Residential and commercial building - Investment property with significant potential.

WIESBADEN - DOTZHEIME STRASSE 61
This residential and commercial building was constructed in 1964. The property features approximately 1,208 square meters of rentable space, as well as 8 outdoor parking spaces. The property is fully let. However, the rents are significantly below market levels, meaning that with relatively little effort, higher rents could be justified. There are two retail spaces on the ground floor: a kiosk/DHL outlet and a fast-food/kebab shop. Both are very well-frequented due to the bus stop located directly in front of the property. Floors 1 to 4 contain eight commercial units (doctor's offices, tax advisory firm, law firm, etc.). These tenants have been in the property for a very long time and are very busy with customers, clients, and patients. On the 5th floor, there are 4 apartments. Two of these are occupied by the building superintendent (for living and office space). In the basement, there are approximately 88 square meters of storage space for the kiosk, as well as additional basement rooms for the other tenants. In the courtyard, there are 8 parking spaces, which are also rented out. For this property's location in this part of the Rheingau district, the 8 parking spaces are an important factor in attracting tenants. The leases for the ground floor (kiosk and fast-food) have 5-year options, expiring in May 2028 (kiosk) and July 2027 (fast-food). All other leases are indefinite and can be terminated according to standard procedures. It is technically feasible, with reasonable effort, to convert the office and medical spaces into residential units.

The property is located in the Rheingauviertel district, which is very popular for urban living. This district borders the Wiesbaden-Mitte district directly to the east, making it very centrally located. This district was developed between 1898 and approximately 1908, and is characterized by attractive buildings from the turn of the century – there are 13 listed cultural heritage buildings alone on Dotzheimer Straße. The building is situated directly on Dotzheimer Straße and has its own driveway suitable for cars, leading to an inner courtyard where there are eight parking spaces. Nearby, you can find the following amenities:
- Doctor's offices, pharmacy, care services, lawyers
- Grocery stores, restaurants, bakery, takeaway food, drugstore, clothing stores
- Hairdressers, nail salon, beauty studio, taxi service
- Protestant church, Catholic church
- Schools, high school
... and much more. In particular, a very large dm drugstore is located directly next door on the left side, which also contributes to the excellent foot traffic. In front of the building, there is a bus stop called "Dreiweidenstraße" on the side of the building, and a few meters away on the opposite side of the street, there is a stop called "Eltviller Straße." The following bus lines stop here: 4, 17, 18, 23, 24, 27, and 45.