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Zona Tetuán 1,883 SF Retail Condo Unit Offered at $519,259 in Tetuán, Madrid 28029

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Investment Highlights

Located on a commercial street.
Ideal for investor.

Good communications.
Net yield of 4%.

Executive Summary

Residential building with 3 above-ground floors located in the Tetuán area. Situated in a zone with all types of businesses and services nearby.

Property Facts

Total Building Size	< 15,000 SF	Building Class	C
Property Type	Multifamily (Condo)	Floors	3
Property Subtype	Apartment	Year Built	1910 - 1919

Total Building Size	< 15,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Building Class	C
Floors	3
Year Built	1910 - 1919

Bus Line

Natural Light

Site Amenities

Close to Public Transportation

1 Unit Available

Unit Puerta DR

Unit Size	1,883 SF	Sale Type	Investment
Price	$519,259	Cap Rate	4.00%
Price Per SF	$275.76	NOI	$20,770.35
Condo Use	Retail

Unit Size	1,883 SF
Price	$519,259
Price Per SF	$275.76
Condo Use	Retail
Sale Type	Investment
Cap Rate	4.00%
NOI	$20,770.35

Description

Commercial space of 175 m2 distributed between the ground floor and first floor in the Tetuán area.

Sale Notes

In the heart of Tetuán, just steps from the Valdeacederas metro station, a unique opportunity for investors is presented: a historic asset with mixed use that combines a corner commercial space and an upper-floor residence. Built in 1914, this property stands out for its versatility and offers guaranteed profitability from day one thanks to a lease agreement valid until December 2029, with initial income of €1,750 per month and an annual update of €100. Net profitability of 4%.

The ground floor, currently operating as a bar, features a legalized smoke vent, equipped kitchen, storage, air conditioning, alarm system, and three restrooms, allowing for the continuation of restaurant activities or adaptation to other businesses such as a café, gourmet shop, or restaurant. Its corner location and open facade ensure maximum visibility in a high pedestrian and commercial traffic area.

On the upper floor, the residence adds value with two bedrooms, a living room, full bathroom, and storage room, ideal for residential use, independent rental, or as a space linked to the business. This combination of uses opens the door to flexible strategies that maximize profitability and the potential for appreciation in a neighborhood undergoing significant development.