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Calle de Carlos Solé, 4-6 904 SF Retail Condo Unit Offered at $227,069 in Puente de Vallecas, Madrid 28038
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INVESTMENT HIGHLIGHTS
- Consolidated residential area with services and green spaces.
- Connection to the M-30 and Avenida de la Albufera.
EXECUTIVE SUMMARY
Residential building located in the municipality of Madrid. It is situated on Calle de Carlos Solé, within the Puente de Vallecas district, in a well-established urban area predominantly composed of multi-family housing. The immediate surroundings offer educational centers, local shops, supermarkets, green spaces, and sports facilities. Just a short distance away is the Cerro del Tío Pío Park, one of the district's most iconic spaces, renowned for its panoramic views of the city. The location is well-connected via Avenida de la Albufera and the M-30 highway, providing easy access to the rest of the city. Additionally, public transportation is available through several urban bus lines and the Portazgo metro station (line 1).
PROPERTY FACTS
| Total Building Size | 53,238 SF | Typical Floor Size | 8,869 SF |
| Property Type | Multifamily (Condo) | Year Built | 1988 |
| Property Subtype | Apartment | Lot Size | 0.30 AC |
| Building Class | C | Parking Ratio | 0.9/1,000 SF |
| Floors | 6 |
| Total Building Size | 53,238 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Typical Floor Size | 8,869 SF |
| Year Built | 1988 |
| Lot Size | 0.30 AC |
| Parking Ratio | 0.9/1,000 SF |
AMENITIES
- Bus Line
SITE AMENITIES
- Close to Public Transportation
1 UNIT AVAILABLE
Unit Puerta 03, Esc. A
| Unit Size | 904 SF | Sale Type | Investment |
| Price | $227,069 | Cap Rate | 6.11% |
| Price Per SF | $251.18 | NOI | $13,878.12 |
| Condo Use | Retail | APN/Parcel ID | 4819102VK4741H0051AZ |
| Unit Size | 904 SF |
| Price | $227,069 |
| Price Per SF | $251.18 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.11% |
| NOI | $13,878.12 |
| APN/Parcel ID | 4819102VK4741H0051AZ |
DESCRIPTION
Commercial space with a registered built area of 83.72 m² and a usable area of 66.31 m².
It has an excellent layout, being almost square in shape (see floor plans), and is highly visible thanks to its double façade spanning 17 meters. Additionally, it features an exhaust vent and the option to set up a terrace.
SALE NOTES
Magnificent corner commercial space leased long-term to the leading Spanish multinational in the insurance sector. It is located at the intersection with Benjamín Palencia Street, directly across from the AhorraMás supermarket.
Leased for 15 years until December 2039, the net yield stands at 5.51% after deducting all purchase-related expenses.
Landlord expenses: €89.79 (community fees) and €204.41 (property tax).
Building inspection (ITE) approved until December 31, 2029.
Fees: 3% plus VAT not included in the price.
Presented by
Borja Orive
Calle de Carlos Solé, 4-6
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