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Investment Highlights

  • Transit area
  • Good public transport communications
  • Excellent condition

Executive Summary

Residential building with 5 floors, the ground floor being for commercial premises and the remaining 4 floors for residential.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit Puerta 01
  • 914 SF
  • Retail
  • $700,485 ($766.39/SF)
  • $34,226.84
Sale Type Investment
Cap Rate 4.89%
Sale Notes
Available for investment: Fantastic commercial space located on the ground floor of a residential building near Calle de Toledo. It is situated between the Puerta de Toledo and La Latina metro stations (line 5), very close to Plaza de la Cebada and its namesake market.

The property has a total area of 85 m² distributed across two floors. The street-level floor has a built area of 52 m², featuring an open space with a bar and an unequipped kitchen. The basement has a built area of 33 m² and includes two restrooms and a storage area.

The space is currently leased to a pizzeria and is equipped with a smoke vent and an 8-meter linear façade with street-level access. The rental income for the property is structured as follows:
- 2020: €22,800/year
- 2021: €24,000/year
- 2022: €25,800/year
- 2023: €27,600/year

Additional features include a storefront, security shutters, high ceilings, and air conditioning with heating and cooling functions.
Unit Unit Size Condo Use Price NOI
Unit Puerta 01 914 SF Retail $700,485 ($766.39/SF) $34,226.84

Unit Puerta 01

Unit Size
914 SF
Condo Use
Retail
Price
$700,485 ($766.39/SF)
NOI
$34,226.84

Unit Puerta 01

Unit Size 914 SF
Condo Use Retail
Price $700,485 ($766.39/SF)
NOI $34,226.84
Sale Type Investment
Cap Rate 4.89%
Sale Notes
Available for investment: Fantastic commercial space located on the ground floor of a residential building near Calle de Toledo. It is situated between the Puerta de Toledo and La Latina metro stations (line 5), very close to Plaza de la Cebada and its namesake market.<br> <br> The property has a total area of 85 m&#178; distributed across two floors. The street-level floor has a built area of 52 m&#178;, featuring an open space with a bar and an unequipped kitchen. The basement has a built area of 33 m&#178; and includes two restrooms and a storage area.<br> <br> The space is currently leased to a pizzeria and is equipped with a smoke vent and an 8-meter linear fa&#231;ade with street-level access. The rental income for the property is structured as follows:<br> - 2020: €22,800/year<br> - 2021: €24,000/year<br> - 2022: €25,800/year<br> - 2023: €27,600/year<br> <br> Additional features include a storefront, security shutters, high ceilings, and air conditioning with heating and cooling functions.</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 17,782 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 7
Typical Floor Size 2,540 SF
Year Built 1880
Lot Size 0.07 AC

Amenities

  • Bus Line

Site Amenities

  • Close to Public Transportation
  • Listing ID: 28660436

  • Date on Market: 4/26/2018

  • Last Updated:

  • Address: Calle Humilladero, 30, Centro, Madrid 28005

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