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Calle Alejandro Rodríguez 645 SF Retail Condo Unit Offered at $361,668 in Tetuán, Madrid 28039

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INVESTMENT HIGHLIGHTS

  • Established residential area.
  • High foot traffic.

EXECUTIVE SUMMARY

Residential building constructed in 1970. It has 5 above-ground floors, featuring apartments on the upper levels and commercial spaces on the ground floor.

PROPERTY FACTS

Total Building Size 10,000 - 60,000 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 5
Year Built 1970 - 1979

AMENITIES

UNIT AMENITIES

  • Instant Hot Water

SITE AMENITIES

  • Public Transportation

1 UNIT AVAILABLE

Unit Size 645 SF
Price $361,668
Price Per SF $560.73
Condo Use Retail
Sale Type Investment
Cap Rate 5.00%
NOI $18,083.39
DESCRIPTION

Commercial space currently rented with a 5% return.

It has an area of 60 m² distributed on a single floor.

SALE NOTES

Commercial space currently rented out with a 5% return.

It has an area of 60 m² distributed on one floor.

The space has been renovated into two independent units and optimized to provide maximum comfort and functionality.

Although the actual area is 80 m², the total recorded in the deed is 60 m².

  • Listing ID: 36120875

  • Date on Market: 6/5/2025

  • Last Updated:

  • Address: Tetuán, Madrid 28039

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