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Lavapiés-Embajadores 1,872 SF Retail Condo Unit Offered at $748,939 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 | $748,939 | Cap Rate | 5.37% |
| Price Per SF | $400.07 | NOI | $40,181.17 |
| Condo Use | Retail |
| Unit Size | 1,872 SF |
| Price | $748,939 |
| Price Per SF | $400.07 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| NOI | $40,181.17 |
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
Profitable commercial space in the lively neighborhood of Lavapies-Embajadores, a few meters from Plaza de Cascorro and Tirso de Molina.
It is currently rented to a company that operates it as a hostel, with a lease agreement valid until 2032, which guarantees stable income in the medium and long term.
The contract contemplates a progressive increase in income, so that the estimated return will reach 5.2% over the life of the contract, taking as a reference the published sales price.
A privileged location, with a large number of pedestrians, very well connected and surrounded by cultural and commercial life. Lavapies-Embajadores is one of the neighborhoods with the highest projection in Madrid, in high demand both by residents and tourists. Known for its diversity, its artistic environment, and its proximity to emblematic places such as the Reina Sofía Museum, the Rastro, the Plaza Mayor or the Madrid de los Austrias, it is an ideal area to invest in profitable products.
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RE/MAX Jumbo
Presented by
Lavapiés-Embajadores
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