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Investment Highlights

  • Located in the heart of the Salamanca district.
  • High-income area.

Executive Summary

Residential building located in the Recoletos neighborhood, within the Salamanca district, one of the most iconic urban areas of Madrid. The surrounding area features renowned streets such as Goya, Velázquez, and Serrano, as well as prominent public spaces like the Paseo de Recoletos and Retiro Park, which is just a few minutes' walk away. The immediate vicinity offers a wide and varied range of services, including educational, healthcare, and sports facilities, along with a diverse selection of retail and dining establishments. The location boasts excellent connectivity via both public and private transportation. Within a short distance are the Retiro (Line 2) and Príncipe de Vergara (Lines 2 and 9) metro stations, as well as multiple urban bus stops serving the city's east-west axis. Additionally, the Paseo de la Castellana and the M-30 highway are just minutes away by car, providing easy access to other parts of Madrid and major intercity transportation hubs.

1 Unit Available

Unit Size 1,216 SF
Price $1,174,895
Price Per SF $966.20
Condo Use Office/Retail
Sale Type Investment or Owner User
Sale Status Under Contract
Description

The space measures 113 m² with direct access both from the public street and from the building's entrance. The property is distributed between the ground floor and semi-basement, featuring six independent rooms that allow for various uses, such as work areas, offices, or exhibition spaces.

Sale Notes

Ref.: 426546
Retail space in the Recoletos neighborhood, in the Salamanca district, one of the most established areas in downtown Madrid.

Possible uses include specialized retail, activities related to design or fashion, small-format food and beverage concepts, health and wellness services, as well as spaces for exhibitions or temporary showings.

It is located a short distance from Goya Street and Velázquez Street, in an urban environment with a high density of services and heavy foot traffic.

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Property Facts Under Contract

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 10,000 - 60,000 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class B
Floors 7
Year Built 1920 - 1929

Amenities

  • Natural Light

Site Amenities

  • Close to Public Transportation
  • Elevator
  • Listing ID: 36298430

  • Date on Market: 6/18/2025

  • Last Updated:

  • Address: Salamanca, Madrid 28001

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