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Investment Highlights

  • In profitability
  • Good connections by public transport
  • In good condition

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit Puerta 02
  • 1,614 SF
  • Retail
  • $537,697 ($333.15/SF)
  • $28,067.80
Sale Type Investment
Cap Rate 5.22%
Description
150 m2 commercial space.  
Income-generating property.
Sale Notes
Fantastic commercial space located in the heart of Andrés Mellado Street, in the Gaztambide neighborhood, on one of its most commercial stretches with high pedestrian traffic in the area. Additionally, it is very well connected via public transportation, with several urban bus stops and nearby metro stations.

The space has a total area of 160 m² and is distributed as follows: 111 m² on the ground floor and 50 m² in the basement. It is equipped with a smoke vent, making it ideal for establishing a hospitality business.

It has a capacity for 38 people and a bar license.
Unit Unit Size Condo Use Price NOI
Unit Puerta 02 1,614 SF Retail $537,697 ($333.15/SF) $28,067.80

Unit Puerta 02

Unit Size
1,614 SF
Condo Use
Retail
Price
$537,697 ($333.15/SF)
NOI
$28,067.80

Unit Puerta 02

Unit Size 1,614 SF
Condo Use Retail
Price $537,697 ($333.15/SF)
NOI $28,067.80
Sale Type Investment
Cap Rate 5.22%
Description
150 m2 commercial space.&nbsp;&nbsp;<br> Income-generating property.</li></ul>
Sale Notes
Fantastic commercial space located in the heart of Andr&#233;s Mellado Street, in the Gaztambide neighborhood, on one of its most commercial stretches with high pedestrian traffic in the area. Additionally, it is very well connected via public transportation, with several urban bus stops and nearby metro stations.<br> <br> The space has a total area of 160 m&#178; and is distributed as follows: 111 m&#178; on the ground floor and 50 m&#178; in the basement. It is equipped with a smoke vent, making it ideal for establishing a hospitality business.<br> <br> It has a capacity for 38 people and a bar license.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 22,701 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 6
Typical Floor Size 3,778 SF
Year Built 1983
Lot Size 0.11 AC

Amenities

  • Bus Line
  • Natural Light

Site Amenities

  • Close to Public Transportation
  • Elevator
  • Listing ID: 28659893

  • Date on Market: 6/20/2023

  • Last Updated:

  • Address: Calle Andrés Mellado, 18, Chamberí, Madrid 28015

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