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Investment Highlights

  • Local in profitability
  • Area with a high density of foot and road traffic
  • Long-term contract with a return of 5%

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit Puerta IZ
  • 2,690 SF
  • Retail
  • $1,285,347 ($477.82/SF)
  • -
Sale Type Investment
Sale Notes
Commercial space located in the heart of Madrid, next to the renovated Canalejas and just a few meters from Puerta del Sol.  
It is a 250 m² built area distributed across 215 m² on the ground floor and 35 m² in the basement. The property is part of a mixed-use building in excellent condition.  
Additionally, it has authorization for the installation of an exhaust system, although it is currently in a ZPAE zone, which does not allow the opening of new hospitality establishments.  
The location is particularly central, just a few meters from Puerta del Sol, Plaza de Canalejas, Plaza de Santa Ana, etc., ensuring a constant flow of pedestrian and vehicular traffic.  
The space is currently leased to a multi-brand store specializing in Central European manufactured goods.  
Unit Unit Size Condo Use Price NOI
Unit Puerta IZ 2,690 SF Retail $1,285,347 ($477.82/SF) -

Unit Puerta IZ

Unit Size
2,690 SF
Condo Use
Retail
Price
$1,285,347 ($477.82/SF)
NOI
-

Unit Puerta IZ

Unit Size 2,690 SF
Condo Use Retail
Price $1,285,347 ($477.82/SF)
NOI -
Sale Type Investment
Sale Notes
Commercial space located in the heart of Madrid, next to the renovated Canalejas and just a few meters from Puerta del Sol.&nbsp;&nbsp;<br> It is a 250 m&#178; built area distributed across 215 m&#178; on the ground floor and 35 m&#178; in the basement. The property is part of a mixed-use building in excellent condition.&nbsp;&nbsp;<br> Additionally, it has authorization for the installation of an exhaust system, although it is currently in a ZPAE zone, which does not allow the opening of new hospitality establishments.&nbsp;&nbsp;<br> The location is particularly central, just a few meters from Puerta del Sol, Plaza de Canalejas, Plaza de Santa Ana, etc., ensuring a constant flow of pedestrian and vehicular traffic.&nbsp;&nbsp;<br> The space is currently leased to a multi-brand store specializing in Central European manufactured goods.&nbsp;&nbsp;</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 10,000 - 60,000 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class B
Floors 5
Year Built 1880 - 1889

Amenities

  • Natural Light

Site Amenities

  • Close to Public Transportation
  • Listing ID: 31263712

  • Date on Market: 9/26/2023

  • Last Updated:

  • Address: Centro, Madrid 28012

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