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Investment Highlights

  • Great location
  • Possibility of transforming into a dwelling
  • Very versatile space

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit Puerta LC, Esc. 1
  • 968 SF
  • Retail
  • $291,335 ($300.97/SF)
  • -
Sale Type Investment
Sale Notes
Magnificent commercial space currently rented for sale.

It is located on Mesón de Paredes street, in the Embajadores neighborhood, in a busy and well-connected area. The property is located near the Tirso de Molina and Lavapiés metro station.

The premises have 90 m2 distributed over two floors, a street floor of 80 m2 and a basement of about 10 m2.

It has a shop window, high ceilings, security lock, false ceiling with built-in lighting, warehouse and toilet.

Currently rented as a tailor shop, generating a monthly income of 960 €/month, with a contract in force until May 2027, which ensures stable income and immediate profitability.

There is the option of converting the premises into housing, since it has direct access through the building portal, expanding its possibilities of use and revaluation.
Unit Unit Size Condo Use Price NOI
Unit Puerta LC, Esc. 1 968 SF Retail $291,335 ($300.97/SF) -

Unit Puerta LC, Esc. 1

Unit Size
968 SF
Condo Use
Retail
Price
$291,335 ($300.97/SF)
NOI
-

Unit Puerta LC, Esc. 1

Unit Size 968 SF
Condo Use Retail
Price $291,335 ($300.97/SF)
NOI -
Sale Type Investment
Sale Notes
Magnificent commercial space currently rented for sale.<br> <br> It is located on Mes&#243;n de Paredes street, in the Embajadores neighborhood, in a busy and well-connected area. The property is located near the Tirso de Molina and Lavapi&#233;s metro station.<br> <br> The premises have 90 m2 distributed over two floors, a street floor of 80 m2 and a basement of about 10 m2.<br> <br> It has a shop window, high ceilings, security lock, false ceiling with built-in lighting, warehouse and toilet.<br> <br> Currently rented as a tailor shop, generating a monthly income of 960 €/month, with a contract in force until May 2027, which ensures stable income and immediate profitability.<br> <br> There is the option of converting the premises into housing, since it has direct access through the building portal, expanding its possibilities of use and revaluation.</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 < 15,000 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 6
Year Built 1880 - 1889

Amenities

  • Natural Light

Site Amenities

  • Close to Public Transportation
  • Elevator
  • Listing ID: 34551323

  • Date on Market: 1/21/2025

  • Last Updated:

  • Address: Centro, Madrid 28012

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