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Lavapiés-Embajadores 1,872 SF Retail Condo Unit Offered at $733,607 in Centro, Madrid 28012
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INVESTMENT HIGHLIGHTS
- Privileged location in one of the neighborhoods with the greatest growth potential in 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 | $733,607 | Cap Rate | 5.37% |
| Price Per SF | $391.88 | NOI | $39,358.62 |
| Condo Use | Retail |
| Unit Size | 1,872 SF |
| Price | $733,607 |
| Price Per SF | $391.88 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| NOI | $39,358.62 |
DESCRIPTION
Set of two commercial spaces (two independent registered properties) currently combined into a single space, located entirely at street level. It has a built area of 174 m² according to the land registry and has been renovated.
SALE NOTES
Ref.: PR995593802
Commercial property with profitability in the lively Lavapiés-Embajadores neighborhood, just steps away from Plaza de Cascorro and Tirso de Molina.
Currently leased to a company operating it as a hostel, with a rental agreement in place until 2032, ensuring stable medium- and long-term income.
The contract includes a progressive rent increase, with an estimated profitability reaching 5.2% over the course of the agreement, based on the published sale price.
A prime location with high pedestrian traffic, excellent connectivity, and surrounded by cultural and commercial activity. Lavapiés-Embajadores is one of Madrid's most promising 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 Madrid de los Austrias, this area is ideal for investing in profitable real estate.
Presented by
Lavapiés-Embajadores
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