For sale commercial property, UZ018444
Budapest VII. kerület, Középső Erzsébetváros

2,568,195,000 Ft

6,300,000 €

  • 1,735m²

Literally a huge investment opportunity in the city center! Excellent location, great potential!

Exceptional Investment Opportunity in the Heart of Budapest – 98 Dohány Street

We are offering for sale a 1,735 m² unencumbered school building in excellent condition, currently operating as an educational center. Located in one of the most sought-after and rapidly developing areas of Budapest – the Middle Erzsébetváros district – this property holds exceptional potential for multiple uses beyond education.

The surrounding neighborhood is vibrant and well-connected, with numerous hotels, restaurants, cultural venues, and public transport options nearby. Its central location makes it not only convenient but highly attractive for both local and international visitors, tenants, and institutions.

– Total building area: 1,735 m²
– Plot size: also 1,735 m²
– Current function: educational facility
– Technical condition: excellent, ready to use
– Heating system: gas boiler (cirko)
– View: open, panoramic
– Asking price: EUR 6,300,000 (VAT exempt)
– Legal status: free of encumbrances
– Transportation: excellent public and car access

Thanks to its location and structure, the property offers outstanding redevelopment opportunities, including:

– Student residence or dormitory: ideal due to proximity to universities and the growing demand for central long-term accommodations
– Co-working office center: the building can be transformed into a modern shared workspace with high demand in the downtown area
– Private clinic or medical center: spacious layout and calm interior courtyard provide perfect conditions for health-related services
– Boutique hotel or hostel: the ever-increasing tourist traffic in Budapest makes this a prime spot for hospitality investment
– Art gallery or cultural hub: located in a lively, creative district, perfect for exhibitions or community events
– International school or private education: the property may continue functioning as an educational institution, upgraded to a premium level

Investment highlights and expected return:

– Depending on the chosen function, the estimated annual yield is between 7–9%
– Redevelopment can increase usable square meters and further boost income potential
– The district is undergoing constant regeneration, with rising property values and visitor numbers
– The VAT-exempt status makes this a particularly appealing structure for investors

This is a rare opportunity for those seeking a high-volume, centrally located, and long-term value-holding investment project in Budapest. With thoughtful development, the return can be significant in both the short and long term.

For more information, a guided visit, or a consultation about potential concepts, feel free to contact us anytime.

Registration Number

UZ018444

Property Details

Sales
for sale
Legal Status
used
Character
commercial
Type of Business Property
entire building
Construction Method
brick
Net Size
1,735 m²
Plot Size
1,735 m²
Above-Ground Net Size
20 m²
Heating
Gas circulator
Ceiling Height
300 cm
Number of Levels Within the Property
3
Condition
Excellent
Condition of Facade
Good
Water
Available
Gas
Available
Electricity
Available
Sewer
Available
Elevator
available

 

Possible Functions
retail, hospitality unit, industrial hall or warehouse, logistics center, hotel, guesthouse, hostel, healthcare center, educational center, other
Utilization
vacant
Ruczek Krisztina
Ruczek Krisztina

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