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Lavapiés-Embajadores 1,872 SF Retail Condo Unit Offered at $726,116 in Centro, Madrid 28012
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Investment Highlights
- Prime location in one of the most promising neighborhoods of Madrid.
- Good public transportation connections.
Executive Summary
Residential building in the Lavapiés-Embajadores area, located in one of Madrid's most up-and-coming neighborhoods, highly sought after by both residents and tourists. Known for its diversity, artistic vibe, and proximity to iconic landmarks such as the Reina Sofía Museum, El Rastro, Plaza Mayor, and the Madrid de los Austrias district. A prime location with high foot traffic, excellent transportation connections, and surrounded by vibrant cultural and commercial activity.
Property Facts
Amenities
- Natural Light
Site Amenities
- Close to Public Transportation
1 Unit Available
| Unit Size | 1,872 SF | Sale Type | Investment |
| Price | $726,116 | Cap Rate | 5.37% |
| Price Per SF | $387.88 | NOI | $38,956.70 |
| Condo Use | Retail |
| Unit Size | 1,872 SF |
| Price | $726,116 |
| Price Per SF | $387.88 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| NOI | $38,956.70 |
Description
Set of two commercial spaces (two independent registered properties) currently unified into a single space, located entirely at street level, with a built area of 174 m2 according to the land registry, and it has been renovated.
Sale Notes
Ref.: PR995593802
Commercial property with profitability in the lively neighborhood of Lavapiés-Embajadores, just a few meters from Plaza de Cascorro and Tirso de Molina.
It is currently leased to a company operating it as a hostel, with a lease agreement in place until 2032, ensuring stable medium and long-term income.
The contract includes a progressive rent increase, so the estimated return will reach 5.2% over the life of the contract, based on the published sale price.
A prime location with high foot traffic, well-connected, and surrounded by cultural and commercial life. Lavapiés-Embajadores is one of the most promising neighborhoods in Madrid, highly sought after by both residents and tourists. Known for its diversity, artistic atmosphere, and proximity to iconic places like the Reina Sofía Museum, El Rastro, Plaza Mayor, or Madrid de los Austrias, it is an ideal area to invest in profitable property.
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RE/MAX Jumbo
Presented by
Lavapiés-Embajadores
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