Building for Sale in Dammam Ash Shati Al Gharbi

commercial service complex within al shati neighborhood area: 1929 square meters opposite king abdullah marine waterfront, dammam corniche the building is a commercial service building (within the neighborhood) not on a commercial street the building is completely visible from the corniche road, fully exposed with nothing blocking or covering it ground floor consists of 22 units currently 11 units are rented plus a zain telecommunications tower on the roof with total current value of 440 thousand telecommunications tower has a 10-year contract renewed about 3 months ago at 60 thousand riyals annually remaining rentals have annual contracts laundry 60 thousand (3 units) grocery store 45 thousand (2 units) pet store 20 thousand (1 unit) water carton sales 24 thousand (1 unit) restaurant 30 thousand (1 unit) women's tailor 20 thousand (1 unit) café 150 thousand (2 units) frozen food restaurant sambosa and qimat 30 thousand (1 unit) one unit has been vacant for about 7 years the remaining rented units were leased within approximately 3 months due to property management negligence by the previous office, so marketing and leasing of the building was handled by another party mezzanine floor above the units is almost a complete open floor with area of 752 square meters apartments on the first floor above the mezzanine consist of 14 rooms, 5 bathrooms and kitchen with approximate area of 500 square meters regarding the mezzanine and first floor, marketing is underway with dental centers, training institutes, women's sports clubs, large women's workshops or similar estimated and targeted rental (currently) for upper floors is not less than 500 thousand per year meaning 440 thousand current revenues + remaining units + upper floors (target income for 2026 to be not less than one million riyals including exemption periods) according to current plan sale based on current condition not less than 6 million