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Calle de las Almortas - Calle de las Almortas 1,087 SF Retail Condo Unit Offered at $318,533 in Tetuán, Madrid 28039



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Investment Highlights
- Open-plan space on the ground floor with multiple configuration options.
- Approximate clear height of 3.5 meters and natural light provided through two skylights.
- Excellent connectivity thanks to several EMT lines that connect with key areas of Madrid.
- Facade of approximately six meters and carriage access of 3.5 meters.
- Located in an area undergoing significant renovation and appreciation.
- Possibility of changing the use to residential or other alternative uses, subject to final approvals.
Executive Summary
Residential building with a ground-floor commercial space in Tetuán. It has good transportation links.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
Commercial space of 101 m² at street level in the Valdeacederas area.
Sale Notes
This ground-floor property, located in the Tetuán district of Madrid, offers an attractive opportunity for investors and end-users seeking long-term value in an area undergoing significant urban transformation. Situated near Marqués de Viana Street and surrounded by new residential developments, the space benefits from a setting that is experiencing substantial modernization and sustained appreciation.
The property features approximately 101 square meters of open-plan space, distributed across a single street-level floor, providing great flexibility for various uses. It boasts a wide façade of about six linear meters and a carriageway access measuring 3.5 meters in width—rare and highly functional characteristics. With a ceiling height of approximately 3.5 meters and two skylights at the rear, the space enjoys abundant natural light, enhancing the potential for creative configurations.
The property includes the option to reopen direct access to the building's main entrance, further expanding its usability. Due to its physical characteristics and layout, it is also feasible to explore a change of use to residential, subject to the necessary technical and municipal approvals.
Located just steps away from EMT bus lines 11, 44, and 177, the property offers quick and convenient connections to Plaza de Castilla, Cuzco, Bravo Murillo, and central Madrid. This is an exceptional opportunity to acquire a highly adaptable space in a well-established urban corridor that is evolving.
The property features approximately 101 square meters of open-plan space, distributed across a single street-level floor, providing great flexibility for various uses. It boasts a wide façade of about six linear meters and a carriageway access measuring 3.5 meters in width—rare and highly functional characteristics. With a ceiling height of approximately 3.5 meters and two skylights at the rear, the space enjoys abundant natural light, enhancing the potential for creative configurations.
The property includes the option to reopen direct access to the building's main entrance, further expanding its usability. Due to its physical characteristics and layout, it is also feasible to explore a change of use to residential, subject to the necessary technical and municipal approvals.
Located just steps away from EMT bus lines 11, 44, and 177, the property offers quick and convenient connections to Plaza de Castilla, Cuzco, Bravo Murillo, and central Madrid. This is an exceptional opportunity to acquire a highly adaptable space in a well-established urban corridor that is evolving.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Puerta A | 1,087 SF | Retail | $318,533 ($293.04/SF) | - |
Unit Puerta A
| Unit Size |
| 1,087 SF |
| Condo Use |
| Retail |
| Price |
| $318,533 ($293.04/SF) |
| NOI |
| - |
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Unit Puerta A
| Unit Size | 1,087 SF |
| Condo Use | Retail |
| Price | $318,533 ($293.04/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| Commercial space of 101 m² at street level in the Valdeacederas area.</li></ul> | |
| Sale Notes | |
| This ground-floor property, located in the Tetuán district of Madrid, offers an attractive opportunity for investors and end-users seeking long-term value in an area undergoing significant urban transformation. Situated near Marqués de Viana Street and surrounded by new residential developments, the space benefits from a setting that is experiencing substantial modernization and sustained appreciation.<br> <br> The property features approximately 101 square meters of open-plan space, distributed across a single street-level floor, providing great flexibility for various uses. It boasts a wide façade of about six linear meters and a carriageway access measuring 3.5 meters in width—rare and highly functional characteristics. With a ceiling height of approximately 3.5 meters and two skylights at the rear, the space enjoys abundant natural light, enhancing the potential for creative configurations.<br> <br> The property includes the option to reopen direct access to the building's main entrance, further expanding its usability. Due to its physical characteristics and layout, it is also feasible to explore a change of use to residential, subject to the necessary technical and municipal approvals.<br> <br> Located just steps away from EMT bus lines 11, 44, and 177, the property offers quick and convenient connections to Plaza de Castilla, Cuzco, Bravo Murillo, and central Madrid. This is an exceptional opportunity to acquire a highly adaptable space in a well-established urban corridor that is evolving.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | < 15,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 5 |
| Property Subtype | Apartment | Year Built | 1960 - 1969 |
| Total Building Size | < 15,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Year Built | 1960 - 1969 |
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1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Calle de las Almortas - Calle de las Almortas
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