops: SAR 52,500 per year.
Apartments: SAR 157,500 per year.
The property is currently leased under a single 5-year contract that started in 2023, with 2 years remaining according to the listing information.
A payment is due next month, according to the provided details.
Key Features
Strategic location in Al Nahdah.
Located as the third building after McDonald's from the intersection, according to the listing description.
40-meter-wide street frontage.
5 commercial shops + 6 residential apartments.
Existing rental income.
10 electricity meters.
Two shops share one meter and were previously one shop; the remaining units have separate meters.
Suitable for income-generating investment.