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Tetuán 613 SF Retail Condo Unit Offered at $662,314 in Tetuán, Madrid 28020
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INVESTMENT HIGHLIGHTS
- High-income area with all services.
- Good transportation links with metro and bus just steps away.
EXECUTIVE SUMMARY
Residential building with 10 above-ground floors, featuring commercial spaces on the ground floor and apartments on the upper levels.
PROPERTY FACTS Under Contract
| Total Building Size | > 50,000 SF | Floors | 10 |
| Property Type | Multifamily (Condo) | Year Built | 1960 - 1969 |
| Property Subtype | Apartment | Parking | Yes |
| Building Class | C |
| Total Building Size | > 50,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 10 |
| Year Built | 1960 - 1969 |
| Parking | Yes |
AMENITIES
- Bus Line
SITE AMENITIES
- Close to Public Transportation
1 UNIT AVAILABLE
| Unit Size | 613 SF | Sale Type | Investment |
| Price | $662,314 | Sale Status | Under Contract |
| Price Per SF | $1,080.45 | Cap Rate | 5.00% |
| Condo Use | Retail | NOI | $33,115.69 |
| Unit Size | 613 SF |
| Price | $662,314 |
| Price Per SF | $1,080.45 |
| Condo Use | Retail |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 5.00% |
| NOI | $33,115.69 |
DESCRIPTION
57 m² ground floor space with a bar, kitchen, restrooms, and exhaust system.
SALE NOTES
Commercial space for sale with profitability in the Tetuán district of Madrid.
A 57 m² ground-floor space equipped for the hospitality business.
Currently rented under a long-term lease signed in 2025. High profitability of 5%.
Located in a well-established neighborhood with high foot traffic and numerous offices.
The area is very well connected by public transportation, just a few minutes' walk from the Cuzco metro station and various bus lines.
Presented by
Urbagesa
Tetuán
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