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Calle de Miguel Servet 1,313 SF Retail Condo Unit Offered at $1,500,081 in Centro, Madrid 28012

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Investment Highlights

Ground floor premises.
Excellent transportation communication.

In a consolidated commercial area.
All services in the area.

Executive Summary

Residential building with commercial spaces on the ground floor, totaling 1,267 m2 and distributed across 5 above-ground floors. It is well-connected by public transportation, with several urban and intercity bus lines as well as a metro station nearby.

Property Facts

Total Building Size	10,000 - 60,000 SF	Building Class	C
Property Type	Multifamily (Condo)	Floors	5
Property Subtype	Apartment General Retail Storefront Retail/Residential	Year Built	1980 - 1989

Total Building Size	10,000 - 60,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment General Retail Storefront Retail/Residential
Building Class	C
Floors	5
Year Built	1980 - 1989

Unit Amenities

Air Conditioning
Storage Space

Ice Maker
Refrigerator

Surround Sound
Instant Hot Water

Smoke Free

Site Amenities

24 Hour Access

Storage Space

Private Bathroom

1 Unit Available

Unit 02

Unit Size	1,313 SF	Condo Use	Retail
Price	$1,500,081	Sale Type	Investment
Price Per SF	$1,142.48

Unit Size	1,313 SF
Price	$1,500,081
Price Per SF	$1,142.48
Condo Use	Retail
Sale Type	Investment

Description

Commercial space with a total area of 122 m2 and a terrace of 20 m2.
It is currently equipped as a bar and has a regular clientele.
It is located in a consolidated commercial area where foot traffic is high.
It has good technical qualities.
It is well connected by public transport, thanks to several urban bus lines and metro stations.

Sale Notes

Premises with a long-standing history in the Lavapiés neighborhood, known for being a live music reference space for over three decades. It is located on one of the most iconic streets in the area, close to Tabacalera and various cultural centers, in a vibrant urban setting with high pedestrian traffic.

The property has an approximate area of 250 m2 distributed across several rooms: a soundproof main hall with a stage, a large bar, two lounges, three kitchens, and three double bathrooms.

Additionally, it features staff dressing rooms with showers and a large private-use patio of about 130 m2, adding extra value to the property.

The premises offer multiple usage possibilities given its layout and size, including cultural, hospitality, or leisure activities. It has two direct street accesses and several exhaust vents, allowing great flexibility in adapting to different projects.

Its location, in the heart of Lavapiés and a short distance from metro, bus, and train stations, ensures excellent connectivity with the rest of the city and a constant flow of visitors.