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Calle de Castelló, 23 2,992 SF Office Condo Unit Offered at $2,096,021 in Salamanca, Madrid 28001

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INVESTMENT HIGHLIGHTS

Location in the Salamanca district, between Serrano and Velázquez streets.
Proximity to iconic areas such as Paseo de la Castellana and Retiro Park.

Established business environment with the presence of corporate headquarters and institutional offices.
Excellent transportation links via Metro (Velázquez, Serrano), city buses, and access to the M-30.

EXECUTIVE SUMMARY

Office building located at Calle de Castelló, 23, in the municipality of Madrid, within the Recoletos neighborhood in the Salamanca district, one of the most iconic and prestigious areas of the capital. It is close to key landmarks such as Calle de Serrano, Plaza de Colón, and Paseo de la Castellana, in a setting characterized by significant business, institutional, and commercial activity. The immediate surroundings offer all necessary services, including dining options, high-end retail stores, banks, and hotels, as well as cultural spaces and green areas like the Jardines del Descubrimiento and Retiro Park, both just a few minutes' walk away. The area boasts excellent public transportation and road network connections. Just a few meters away are the Velázquez (Line 4) and Serrano (Line 4) Metro stations, as well as bus stops providing access to the city center and other parts of Madrid. Road access is easily achieved via Paseo de Recoletos, Calle de Alcalá, and the M-30, ensuring optimal connectivity throughout the city.

PROPERTY FACTS

Total Building Size	49,740 SF	Typical Floor Size	5,985 SF
Property Type	Office (Condo) General Retail Storefront	Year Built	1968
Building Class	C	Parking Ratio	0.92/1,000 SF
Floors	7

Total Building Size	49,740 SF
Property Type	Office (Condo) General Retail Storefront
Building Class	C
Floors	7
Typical Floor Size	5,985 SF
Year Built	1968
Parking Ratio	0.92/1,000 SF

Bus Line
Metro/Subway

Doorman
Reception

Elevator
Recessed Lighting

Private Bathroom
Air Conditioning

1 UNIT AVAILABLE

Unit 1

Unit Size	2,992 SF	Condo Use	Office
Price	$2,096,021	Sale Type	Investment
Price Per SF	$700.54	No. Parking Spaces	3

Unit Size	2,992 SF
Price	$2,096,021
Price Per SF	$700.54
Condo Use	Office
Sale Type	Investment
No. Parking Spaces	3

DESCRIPTION

The office is fully equipped, featuring a partitioned layout with glass dividers and exposed installations. The space includes 8 private offices, 2 meeting rooms, a waiting area, a kitchen with an office space, and 3 bathrooms.

SALE NOTES

Office for Sale Set Up as Coworking Space on Prestigious Calle Castelló, Madrid
Office located in an exclusive high-end building in the heart of Calle Castelló, a street parallel to Príncipe de Vergara and perpendicular to Goya, within the prestigious Salamanca neighborhood. This is a prime area, very well connected, with metro and bus stops just minutes from the building.

There are two sales options available. First, the sale with profitability, as the property is currently leased to coworking operators.

It generates a monthly income of €7,000, with a mandatory three-year lease agreement, resulting in annual revenues of €84,000 and a 5% return. This option is ideal for investors seeking security and stability.
The property guarantees rent + expenses for the 5 years of mandatory compliance by the tenant.

The second option is the sale of the asset free for personal use—such as a corporate headquarters, professional office, or clinic—or for direct operation as a flexible space or coworking. In this case, the potential annual income is estimated between €140,000 and €180,000, depending on occupancy levels. This alternative is aimed at operators or managers looking to maximize profitability.

The property has a total area of 270 m², fully equipped and operational. It includes three spacious parking spaces within the building, with a total capacity for 32 to 34 workstations. The layout consists of eight private offices, common areas designed to optimize comfort and productivity, meeting rooms for 5 to 14 people, a phone booth, kitchen and office space, as well as a shared area with a sofa and armchairs. It features three bathrooms (men’s, women’s, and accessible) and a shower, as well as a rack room and technical area.

Regarding equipment, the space includes state-of-the-art Daikin climate control with individual settings for each office, motion detectors in common areas, independent radiators, telecommunications network, high energy efficiency, modern furniture, concierge service, and parking spaces within the building.

Its main advantages include its prime location in the Salamanca neighborhood, the possibility of investment in two modalities—with immediate profitability or high income potential—its turnkey condition with premium services, and the inclusion of parking spaces, a highly valued feature in this area of Madrid. Additionally, the building maintains an exceptional level of quality and prestige, characteristic of a high-end office property.