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Local + Proyecto de ocho viviendas 2 Retail Condos Offered at $4,657,824 in Madrid
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INVESTMENT HIGHLIGHTS
- Area with high and consistent residential demand.
- Privileged location with a tradition in hospitality.
EXECUTIVE SUMMARY
Great opportunity to acquire both a raw commercial space and a residential project, located at 12 Reina Mercedes Street in Madrid. The commercial space, free of tenants, has an area of 535.64 m² and features two access points—one on Reina Mercedes Street and another on Don Quijote Street. It is equipped with a recently legalized smoke vent and a hospitality license, with the added possibility of being divided into two independent units.
The residential portion, with an area of 676.02 m², has an approved basic project for the construction of eight housing units, including the expansion of parking spaces. The area is known for its high-end hospitality tradition, with renowned restaurants and bakeries, as well as strong residential demand, both permanent and temporary, thanks to excellent transportation links and proximity to offices, business centers, and educational institutions.
The residential portion, with an area of 676.02 m², has an approved basic project for the construction of eight housing units, including the expansion of parking spaces. The area is known for its high-end hospitality tradition, with renowned restaurants and bakeries, as well as strong residential demand, both permanent and temporary, thanks to excellent transportation links and proximity to offices, business centers, and educational institutions.
PROPERTY FACTS
| Price | $4,657,824 | Number of Properties | 2 |
| Price / SF | $357.06 / SF | Individually For Sale | 2 |
| Sale Type | Investment or Owner User | Total Building Size | 13,045 SF |
| Status | Active |
| Price | $4,657,824 |
| Price / SF | $357.06 / 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 | $2,328,912 |
| 12 Calle de la Reina Mercedes, Ground - Unit 1, Tetuán, Madrid 28020 | Retail Condo | 5,769 SF | 1965 | $2,328,912 |
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