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Avenida de la Peseta 893 SF Retail Condo Unit Offered at $530,273 in Carabanchel, Madrid 28054

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INVESTMENT HIGHLIGHTS

Consolidated area.
Quick access to the main highways in the area.

Good connections via public transportation.
All types of services around you.

EXECUTIVE SUMMARY

Excellent building located in the heart of Avenida de la Peseta, in a fully commercial area with great visibility and excellent connections via public and private transportation. All kinds of services available nearby.

PROPERTY FACTS

Total Building Size	> 50,000 SF	Floors	6
Property Type	Multifamily (Condo)	Year Built	2000 - 2009
Property Subtype	Apartment	Parking	Yes
Building Class	B

Total Building Size	> 50,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Building Class	B
Floors	6
Year Built	2000 - 2009
Parking	Yes

Bus Line

UNIT AMENITIES

Bay Window

Attic

SITE AMENITIES

Courtyard
Fenced Lot
Playground

Pool
Security System
Tennis Court

Close to Public Transportation
Doorman
Wheelchair Accessible

On-Site Retail
Elevator

1 UNIT AVAILABLE

Unit Size	893 SF	Sale Type	Investment
Price	$530,273	Cap Rate	4.50%
Price Per SF	$593.81	NOI	$23,862.27
Condo Use	Retail

Unit Size	893 SF
Price	$530,273
Price Per SF	$593.81
Condo Use	Retail
Sale Type	Investment
Cap Rate	4.50%
NOI	$23,862.27

DESCRIPTION

Commercial space of 83 m2. Community expenses, 98 euros per month. Profitability.

SALE NOTES

Commercial space in perfect condition, 83 m2 with a large storefront on the best avenue in the La Peseta neighborhood. Ideal investment opportunity with immediate profitability. It becomes profitable from the start and the asset has future appreciation potential. Currently operating as a beauty salon, in perfect working order. In excellent condition, with a lease agreement in place. Located on a wide, tree-lined main street with heavy traffic, good parking area, opposite a supermarket, in a fully established commercial area with high foot traffic. Surrounded by residential developments, a family-friendly neighborhood with young people and growing rapidly.

The space features a 6-meter high and wide storefront that almost completely covers the front of the premises, providing plenty of light. It has air conditioning and a security system installed. The open layout without columns allows for multiple configurations. Currently, there is a small reception area with a 6 m2 room behind it. From the entrance, the entire rectangular space is visible, without columns. At the back, there is another room with a small window to an approximately 8 m2 patio, equipped with a shower and two restrooms. There is another room currently used for laundry and product storage.