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Zona Centro 1,646 SF Retail Condo Unit Offered at $581,064 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 | $581,064 | Sale Type | Investment or Owner User |
| Price Per SF | $353.02 |
| Unit Size | 1,646 SF |
| Price | $581,064 |
| Price Per SF | $353.02 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
DESCRIPTION
Commercial space of 153 m2 distributed across a ground floor and a basement. It features several rooms and vaulted stone floors.
SALE NOTES
Unique property with great investment potential and multiple usage possibilities. It not only offers attractive profitability but also broad prospects for various activities. The property allows for three uses: leisure hostel, residential housing, or warehouse, with the latter being adaptable depending on the activity chosen.
You could set up a lodging business, a café or nightlife 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 significant additional income.
The property is distributed across two floors: one at street level and another on the lower level, featuring very high ceilings that provide a sense of spaciousness and character. While it requires renovation, the potential of how it could look is already evident.
The price is €499,000, based on a realistic valuation according to recent sales in the area, with an average of €580,000. The sale is being expedited to invest in another project.
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Foto interior
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Foto interior
Presented by
Zona Centro
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