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Calle de Goya 613 SF Retail Condo Unit Offered at $494,292 in Salamanca, Madrid 28009
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Investment Highlights
- Ground floor space.
- In the heart of the municipality.
- Good transportation accessibility.
- 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.
1 Unit Available
Unit 02
| Unit Size | 613 SF | Sale Type | Investment |
| Price | $494,292 | Cap Rate | 3.93% |
| Price Per SF | $806.35 | NOI | $19,418.62 |
| Condo Use | Retail |
| Unit Size | 613 SF |
| Price | $494,292 |
| Price Per SF | $806.35 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 3.93% |
| NOI | $19,418.62 |
Description
Commercial space and housing with a total area of 57 m².
Sale Notes
The property is divided into two independent units, designed to function complementarily.
Commercial space: includes a store, backroom, and bathroom, with direct access and frontage on Goya Street, located in an area with extremely high pedestrian and vehicular traffic.
Residential unit: one-bedroom apartment with independent access from inside the building.
Building from 1934, representative in style, with a resident concierge. Passed the Technical Building Inspection (ITE) favorably in 2022 (next review scheduled for 2032).
This is a mixed-use asset, versatile and with consolidated heritage value, ideal for investors seeking returns and stability or for clients looking to combine business and residence in one of Madrid's best areas. EXCLUSIVE INVESTMENT OPPORTUNITY IN GOYA.
The operation currently generates fixed monthly income of €1,665/month (approximately €145/month in expenses must be deducted: €80/month for community fees and about €65/month for property tax + waste fees. Maintenance is covered by the tenants), of which €515/month corresponds to the food-and-beverage store (starting 1-3-24, annually updated rent based on CPI, with a 5-year duration), and €1,150/month from the apartment rental (lease expires 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 for seasonal 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 seasonal rental accommodation, not for tourist use, and guests are required to confirm the purpose of their stay (SEASONAL RENTAL ACCOMMODATION, TOURIST RESERVATIONS ARE NOT ACCEPTED). There is no issue with non-payment as the tenant pays in advance through the platform. The rental platform provides property damage protection insurance up to €2 million. Approximate net return of 4.5%, which can be improved through CPI updates for the commercial space and upward renewal of the apartment lease agreement.
PRIME: Goya Street, one of Madrid's most sought-after addresses. Dual asset (commercial + residential): risk diversification and dual income source. Real and sustainable profitability: stable cash flow and active contracts. High demand for corporate seasonal rentals: area with strong professional and business activity. Potential for appreciation: established location with growing heritage value. Liquid and flexible investment: suitable for both heritage investors and end-users seeking to live and work in the same property.
Interior Photo
Interior Photo
Interior Photo
Property Facts
Amenities
Site Amenities
- 24 Hour Access
- Smoke Free
- Wi-Fi
- Storage Space
- Community-Wide WiFi
- Private Bathroom
Presented by
Calle de Goya
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