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Local + Proyecto de ocho viviendas 2 Retail Condos Offered at $4,575,298 in Madrid
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Investment Highlights
- Area with continuous high residential demand.
- Prime location with a hospitality tradition.
Executive Summary
Great opportunity to acquire both a raw commercial space and a residential project, located on Reina Mercedes Street 12 in Madrid. The commercial space, free of tenants, has an area of 535.64 m² and offers two access points, one from Reina Mercedes Street and another from Don Quijote Street. It is equipped with a recently legalized smoke vent and 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 regular and temporary, favored by excellent transportation links and proximity to offices, business centers, and educational institutions.
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 regular and temporary, favored by excellent transportation links and proximity to offices, business centers, and educational institutions.
Property Facts
| Price | $4,575,298 | Number of Properties | 2 |
| Price / SF | $350.73 / SF | Individually For Sale | 2 |
| Sale Type | Investment or Owner User | Total Building Size | 13,045 SF |
| Status | Active |
| Price | $4,575,298 |
| Price / SF | $350.73 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 13,045 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 12 Calle de la Reina Mercedes, Ground - Unit 2, Tetuán, Madrid 28020 | Retail Condo | 7,276 SF | 1965 | $2,287,649 |
| 12 Calle de la Reina Mercedes, Ground - Unit 1, Tetuán, Madrid 28020 | Retail Condo | 5,769 SF | 1965 | $2,287,649 |
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