$2,185,793

Just a few steps from the Cathedral of San Pietro Apostolo, in the historic centre of Modica, stands this prestigious 19th-century noble palazzo, representing a rare real estate investment opportunity that combines historic value, a strategic location, and significant potential for appreciation and income generation. The property has undergone substantial structural improvement works, all completed and certified. The roof has been entirely rebuilt, while the historic façades have been enhanced through a meticulous conservative restoration carried out by a specialised restorer. The building extends over approximately 1,200 sqm (12,917 sq ft) and is arranged across the ground floor, five above-ground levels set at partially staggered elevations, and an attic floor. The approved residential project provides for the creation of 10 apartments, 2 commercial units, and a garage/storage area on the ground floor, offering attractive opportunities for development and investment diversification. The structural works and the main exterior works have already been completed, while the interiors remain to be finished in accordance with the approved project, allowing the future owner to tailor and enhance the spaces according to their investment strategy. The combination of an approved project, completed structural works, and a prime location makes this property particularly appealing to investors, developers, and family offices, with the potential to create value either through the sale of the individual units or their operation as income-generating properties. The property is approximately 20 km from Sampieri, 40 km from Noto, 75 km from Syracuse, and 125 km from Catania-Fontanarossa Airport.