Zona Centro Apartment Building $1,762,342 Aranjuez, Madrid 28300

This historic residential building in the heart of Aranjuez offers an exceptional opportunity for investors and developers. With a built area of 843 m², the property includes four residential units distributed across two floors and three commercial spaces on the ground floor, allowing for diversified income streams. The asset combines the architectural charm of the early 20th century with essential modern updates, providing both authenticity and functionality.
It comes with an approved project for conversion into a hotel, backed by the Heritage Commission, offering flexibility for development geared toward the hospitality sector. The spacious interior courtyard of 103 m² enhances the property's appeal, providing a versatile outdoor space for community use or events. Whether maintained as a multifamily asset with rental income from the commercial spaces or transformed into a boutique hotel, the building offers multiple strategies for value creation.
Located in the historic center of Aranjuez —designated a UNESCO World Heritage Site— future operators and visitors will benefit from the area's cultural prestige and steady flow of tourism. Additionally, connectivity to Madrid via major highways and commuter rail ensures excellent accessibility.