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Calle de la Infanta Mercedes 8,255 SF Retail Condo Unit Offered at $815,119 in Tetuán, Madrid 28020
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INVESTMENT HIGHLIGHTS
- Busy area in the heart of the Tetuán neighborhood.
- Good public transportation access.
EXECUTIVE SUMMARY
Residential property with 5,268 m2 built, distributed across seven above-ground floors, located in Tetuán. Consolidated residential area surrounded by shops and services, with good public transportation connections.
PROPERTY FACTS
| Total Building Size | > 50,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 7 |
| Property Subtype | Apartment | Year Built | 1960 - 1969 |
| Total Building Size | > 50,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 7 |
| Year Built | 1960 - 1969 |
AMENITIES
UNIT AMENITIES
- Storage Space
SITE AMENITIES
- Private Bathroom
1 UNIT AVAILABLE
Unit Pta. 01
| Unit Size | 8,255 SF | Condo Use | Retail |
| Price | $815,119 | Sale Type | Investment or Owner User |
| Price Per SF | $98.74 | Parking Spaces | Yes |
| Unit Size | 8,255 SF |
| Price | $815,119 |
| Price Per SF | $98.74 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Parking Spaces | Yes |
DESCRIPTION
Complete parking facility consisting of 31 spaces of various sizes, an office, and two areas designated as storage or warehouse space. It has a valid license and is currently operating as a private parking lot with active monthly rentals. The registered and cadastral areas match: the main area totals 676 m2 of built space, the ramp adds 94 m2, and the total built area amounts to 770 m2.
SALE NOTES
Complete garage for sale consisting of 31 parking spaces of various sizes, an office, and two areas designated for storage or warehouse use. It has an operating license and is currently functioning as a private garage with active monthly rentals. The registered and cadastral areas match: the garage has 676 m² built, the ramp has 94 m² built, and the total amounts to 770 m² built.
It is located on Infanta Mercedes Street, near Sor Ángela de la Cruz, between Bravo Murillo and Paseo de la Castellana – Cuzco. The property is in the basement of a residential and commercial building from 1967, with an independent property registry and its own cadastral reference.
The garage features an automatic door with an electric arm, a pedestrian door, an emergency exit via stairs, certified fire doors, a smoke extraction system, and fire protection equipment, as well as a restroom with weekly cleaning. The access ramp is completely straight, with no complicated turns, and the interior offers a spacious maneuvering area and generously sized parking spaces suitable for all types of vehicles (some shorter but with double width). In addition to the 31 marked spaces, there is an office at the entrance suitable for control or concierge use, a mezzanine for storage, and a large additional storage area on the lower floor, all secured with doors and locks.
No fees are charged to the buyer. The estimated gross return is 5.31% with rentals of €100/month per space. Expenses include: community fees of €358.72/month, property tax (IBI) of €1,569.30/year, and waste tax of €103.69/year.
Area and transportation: It is located in one of the best areas of the Cuzco–Castillejos neighborhood, near Bravo Murillo, Paseo de la Castellana, Plaza de Cuzco, Sor Ángela de la Cruz, and Orense Street. It has quick access to Castellana and Plaza Castilla. This is a high socioeconomic residential, commercial, and office area with all consolidated services. It is very well connected via Tetuán metro (line 1), Cuzco metro (line 10), and EMT bus lines 3, 11, 49, and N23.
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Presented by
Calle de la Infanta Mercedes
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