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Calle de la Corredera Baja de San Pablo 1,108 SF Retail Condo Unit Offered at $947,906 in Centro, Madrid 28004
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INVESTMENT HIGHLIGHTS
- Property with profitability and established operator.
- Located in the heart of Malasaña.
- Net yield of 5%.
- High-demand commercial and dining environment.
EXECUTIVE SUMMARY
Residential building with 6 above-ground floors in Malasaña. Area with all kinds of businesses and services nearby.
PROPERTY FACTS
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 6 |
| Property Subtype | Apartment | Year Built/Renovated | 1900 - 1909/2000 - 2009 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Year Built/Renovated | 1900 - 1909/2000 - 2009 |
1 UNIT AVAILABLE
Unit -
| Unit Size | 1,108 SF | Sale Type | Investment |
| Price | $947,906 | Cap Rate | 5.00% |
| Price Per SF | $855.51 | NOI | $47,395.32 |
| Condo Use | Retail |
| Unit Size | 1,108 SF |
| Price | $947,906 |
| Price Per SF | $855.51 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $47,395.32 |
DESCRIPTION
Commercial space of 103 m2 on Corredera Baja de San Pablo street.
SALE NOTES
Unique investment opportunity in the heart of Malasaña, one of Madrid's most vibrant and sought-after neighborhoods. This is a commercial property with profitability, currently operated by a successful tenant, ensuring stability and security for the new owner. The lease agreement includes all necessary guarantees, offering an attractive net return of 5%.
The asset is located on Corredera Baja de San Pablo street, in its most commercial section, surrounded by shops, hospitality venues, and just a few meters from the iconic Pez street. This strategic location ensures a constant flow of pedestrians and high visibility, enhanced by its 6-meter frontage and large, carefully decorated display windows.
Malasaña is recognized as a cultural and gastronomic epicenter, with a unique mix of leisure, fashion, and tradition that attracts both residents and tourists. The area boasts excellent transport connections and a commercial density that increases the asset's long-term value.
This property not only stands out for its prime location but also for its well-maintained image and dynamic surroundings, making it a solid investment with promising prospects.
Presented by
Calle de la Corredera Baja de San Pablo
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