High-Traffic CBD Commercial Buidling In Harare

Harare City Centre, Harare CBD, Harare

$3,210,000

Harare City Centre, Harare CBD, Harare

2,000 m²

1,190 m²

Description

This is a rare opportunity to acquire a solid double storey commercial property strategically located along Mbuya Nehanda Street in the heart of Harare CBD, one of the busiest and most high-traffic corridors in the city. The building, covering approximately 2,139 square metres under roof, was designed with industrial strength and retail functionality in mind. It features cement floors, ground floor drainage, and reinforced pillars strong enough to carry additional upper floors, offering the potential to expand vertically to a third, fourth or even more levels. The property has an impressive average building height of 4. 94 metres, making it suitable for supermarket racking, wholesale storage, and mall-style shopfronts.

On the logistics side, the property is fitted with a delivery conveyor belt running from the second floor down to the ground, allowing for efficient movement of goods between the supermarket space below and the warehouse or offices above. Multiple roller shutter doors secure the delivery points, while fire hydrants and sprinklers provide safety compliance. Essential amenities include ablutions, a fitted kitchen, butchery and bakery sections, as well as several storerooms. The property is serviced by industrial-grade four-phase ZESA power, backed up by a 250 kVA generator, and reliable water storage tanks are already installed.

Currently configured for retail, warehouse and office use, the property is highly versatile and ideal for conversion into a modern shopping mall. By subdividing each floor into 5 by 5 metre units, the space can accommodate approximately 40 shops per level. With rental rates projected between US$250 and US$350 per unit per month, each floor has the potential to generate between US$10,000 and US$14,000 monthly, meaning two floors could yield up to US$28,000 and with the addition of new levels, the income potential compounds significantly.

Its unmatched CBD location along Mbuya Nehanda Street ensures constant heavy pedestrian and vehicle traffic, guaranteeing strong footfall for retail businesses and excellent exposure for tenants. This property offers an investor the opportunity to transform an already powerful commercial structure into a high-income shopping mall or mixed-use commercial centre, right at the heart of Harares economic activity.