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Zona Tetuán 1,883 SF Retail Condo Unit Offered at $524,005 in Tetuán, Madrid 28029

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INVESTMENT HIGHLIGHTS

Located on a shopping street.
Ideal for investors.

Good communications.
Net return of 4%.

EXECUTIVE SUMMARY

Residential building with 3 floors above ground in the Tetuán area. Located in an area with all kinds 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	$524,005	Cap Rate	4.00%
Price Per SF	$278.28	NOI	$20,960.21
Condo Use	Retail

Unit Size	1,883 SF
Price	$524,005
Price Per SF	$278.28
Condo Use	Retail
Sale Type	Investment
Cap Rate	4.00%
NOI	$20,960.21

DESCRIPTION

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

SALE NOTES

In the heart of Tetuán, just steps away from the Valdeacederas metro station, a unique opportunity for investors is available: a historic property 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 guaranteed profitability from day one, thanks to an active lease agreement valid until December 2029, with initial monthly income of €1,750 and an annual increase of €100. Net profitability of 4%.

The ground floor, currently operating as a bar, features a legalized exhaust system, equipped kitchen, storage space, climate control, alarm system, and three restrooms, allowing for continued restaurant activity or adaptation to other businesses such as a café, gourmet shop, or restaurant. Its corner location and open façade ensure maximum visibility in a high foot traffic and commercial area.

On the upper floor, the residence adds extra value with two bedrooms, a living room, a full bathroom, and a storage room, making it ideal for residential use, independent rental, or as a space connected 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 growth.