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Calle de Goya 613 SF Retail Condo Unit Offered at $489,072 in Salamanca, Madrid 28009
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INVESTMENT HIGHLIGHTS
- Ground floor premises.
- Right in the center of the municipality.
- Good transportation access.
- All services in the area.
EXECUTIVE SUMMARY
Residential building with commercial spaces on the ground floor, totaling 3,946 m2 and distributed across 8 above-ground floors. It is well-connected by public transportation, with several urban and intercity bus lines available.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Storage Space
- Wi-Fi
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Smoke Free
- Wi-Fi
- Storage Space
- Community-Wide WiFi
- Private Bathroom
1 UNIT AVAILABLE
Unit 02
| Unit Size | 613 SF | Sale Type | Investment |
| Price | $489,072 | Cap Rate | 3.93% |
| Price Per SF | $797.83 | NOI | $19,213.53 |
| Condo Use | Retail |
| Unit Size | 613 SF |
| Price | $489,072 |
| Price Per SF | $797.83 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 3.93% |
| NOI | $19,213.53 |
DESCRIPTION
Commercial space and housing with a total area of 57 m2.
SALE NOTES
The property consists of 2 independent yet perfectly complementary units. COMMERCIAL SPACE (store, backroom, and bathroom) with direct access and street frontage on Goya Street, located in an area with EXTREMELY HIGH FOOT AND VEHICULAR TRAFFIC. RESIDENTIAL UNIT (apartment, 1 bedroom) with a separate entrance from within the building. The building, constructed in 1934, is a representative structure with a live-in concierge. The technical building inspection (ITE) was passed successfully in 2022, with the next review scheduled for 2032.
This is a mixed-use asset, versatile and with established heritage value, ideal for investors seeking returns and stability or for clients looking to combine business and residence in one of Madrid's prime areas. EXCLUSIVE INVESTMENT OPPORTUNITY IN GOYA.
The property currently generates fixed monthly income of €1,665/month (with approximately €145/month in expenses: €80/month for community fees and about €65/month for property tax + waste collection fees. Maintenance is covered by the tenants). Of this income, €515/month comes from the food and beverage store (lease starting 03/01/2024, with annual rent updates based on the CPI and a 5-year term), and €1,150/month from the apartment rental (lease expiring in March 2025, renewable or not at the owner's discretion. Managed with maintenance included by the tenant. The apartment is not used for short-term tourist rentals but rather for medium-term rentals in compliance with the Urban Leasing Law (LAU), meaning reservations are medium-term and always aligned with tenants' temporary needs as required by law. The apartment has its unique seasonal rental registration number and complies with all legal obligations (it is not registered as a tourist activity with the Community of Madrid). It is a property subject to seasonal rental regulations, not for tourist use, and guests are required to confirm the purpose of their stay (SEASONAL RENTAL PROPERTY, TOURIST RESERVATIONS ARE NOT ACCEPTED). There is no issue with non-payment as the tenant pays in advance through the platform. The property is covered by the platform's insurance, which provides up to €2 million in property damage protection. The approximate net return is 4.5%, which can improve with CPI updates for the commercial space and potential rent increases for the apartment lease renewal.
PRIME LOCATION: Goya Street, one of Madrid's most sought-after addresses. Dual asset (commercial + residential): risk diversification and dual income streams. Real and sustainable profitability: stable cash flow and active contracts. High demand for corporate medium-term rentals: area with strong professional and business activity. Potential for appreciation: established location with growing heritage value. Liquid and flexible investment: suitable for both long-term investors and end-users seeking to live and work in the same property.
Interior Photo
Interior Photo
Interior Photo
Presented by
Calle de Goya
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