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Plaza del Peñón 1,593 SF Retail Condo Unit Offered at $301,803 in Alcorcón, Madrid 28923

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Investment Highlights

Next to Sierra de Cerro Santo Plaza.

Bus stops nearby.

Executive Summary

Residential building with all types of services nearby. It features green areas and good connections to public transportation.

Property Facts

Total Building Size	> 50,000 SF	Building Class	C
Property Type	Multifamily (Condo)	Floors	10
Property Subtype	Apartment	Year Built	1970 - 1979

Total Building Size	> 50,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Building Class	C
Floors	10
Year Built	1970 - 1979

Bus Line

Natural Light

Unit Amenities

Heating

Site Amenities

Close to Public Transportation

Elevator

1 Unit Available

Unit Size	1,593 SF	Sale Type	Investment
Price	$301,803	Cap Rate	6.40%
Price Per SF	$189.46	NOI	$19,315.37
Condo Use	Retail

Unit Size	1,593 SF
Price	$301,803
Price Per SF	$189.46
Condo Use	Retail
Sale Type	Investment
Cap Rate	6.40%
NOI	$19,315.37

Description

Commercial space of 148 m2. Profitable. Leased since August 2023.

Sale Notes

Commercial space for sale currently rented, ensuring income from day one and making it a very interesting opportunity for investors seeking immediate profitability and stability. The property is leased to a specialized yoga and wellness center, a growing activity with a loyal clientele, which provides continuity to the lease and solidity to the asset.

The space is located in Plaza del Peñón, in Alcorcón, within a well-established residential area with local shops, services, and good public transport connections. This location favors customer traffic and the development of health and wellness-related activities, thus enhancing the commercial appeal of the property.

The space is approximately 147.38 m2 according to the registry. The lease agreement has been in effect since August 2023 and offers a gross return of 7.6% and a net return of 6.4%.