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Callejón Bodegones Apartment Building $416,913 La Puebla de Montalbán, Toledo 45516
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Investment Highlights
- Prime location facing the Plaza Mayor with maximum visibility.
- Potential for hostel, tourist apartments, or residential conversion.
- Corner building with two independent entrances for flexible uses.
- Spacious terrace ideal for hospitality uses or premium spaces.
Executive Summary
In the historic heart of La Puebla de Montalbán, directly across from the iconic Plaza Mayor and adjacent to the Town Hall, this exceptional corner building presents a unique opportunity for investors seeking a property with immense potential for tourism, residential, and commercial development. Its strategic location at the epicenter of the municipality's social, cultural, and economic activity offers unparalleled visibility, a steady flow of visitors, and a distinctive appeal for future projects.
The property is distributed across three floors and features two independent entrances—one from Plaza Mayor and another from Calle Bodegones—optimizing circulation and facilitating differentiated future uses. The ground floor houses several established commercial spaces, including a currently operating business, providing immediate profitability. Specifically, it includes a tobacco shop with a rental income of €600/month.
On the first floor, a spacious and bright residence with balconies overlooking the plaza retains its traditional charm while offering versatile spaces that can be converted into rooms for tourist accommodations or high-value residential units. Two additional commercial spaces on this floor provide opportunities to expand the commercial program or continue the residential transformation project.
The second floor is designated for office use and features sunny terraces, multiple rooms, and spaces with privileged views.
The possibility of converting the upper floors into residential units allows for maximizing economic returns through individual sales, tourist rentals, or traditional residential leasing. Thanks to its layout, corner presence, and height, this building is ideal for a boutique hospitality project, a tourist apartment complex, or a mixed-use asset with high profitability.
The property is distributed across three floors and features two independent entrances—one from Plaza Mayor and another from Calle Bodegones—optimizing circulation and facilitating differentiated future uses. The ground floor houses several established commercial spaces, including a currently operating business, providing immediate profitability. Specifically, it includes a tobacco shop with a rental income of €600/month.
On the first floor, a spacious and bright residence with balconies overlooking the plaza retains its traditional charm while offering versatile spaces that can be converted into rooms for tourist accommodations or high-value residential units. Two additional commercial spaces on this floor provide opportunities to expand the commercial program or continue the residential transformation project.
The second floor is designated for office use and features sunny terraces, multiple rooms, and spaces with privileged views.
The possibility of converting the upper floors into residential units allows for maximizing economic returns through individual sales, tourist rentals, or traditional residential leasing. Thanks to its layout, corner presence, and height, this building is ideal for a boutique hospitality project, a tourist apartment complex, or a mixed-use asset with high profitability.
Property Facts
| Price | $416,913 | Building Class | C |
| Sale Type | Investment | Building Size | < 15,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | Year Built/Renovated | 1920 - 1929/1970 - 1979 |
| Apartment Style | Low-Rise |
| Price | $416,913 |
| Sale Type | Investment |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | < 15,000 SF |
| Average Occupancy | 100% |
| Year Built/Renovated | 1920 - 1929/1970 - 1979 |
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