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Calle de la Reina Mercedes, 12 5,769 - 7,276 SF Retail Condo Units Offered at $2,286,760 Per Unit in Tetuán, Madrid 28020



Some information has been automatically translated.
Investment Highlights
- Great capacity for conditioning
- Traditional hotel zone
- Entrance to two streets
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Conditions | High Vacancy Property, Building in Shell Condition |
| 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.
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.
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.
| Sale Type | Investment | Sale Conditions | Redevelopment Project |
| 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.
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.
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 |
| - |
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Street
Map
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 m² and its main access is through Reina Mercedes Street.</li></ul> |
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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 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.<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 | Typical Floor Size | 5,823 SF |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Lot Size | 0.16 AC |
| Building Class | B | Parking Ratio | 0.4/1,000 SF |
| Floors | 9 |
| 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
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Calle de la Reina Mercedes, 12
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