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Avenida Reyes Católicos, 23 592 SF Retail Condo Unit Offered at $163,024 in Alcalá de Henares, Madrid 28802
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INVESTMENT HIGHLIGHTS
- Profitable premises, ideal for investors
- Heavily trafficked area
- In perfect condition
PROPERTY FACTS
| Total Building Size | 7,147 SF | Typical Floor Size | 3,574 SF |
| Property Type | Retail (Condo) | Year Built | 1975 |
| Building Class | B | Lot Size | 0.08 AC |
| Floors | 2 |
| Total Building Size | 7,147 SF |
| Property Type | Retail (Condo) |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 3,574 SF |
| Year Built | 1975 |
| Lot Size | 0.08 AC |
AMENITIES
- Close to Public Transportation
- Natural Light
1 UNIT AVAILABLE
| Unit Size | 592 SF | Condo Use | Retail |
| Price | $163,024 | Sale Type | Investment |
| Price Per SF | $275.38 |
| Unit Size | 592 SF |
| Price | $163,024 |
| Price Per SF | $275.38 |
| Condo Use | Retail |
| Sale Type | Investment |
SALE NOTES
Great opportunity for investors. Commercial space of 55 m2 in one of the main avenues of Alcalá de Henares.
It has been operating as a bar-restaurant for more than 20 years. It is currently leased for 800 €/month, with the lease ending on October 31, 2027, with the possibility of extending it for 4 more years.
In 14.58 years, investment would recover. Note that there is an update of annual income based on the CPI, so the return on investment will occur much sooner. There are no community fees for homeowners.
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Avenida Reyes Católicos, 23
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