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Parque Mayor 9,375 SF Retail Condo Unit Offered at $1,636,661 in Alcorcón, Madrid 28922
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Investment Highlights
- Area with high residential density and a full range of services.
- Good access to the M-506 and close to the A-5.
Executive Summary
Commercial building located in the municipality of Alcorcón, within a well-established urban and commercial area. It is situated in a strategic location, close to main roads and high-density residential zones. The immediate surroundings feature local shops, supermarkets, offices, educational centers, and leisure areas, which ensure a steady flow of visitors and facilitate the development of commercial activities. The location is well-connected via the M-506 and has easy access to the A-5 highway, as well as public transportation through urban and intercity bus lines that link various points in Alcorcón and Madrid's city center.
Property Facts
| Total Building Size | > 50,000 SF | Floors | 1 |
| Property Type | Retail (Condo) | Year Built/Renovated | 1970 - 1979/2000 - 2009 |
| Building Class | C | Parking | Yes |
| Total Building Size | > 50,000 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Year Built/Renovated | 1970 - 1979/2000 - 2009 |
| Parking | Yes |
Amenities
- Security System
- Storage Space
- High Ceilings
- Recessed Lighting
- Private Bathroom
- Air Conditioning
1 Unit Available
| Unit Size | 9,375 SF | Sale Type | Investment |
| Price | $1,636,661 | Cap Rate | 6.00% |
| Price Per SF | $174.58 | NOI | $98,199.67 |
| Condo Use | Retail |
| Unit Size | 9,375 SF |
| Price | $1,636,661 |
| Price Per SF | $174.58 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $98,199.67 |
Description
The property is located at street level and sits on the corner of two roads, giving it a wide façade with display windows, ideal for maximizing commercial visibility.
It is laid out over two floors:
Street level floor with 383 sq m of usable space.
Basement floor with 228 sq m of usable space.
Sale Notes
Ref.: ALMAN-102919716
Retail space for sale located in the center of Alcorcón, in the Parque Mayor area, next to Calle Mayor, one of the main commercial corridors with the highest foot traffic and visibility in the municipality.
The unit is currently leased and in operation, generating a 6% return, which makes it an attractive opportunity for investors.
In addition, it includes air rights for two additional floors, as it is part of a single-story shopping center.
Nearby Major Retailers
Presented by
Parque Mayor
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