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Almagro 1,657 SF Retail Condo Unit Offered at $2,006,207 in Chamberí, Madrid 28010
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INVESTMENT HIGHLIGHTS
- Area of high purchasing power.
- Close to Rubén Darío and Alonso Martínez metro stations.
EXECUTIVE SUMMARY
Residential building with 5 above-ground floors featuring commercial spaces on the ground floor and apartments on the upper levels. Located in the Almagro neighborhood, a residential and office area with high pedestrian traffic and numerous hospitality businesses. Additionally, it offers excellent public transportation connections, situated near the Rubén Darío and Alonso Martínez metro stations.
PROPERTY FACTS
| Total Building Size | 10,000 - 60,000 SF | Building Class | B |
| Property Type | Multifamily (Condo) | Floors | 6 |
| Property Subtype | Apartment | Year Built | 1920 - 1929 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 6 |
| Year Built | 1920 - 1929 |
AMENITIES
- Bus Line
UNIT AMENITIES
- Heating
SITE AMENITIES
- Close to Public Transportation
- Doorman
- Elevator
1 UNIT AVAILABLE
| Unit Size | 1,657 SF | Sale Type | Investment |
| Price | $2,006,207 | Cap Rate | 4.00% |
| Price Per SF | $1,210.75 | NOI | $80,248.27 |
| Condo Use | Retail |
| Unit Size | 1,657 SF |
| Price | $2,006,207 |
| Price Per SF | $1,210.75 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.00% |
| NOI | $80,248.27 |
DESCRIPTION
The total area of the premises is 154 m2 distributed over 94 m2 on the street floor with a living room, kitchen and bathrooms, and a basement of 60 m2 with warehouse. It has a smoke outlet.
SALE NOTES
Commercial property for sale with profitability in the Almagro neighborhood of Madrid.
Currently leased to a tenant under a recently signed long-term contract. Net profitability of 4%.
Located in the Almagro neighborhood, a residential and office area with high pedestrian traffic and numerous hospitality businesses. Additionally, it has excellent public transportation connections, close to the Rubén Darío and Alonso Martínez metro stations.
Fachada
Presented by
Urbagesa
Almagro
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