Local + Proyecto de ocho viviendas 2 Retail Condos Offered at $4,643,819 in Madrid

Great opportunity to acquire both a raw commercial space and a residential project, both located at Reina Mercedes Street 12 in Madrid. The commercial space, free of tenants, has an area of 535.64 m² and features two entrances, one on Reina Mercedes Street and another on Don Quijote Street. It is equipped with a recently legalized smoke vent and a hospitality license, and offers the possibility of being divided into two independent units.
The residential part, with an area of 676.02 m², has an approved basic project for the construction of eight homes, including the expansion of parking spaces. The area is characterized by its high-level hospitality tradition, with renowned restaurants and bakeries, and a high residential demand both permanent and temporary, favored by excellent transportation links and proximity to offices, business centers, and educational institutions.