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Zona Centro 1,646 SF Retail Condo Unit Offered at $579,316 in Centro, Madrid 28004
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INVESTMENT HIGHLIGHTS
- Central and lively area.
- Commercial environment with multiple services nearby.
EXECUTIVE SUMMARY
Residential property with 1,270 m² of built space distributed across four above-ground floors, located in the heart of Madrid. Situated in the Universidad neighborhood, within Madrid's Centro district, this area is highly central and vibrant, renowned for its cultural scene, shopping, restaurants, and proximity to key landmarks such as Gran Vía, Plaza del Callao, and Malasaña. Additionally, it boasts excellent public transportation connections, including several metro and bus lines, making it a highly accessible and sought-after area for both living and business purposes.
PROPERTY FACTS
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 4 |
| Property Subtype | Apartment | Year Built | 1900 - 1909 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Year Built | 1900 - 1909 |
AMENITIES
UNIT AMENITIES
- Storage Space
- Vaulted Ceiling
- Basement
SITE AMENITIES
- Private Bathroom
1 UNIT AVAILABLE
Unit Pta. 01
| Unit Size | 1,646 SF | Condo Use | Retail |
| Price | $579,316 | Sale Type | Investment or Owner User |
| Price Per SF | $351.95 |
| Unit Size | 1,646 SF |
| Price | $579,316 |
| Price Per SF | $351.95 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
DESCRIPTION
Commercial space of 153 m2 distributed over a ground floor and a basement. It consists of several rooms and vaulted stone floors.
SALE NOTES
Unique property with great investment potential and multiple usage possibilities. It not only offers attractive returns but also a wide range of prospects for different activities. The property allows for three uses: leisure hostel, residential, or warehouse, with the latter being adaptable depending on the chosen activity.
You can set up a lodging business, a café or night bar, or a production company or cultural project related to film, music, or other arts. Additionally, the property includes a comfortable apartment that can generate high additional returns.
The property is distributed over two floors: one at street level and another on the lower level, with very high ceilings that provide spaciousness and character. Although it requires renovation, you can already envision the possibilities of how it would look.
The price is 499,000 euros, based on a real valuation according to recent sales in the area, with an average of 580,000 euros. The sale is urgent to invest in another project.
Foto interior
Foto interior
Foto interior
Foto interior
Presented by
Zona Centro
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