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Plaza de la Constitución Apartment Building $742,153 Aranjuez, Madrid 28300



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Investment Highlights
- Privileged corner location in the historic heart of Aranjuez.
- Two commercial premises with high visibility and pedestrian traffic.
- Great rehabilitation potential with multiple possible configurations.
- Ideal asset for investors looking for added value and revaluation.
Executive Summary
Unique building located at one of the most iconic corners of Aranjuez—at the intersection of Gobernador Street and Plaza de la Constitución—offers an exceptional opportunity for investors seeking a property with heritage value, high visibility, and significant potential for appreciation. This historic property features a commercial ground floor and three upper levels (first, second, and attic), fully compliant with the current urban planning regulations of the PGOU, while preserving its original heights and dimensions, which enhance its architectural character.
The building currently houses two commercial spaces on the ground floor and two residential units on the upper floors. However, the first and second floors stand out for their spaciousness and open-plan layout, allowing them to be divided into multiple residential units or adapted for other compatible uses. This versatility makes the property an excellent option for developing a comprehensive renovation project aimed at the residential market or creating a mixed-use concept that combines commercial, residential, and tourism or long-term stay formats.
The property's strategic location in the heart of the historic center, with constant pedestrian traffic, makes it a prime spot for any commercial activity. Its dual-facade visibility and immediate proximity to services, transportation, dining, and iconic spaces in Aranjuez further enhance its appeal as a short- and long-term investment.
The building currently houses two commercial spaces on the ground floor and two residential units on the upper floors. However, the first and second floors stand out for their spaciousness and open-plan layout, allowing them to be divided into multiple residential units or adapted for other compatible uses. This versatility makes the property an excellent option for developing a comprehensive renovation project aimed at the residential market or creating a mixed-use concept that combines commercial, residential, and tourism or long-term stay formats.
The property's strategic location in the heart of the historic center, with constant pedestrian traffic, makes it a prime spot for any commercial activity. Its dual-facade visibility and immediate proximity to services, transportation, dining, and iconic spaces in Aranjuez further enhance its appeal as a short- and long-term investment.
Property Facts
| Price | $742,153 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Property Type | Multifamily | Building Size | < 15,000 SF |
| Property Subtype | Apartment | Year Built/Renovated | 1900 - 1909/1940 - 1949 |
| Price | $742,153 |
| Sale Type | Investment |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Building Size | < 15,000 SF |
| Year Built/Renovated | 1900 - 1909/1940 - 1949 |
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