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Palacio 538 SF Retail Condo Unit Offered at $255,294 in Centro, Madrid 28005
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INVESTMENT HIGHLIGHTS
- Close to Plaza de Cascorro and the Rastro area.
- Connections via metro lines 1 and 5 and buses M1, 17, 18, 23, and 35.
EXECUTIVE SUMMARY
Residential building located in the municipality of Madrid, on Calle Mediodía Grande. Just a few meters away is Plaza de Cascorro, one of the most iconic spaces in the La Latina neighborhood and a key reference point for the historical heritage associated with the Rastro de Madrid. The location offers excellent connectivity via road networks and public transportation, with close proximity to the La Latina metro station (line 5) and Tirso de Molina metro station (line 1), as well as several EMT bus lines (M1, 17, 18, 23, 35) operating in the immediate area. The property is situated in a traditional urban setting, characterized by multi-story residential buildings, narrow streets with historical layouts, and the presence of shops, restaurants, and cultural facilities.
PROPERTY FACTS
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 4 |
| Property Subtype | Apartment | Year Built | 1900 - 1909 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Year Built | 1900 - 1909 |
AMENITIES
UNIT AMENITIES
- Heating
- Instant Hot Water
SITE AMENITIES
- Public Transportation
1 UNIT AVAILABLE
| Unit Size | 538 SF | Condo Use | Retail |
| Price | $255,294 | Sale Type | Investment or Owner User |
| Price Per SF | $474.52 |
| Unit Size | 538 SF |
| Price | $255,294 |
| Price Per SF | $474.52 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
DESCRIPTION
The space is located on the ground floor and has a built area of 50 m2. It is set up as a living space and includes one bedroom and a bathroom with a window. Renovations are needed, providing the opportunity to customize its layout and finishes. The bathroom features a bathtub, and the southern orientation allows for a significant amount of natural light throughout the day.
SALE NOTES
Space converted into a residence located in the Palacio district of Madrid. The building dates back to 1900 and features aluminum and wood carpentry, adding character and brightness to the space. The Cebada Market and Tirso de Molina Square are just a short distance away, both being landmarks of the La Latina neighborhood due to their commercial and cultural activities. The location is well-connected by road network and public transportation, with proximity to the La Latina (L5) and Tirso de Molina (L1) metro stations, as well as several EMT bus lines that serve the area.
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Palacio
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