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Calle de la Corredera Baja de San Pablo 1,108 SF Retail Condo Unit Offered at $937,387 in Centro, Madrid 28004
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INVESTMENT HIGHLIGHTS
- Commercial property with a well-established operator.
- Located in the heart of Malasaña.
- Net return of 5%.
- High-demand commercial and dining area.
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 | $937,387 | Cap Rate | 5.00% |
| Price Per SF | $846.02 | NOI | $46,869.36 |
| Condo Use | Retail |
| Unit Size | 1,108 SF |
| Price | $937,387 |
| Price Per SF | $846.02 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $46,869.36 |
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 an existing tenant, ensuring stability and security for the new owner. The lease agreement includes all necessary guarantees, offering an attractive net return of 5%.
The property is located on Corredera Baja de San Pablo, in its most commercial stretch, surrounded by shops, restaurants, and just steps away from the iconic Calle del Pez. This strategic location ensures a constant flow of foot traffic and high visibility, further enhanced by its 6-meter frontage and large, carefully decorated display windows.
Malasaña is renowned as a cultural and gastronomic hub, offering a unique blend of entertainment, fashion, and tradition that attracts both locals and tourists. The area boasts excellent transportation connections and a high commercial density, which increases the long-term value of the property.
This space stands out not only for its prime location but also for its well-maintained appearance and dynamic surroundings, making it a solid investment with strong growth potential.
Presented by
Calle de la Corredera Baja de San Pablo
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