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Calle de Alonso Cano 1,776 SF Retail Condo Unit Offered at $837,794 in Chamberí, Madrid 28003
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INVESTMENT HIGHLIGHTS
- Busy and commercial area.
- Good public transportation access.
EXECUTIVE SUMMARY
Residential property with 3,017 m2 built, distributed across seven above-ground floors, located in the Nuevos Ministerios-Ríos Rosas area. Busy residential area surrounded by shops and services, with good public transportation connections.
PROPERTY FACTS
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 7 |
| Property Subtype | Apartment | Year Built | 1950 - 1959 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 7 |
| Year Built | 1950 - 1959 |
AMENITIES
UNIT AMENITIES
- Storage Space
SITE AMENITIES
- Private Bathroom
1 UNIT AVAILABLE
| Unit Size | 1,776 SF | Sale Type | Investment |
| Price | $837,794 | Cap Rate | 5.00% |
| Price Per SF | $471.73 | NOI | $41,889.69 |
| Condo Use | Retail |
| Unit Size | 1,776 SF |
| Price | $837,794 |
| Price Per SF | $471.73 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $41,889.69 |
DESCRIPTION
Practically open-plan space, very bright, with 3.4-meter-high ceilings. It features a spacious main area, an office or meeting room, restrooms, and storage, all in excellent condition and with the option to divide using partitions.
SALE NOTES
Sale of a high-yield fantastic corner commercial space with extensive usage possibilities in Nuevos Ministerios-Ríos Rosas. Bright and almost open-plan, this splendid space stands out for its pleasant natural lighting, ideal for both staff comfort and customer service. It features ceilings up to 3.4 meters high in most areas and is distributed into a large main area, an office or meeting room, restrooms, and storage. The entire property is in excellent condition and offers multiple configuration options, easily adaptable with partitions. It is currently leased to an established business that has occupied the space for almost five years, with a lease valid until August 2026. If you're looking for an investment, you can start receiving rental income immediately and negotiate a possible renewal. If you plan to use it for your own business, occupancy would be possible at the end of the current lease. The property has pre-installed air conditioning, electric shutters, additional access through the building entrance, and central heating with individualized consumption. The cadastral built area with common elements is 186 m², the built area is 165 m², and the verified usable area is 140 m². Annual expenses are low: property tax of €170 and a waste fee of €35. Located in a prime area with high residential density and a high-income environment, the space enjoys constant foot traffic from both residents and professionals from the numerous nearby offices. The location has excellent transportation links, with several bus lines and the Nuevos Ministerios interchange — Metro and commuter trains — just a few minutes' walk away.
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Presented by
Calle de Alonso Cano
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