Marrakech Riad Opportunity: Restore & Profit

Discover a unique investment opportunity in the vibrant heart of Marrakech! This authentic old riad, located in the sought-after Arset El Mesfioui district, near Lycée Limoun Al I’dadia, presents a blank canvas for creating a stunning guesthouse, boutique hotel, or luxurious private residence.

Prime Location:

Nestled in a strategic and peaceful area of Arset El Mesfioui, this riad benefits from

Excellent Accessibility: Easily located via Google Maps with coordinates 31.6265303, -7.9766236.
Jemaa el-Fna Square: Just a 19-minute walk or an 8-minute drive from Lycée Limoun Al I’dadia.
Dual Frontage & Car Access: Featuring two entrances with direct car access to the front, a significant advantage in the old city.
Thriving Tourist Area: Situated in a neighborhood with numerous successful riads, making it a prime location for attracting tourists seeking authentic Moroccan experiences.

Untapped Investment Potential:

This property offers immense potential for investors looking to capitalize on Marrakech's thriving tourism industry:

Ideal for Development: Perfect for a complete renovation and transformation into a high-end riad or a charming boutique hotel.
High Return on Investment: The location and the increasing demand for authentic accommodations in Marrakech ensure strong potential for high returns.
Proximity to Attractions: The area is rich in tourist attractions, ensuring a steady flow of potential guests.

Property Details:

Size: 164 square meters.
Layout: Currently features 7 rooms, a traditional courtyard ("Qaa Dar"), a central patio ("Stwano"), 2 kitchens, 2 bathrooms, and 2 terraces.
Condition: Requires complete renovation, offering a unique opportunity to design and customize the property to your exact specifications and vision.
Legal Documentation: ownership certificate.
History: This riad was once owned by a prominent local family, adding a touch of historical significance and authentic charm to the property. Now in the hands of its rightful heirs, it is ready for a new chapter.

Why Invest in This Riad?

Unbeatable Location: Situated in the heart of the Medina, close to key attractions and amenities.
Significant Investment Opportunity: Ideal for those seeking a unique project with high potential returns in Marrakech's booming tourism sector.
Authenticity and Charm: A chance to own and revive a traditional Moroccan riad with historical roots.
Price: 174,312 (USD) - Negotiable
Don't miss this exceptional opportunity to acquire a prime piece of Marrakech real estate with incredible investment potential!