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Calle de la Reina Mercedes, 12 5,769 - 7,276 SF Retail Condo Units Offered at $2,329,373 Per Unit in Tetuán, Madrid 28020
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INVESTMENT HIGHLIGHTS
- Great capacity for conditioning
- Traditional hotel zone
- Entrance to two streets
PROPERTY FACTS
| 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
2 UNITS AVAILABLE
Unit 1
| Unit Size | 5,769 SF | Condo Use | Retail |
| Price | $2,329,373 | Sale Type | Investment or Owner User |
| Price Per SF | $403.77 | Sale Conditions | High Vacancy Property, Building in Shell Condition |
| Unit Size | 5,769 SF |
| Price | $2,329,373 |
| Price Per SF | $403.77 |
| Condo Use | Retail |
| 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 12 Reina Mercedes Street in Madrid. The property features 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 the Mallorca pastry shops.
The surrounding area experiences high residential demand, both for permanent and temporary stays (short, medium, and long-term), 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 spans 535.64 m², with the main entrance on Reina Mercedes Street.
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Unit 2
| Unit Size | 7,276 SF | Condo Use | Retail |
| Price | $2,329,373 | Sale Type | Investment |
| Price Per SF | $320.14 | Sale Conditions | Redevelopment Project |
| Unit Size | 7,276 SF |
| Price | $2,329,373 |
| Price Per SF | $320.14 |
| Condo Use | Retail |
| 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 portion 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 and educational centers, as well as the availability of all necessary services just a few steps away, 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 a tradition of luxury hospitality with a growing demand for housing, making this an attractive and strategic investment opportunity.
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Calle de la Reina Mercedes, 12
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