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Calle Cava Alta 990 SF Retail Condo Unit Offered at $571,099 in Centro, Madrid 28005
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INVESTMENT HIGHLIGHTS
- Located with the façade facing the street, exposing the user of the space to the business generated by foot traffic.
- Close to the Plaza Mayor of the Royal Palace and the Plaza de los Carros, with good public transport links.
EXECUTIVE SUMMARY
Residential building with street-level retail spaces, covering 946 m², built in 1900 along Cava Alta Street in Madrid.
PROPERTY FACTS
| Total Building Size | < 15,000 SF | Building Class | B |
| Property Type | Multifamily (Condo) | Floors | 6 |
| Property Subtype | Apartment | Year Built | 1900 - 1909 |
| Total Building Size | < 15,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 6 |
| Year Built | 1900 - 1909 |
AMENITIES
- Bus Line
SITE AMENITIES
- Close to Public Transportation
1 UNIT AVAILABLE
Unit pt iz
| Unit Size | 990 SF | Condo Use | Retail |
| Price | $571,099 | Sale Type | Investment or Owner User |
| Price Per SF | $576.87 |
| Unit Size | 990 SF |
| Price | $571,099 |
| Price Per SF | $576.87 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
DESCRIPTION
Commercial space of 93 m² built on two floors, with a bar license, equipped for hospitality, located in a renovated building in the historic center of Madrid.
SALE NOTES
Opportunity in the heart of Madrid de los Austrias, in the Palacio district, this commercial space is located on Cava Alta street, just a few meters from Plaza Mayor and the Royal Palace. The property has a built area of 93 m² and a usable area of 74 m², distributed over two floors. It has a definitive license in effect as a bar. The ground floor offers a main room of 40 m², an acoustic entrance lobby, service lobby, two bathrooms, storage room, a small patio, and stairs leading to the basement. The basement features a lobby and an open-plan room of 18 m². The space is equipped with panic security doors, soundproofing system, smoke vent, air conditioning (hot/cold), extractor, and hospitality bar. Additionally, it includes equipment such as a two-meter stainless steel bottle cooler, glass washer, chest freezer, toaster, and sink.
The building has been renovated and has passed the technical inspection (ITE). Community expenses amount to €65 per month. The space is ready to start hospitality activities, but it also offers excellent possibilities for other commercial uses or even conversion into a residence, thanks to its prime location.
Presented by
Inmobiliaria Miguel J.
Calle Cava Alta
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