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Local + Proyecto de ocho viviendas 2 Retail Condos Offered at $4,676,175 in Madrid
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Investment Highlights
- Area with consistently high residential demand.
- Prime location with a long-standing hospitality tradition.
Executive Summary
Great opportunity to acquire together a shell commercial space and a residential project, both located at 12 Reina Mercedes Street in Madrid.
The commercial space, delivered vacant, has an area of 535.64 m² and has two entrances, one on Reina Mercedes Street and another on Don Quijote Street. It is equipped with a recently legalized grease duct/venting system and a hospitality/restaurant license, and it also offers the possibility of being divided into two independent units.
The residential portion, with an area of 676.02 m², has an approved preliminary project for the construction of eight residential units, including the expansion of parking spaces. The surrounding area is known for its long-standing, high-end hospitality tradition, with well-known restaurants and pastry shops, and for strong residential demand, both permanent and temporary, supported by excellent transportation links and proximity to offices, business centers, and educational institutions.
The commercial space, delivered vacant, has an area of 535.64 m² and has two entrances, one on Reina Mercedes Street and another on Don Quijote Street. It is equipped with a recently legalized grease duct/venting system and a hospitality/restaurant license, and it also offers the possibility of being divided into two independent units.
The residential portion, with an area of 676.02 m², has an approved preliminary project for the construction of eight residential units, including the expansion of parking spaces. The surrounding area is known for its long-standing, high-end hospitality tradition, with well-known restaurants and pastry shops, and for strong residential demand, both permanent and temporary, supported by excellent transportation links and proximity to offices, business centers, and educational institutions.
Property Facts
| Price | $4,676,175 | Number of Properties | 2 |
| Price / SF | $358.46 / SF | Individually For Sale | 2 |
| Sale Type | Investment or Owner User | Total Building Size | 13,045 SF |
| Status | Active |
| Price | $4,676,175 |
| Price / SF | $358.46 / 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 | $2,338,087 |
| 12 Calle de la Reina Mercedes, Ground - Unit 1, Tetuán, Madrid 28020 | Retail Condo | 5,769 SF | 1965 | $2,338,087 |
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