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Trafalgar 6,135 SF Retail Condo Unit Offered at $3,532,570 in Chamberí, Madrid 28010
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INVESTMENT HIGHLIGHTS
- High-income area.
- Near the Bilbao and Quevedo metro stations.
EXECUTIVE SUMMARY
Residential building with 7 above-ground floors, featuring commercial spaces on the ground floor and apartments on the upper levels.
PROPERTY FACTS
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 7 |
| Property Subtype | Apartment | Year Built | 1940 - 1949 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 7 |
| Year Built | 1940 - 1949 |
1 UNIT AVAILABLE
| Unit Size | 6,135 SF | Sale Type | Investment |
| Price | $3,532,570 | Cap Rate | 4.80% |
| Price Per SF | $575.81 | NOI | $169,563.37 |
| Condo Use | Retail |
| Unit Size | 6,135 SF |
| Price | $3,532,570 |
| Price Per SF | $575.81 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| NOI | $169,563.37 |
DESCRIPTION
Commercial space of 570 m2 distributed over two floors, a basement of 294 m2 and a street-level floor of 274 m2.
SALE NOTES
Commercial property with profitability located in the heart of the Trafalgar neighborhood. It has a recently signed 10-year lease agreement, ensuring a steady return for the investor.
In the surrounding area, the property benefits from a wide range of services, such as Carrefour Express and DIA supermarkets, as well as banks like BBVA and Santander, making the area even more attractive for both residents and businesses.
The area also boasts a notable selection of dining and entertainment options. Just a few minutes away are iconic spots like Café Comercial, along with restaurants and bars that make this area a hotspot for both locals and tourists. Additionally, the proximity to Fuencarral Street and its diverse shopping options increases the location's appeal.
The area has excellent public transportation connections, with nearby access to metro stations such as Bilbao (Lines 1 and 4) and Quevedo (Line 2), as well as several bus lines that facilitate travel to different parts of the city. This strategic location ensures a constant flow of people throughout the day.
Presented by
Urbagesa
Trafalgar
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