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Investment Highlights

  • Great capacity for conditioning
  • Traditional hotel zone
  • Entrance to two streets

2 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1
  • 5,769 SF
  • Retail
  • $2,286,760 ($396.39/SF)
  • -
Sale Type Investment or Owner User
Sale Conditions High Vacancy Property, Building in Shell Condition
Description
Commercial space located in one of the areas with the most traditional luxury hospitality, where we can find restaurants such as Opazo, Asador Gaztelupe, Goizeco Kabi and Pastelerias Mallorca.
It has excellent communications, both for private and public transport. In addition, all the necessary services are located a few meters from the building, including public parking lots.

The place is distributed on a street floor of 271 m2, a first floor of 403 m2 and a basement floor of 314 m2, the meters are useful.
The rent for the first year will be 16,000 euros, the second year 17,000 euros and the third year 18,000 euros.

The property requires a two-month legal deposit and a bank guarantee in the amount of 12 monthly installments.
It has access through two streets, through Calle Reina Mercedes and through Calle Don Quijote.
Sale Notes
Opportunity to acquire a raw commercial space, free of tenants, located at Reina Mercedes Street 12 in Madrid. The property has two access points, one from Reina Mercedes Street and another from Don Quijote Street. It is situated in an area renowned for its high-end hospitality tradition, with establishments such as Opazo, Asador Gaztelupe, Goizeko Kabi, and Mallorca pastry shops.

The surrounding area experiences high residential demand, both permanent and temporary (short, medium, and long-term stays), driven by excellent transportation links and proximity to offices, business centers, and educational institutions. The space is equipped with a recently legalized exhaust system and holds a hospitality license. There is also the possibility of dividing the space into two independent units. The commercial area has a surface of 535.64 m² and its main access is through Reina Mercedes Street.
  • Unit 2
  • 7,276 SF
  • Retail
  • $2,286,760 ($314.29/SF)
  • -
Sale Type Investment
Sale Conditions Redevelopment Project
Description
Commercial space located in one of the areas with the most traditional luxury hospitality, where we can find restaurants such as Opazo, Asador Gaztelupe, Goizeco Kabi and Pastelerias Mallorca.
It has excellent communications, both for private and public transport. In addition, you will find all the necessary services a few meters from the building, including public parking.

Composed of commercial premises and part of offices today.
High residential demand environment for both regular and temporary housing (short, medium and long distance) due to good communications and the existence of offices, business and study centers.
Sale Notes
Opportunity to acquire a basic project for the development of eight residential units, located on Don Quijote Street in Madrid. This section of the property has a surface area of 676.02 m² and is situated in a high-demand residential area, ideal for both permanent and temporary stays. The location stands out for its excellent transportation links, proximity to offices, business centers, and educational institutions, as well as the availability of all necessary services within walking distance, including public parking facilities.

The project already includes an extension of parking spaces, which facilitates its execution and enhances its appeal to future residents. The area combines luxury hospitality traditions with a growing demand for housing, making this opportunity a solid and strategic investment.
Unit Unit Size Condo Use Price NOI
Unit 1 5,769 SF Retail $2,286,760 ($396.39/SF) -
Unit 2 7,276 SF Retail $2,286,760 ($314.29/SF) -

Unit 1

Unit Size
5,769 SF
Condo Use
Retail
Price
$2,286,760 ($396.39/SF)
NOI
-

Unit 2

Unit Size
7,276 SF
Condo Use
Retail
Price
$2,286,760 ($314.29/SF)
NOI
-

Unit 1

Unit Size 5,769 SF
Condo Use Retail
Price $2,286,760 ($396.39/SF)
NOI -
Sale Type Investment or Owner User
Sale Conditions High Vacancy Property, Building in Shell Condition
Description
Commercial space located in one of the areas with the most traditional luxury hospitality, where we can find restaurants such as Opazo, Asador Gaztelupe, Goizeco Kabi and Pastelerias Mallorca.<br> It has excellent communications, both for private and public transport. In addition, all the necessary services are located a few meters from the building, including public parking lots.<br> <br> The place is distributed on a street floor of 271 m2, a first floor of 403 m2 and a basement floor of 314 m2, the meters are useful.<br> The rent for the first year will be 16,000 euros, the second year 17,000 euros and the third year 18,000 euros.<br> <br> The property requires a two-month legal deposit and a bank guarantee in the amount of 12 monthly installments.<br> It has access through two streets, through Calle Reina Mercedes and through Calle Don Quijote.</li></ul>
Sale Notes
Opportunity to acquire a raw commercial space, free of tenants, located at Reina Mercedes Street 12 in Madrid. The property has two access points, one from Reina Mercedes Street and another from Don Quijote Street. It is situated in an area renowned for its high-end hospitality tradition, with establishments such as Opazo, Asador Gaztelupe, Goizeko Kabi, and Mallorca pastry shops.<br> <br> The surrounding area experiences high residential demand, both permanent and temporary (short, medium, and long-term stays), driven by excellent transportation links and proximity to offices, business centers, and educational institutions. The space is equipped with a recently legalized exhaust system and holds a hospitality license. There is also the possibility of dividing the space into two independent units. The commercial area has a surface of 535.64 m&#178; and its main access is through Reina Mercedes Street.</li></ul>

Unit 2

Unit Size 7,276 SF
Condo Use Retail
Price $2,286,760 ($314.29/SF)
NOI -
Sale Type Investment
Sale Conditions Redevelopment Project
Description
Commercial space located in one of the areas with the most traditional luxury hospitality, where we can find restaurants such as Opazo, Asador Gaztelupe, Goizeco Kabi and Pastelerias Mallorca.<br> It has excellent communications, both for private and public transport. In addition, you will find all the necessary services a few meters from the building, including public parking.<br> <br> Composed of commercial premises and part of offices today.<br> High residential demand environment for both regular and temporary housing (short, medium and long distance) due to good communications and the existence of offices, business and study centers.</li></ul>
Sale Notes
Opportunity to acquire a basic project for the development of eight residential units, located on Don Quijote Street in Madrid. This section of the property has a surface area of 676.02 m&#178; and is situated in a high-demand residential area, ideal for both permanent and temporary stays. The location stands out for its excellent transportation links, proximity to offices, business centers, and educational institutions, as well as the availability of all necessary services within walking distance, including public parking facilities.<br> <br> The project already includes an extension of parking spaces, which facilitates its execution and enhances its appeal to future residents. The area combines luxury hospitality traditions with a growing demand for housing, making this opportunity a solid and strategic investment.</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 52,442 SF
Property Type Multifamily
Property Subtype Apartment
Building Class B
Floors 9
Typical Floor Size 5,823 SF
Year Built 1965
Lot Size 0.16 AC
Parking Ratio 0.4/1,000 SF

Amenities

  • Bus Line

Site Amenities

  • Close to Public Transportation
  • Listing ID: 28663501

  • Date on Market: 5/8/2018

  • Last Updated:

  • Address: Calle de la Reina Mercedes, 12, Tetuán, Madrid 28020

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