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Calle de Alcalá 645 SF Retail Condo Unit Offered at $760,823 in Ciudad Lineal, Madrid 28027
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Investment Highlights
- Consolidated urban environment.
- Quintana metro station (L5) and several bus lines.
Executive Summary
Residential building located on Alcalá Street, just a few meters from Plaza de Quintana, in a well-established urban area with local shops, services, and basic facilities. The location offers good connectivity through road networks and public transportation, with Quintana metro station (Line 5) and several urban bus lines providing access to different parts of the city.
Property Facts
| Total Building Size | < 15,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 3 |
| Property Subtype | Apartment | Year Built | 1960 - 1969 |
| Total Building Size | < 15,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 3 |
| Year Built | 1960 - 1969 |
Amenities
Site Amenities
- Close to Public Transportation
1 Unit Available
| Unit Size | 645 SF | Sale Type | Investment |
| Price | $760,823 | Cap Rate | 5.17% |
| Price Per SF | $1,179.57 | NOI | $39,362.60 |
| Condo Use | Retail |
| Unit Size | 645 SF |
| Price | $760,823 |
| Price Per SF | $1,179.57 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| NOI | $39,362.60 |
Description
Commercial space of 60 m2 that is located on a mixed farm in good condition. It has a façade of 6 linear meters and has no smoke outlet.
Sale Notes
Commercial property with profitability located on Alcalá Street, just a few meters from Plaza de Quintana. The immediate surroundings feature established commercial areas with high pedestrian traffic and local services. The location is well-connected through road networks and public transportation, with the Quintana metro station (L5) nearby, as well as several urban bus lines that connect to different parts of the city.
Long-term contract recently signed. The asset offers a gross yield of 5.12%.
Presented by
Urbagesa
Calle de Alcalá
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