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Calle del Papagayo 2,583 SF Retail Condo Unit Offered at $490,683 in Carabanchel, Madrid 28025

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Investment Highlights

Expanding urban area with high demand for housing.
Flexible distribution for multiple configurations.

Possibility to change use.
Ideal for developers, investors or urban developers.

Executive Summary

Residential building with 3 above-ground floors located in the Abrantes area. It has good transportation links and a variety of businesses and services nearby.

Property Facts

Total Building Size	< 15,000 SF	Building Class	C
Property Type	Multifamily (Condo)	Floors	3
Property Subtype	Apartment	Year Built	1970 - 1979

Total Building Size	< 15,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Building Class	C
Floors	3
Year Built	1970 - 1979

Site Amenities

Public Transportation

1 Unit Available

Unit 01

Unit Size	2,583 SF	Condo Use	Retail
Price	$490,683	Sale Type	Investment or Owner User
Price Per SF	$189.97

Unit Size	2,583 SF
Price	$490,683
Price Per SF	$189.97
Condo Use	Retail
Sale Type	Investment or Owner User

Description

240 m2 commercial space at street level in Abrantes.

Sale Notes

Located in a well-established urban area, this spacious commercial space of 240 m2 offers an exceptional opportunity for residential conversion projects or mixed-use purposes. With the change of use already permitted, the property provides a solid foundation for developing housing, coworking spaces, creative studios, or hybrid solutions. The property features a generous facade that enhances visibility and commercial appeal, along with excellent natural ventilation that allows for multiple interior configurations. The surrounding area is characterized by sustained growth, with new residential developments, local businesses, and services that enhance the asset's added value.