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Zona Tetuán 1,883 SF Retail Condo Unit Offered at $521,636 in Tetuán, Madrid 28029
Some information has been automatically translated.
Investment Highlights
- Located on a commercial street.
- You can only buy the premises with the house together.
- Ideal for investors.
- Commercial space with residential unit on the upper floor.
- Good communications.
- Net return 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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 4.00% |
| Sale Type | Investment |
| Cap Rate | 4.00% |
Description
Commercial space of 175 m² distributed between the ground floor and the 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 approximately December 2029, with initial monthly income of €1,750 and an annual increase of €100. Net profitability of 4%. Annual property tax (IBI) is around €600, and community fees are €65 per month.
The ground floor, currently operating as a bar, is equipped with a legalized exhaust system, a fully equipped kitchen, storage space, climate control, an alarm system, and three restrooms, making it suitable for continuing its restaurant activity or adapting it 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 transformation.
The ground floor, currently operating as a bar, is equipped with a legalized exhaust system, a fully equipped kitchen, storage space, climate control, an alarm system, and three restrooms, making it suitable for continuing its restaurant activity or adapting it 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 transformation.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Puerta DR | 1,883 SF | Retail | $521,636 ($277.02/SF) | $20,865.45 |
Unit Puerta DR
| Unit Size |
| 1,883 SF |
| Condo Use |
| Retail |
| Price |
| $521,636 ($277.02/SF) |
| NOI |
| $20,865.45 |
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Unit Puerta DR
| Unit Size | 1,883 SF |
| Condo Use | Retail |
| Price | $521,636 ($277.02/SF) |
| NOI | $20,865.45 |
| Sale Type | Investment |
| Cap Rate | 4.00% |
| Description | |
| Commercial space of 175 m² distributed between the ground floor and the first floor in the Tetuán area.</li></ul> | |
| 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 approximately December 2029, with initial monthly income of €1,750 and an annual increase of €100. Net profitability of 4%. Annual property tax (IBI) is around €600, and community fees are €65 per month.<br> <br> The ground floor, currently operating as a bar, is equipped with a legalized exhaust system, a fully equipped kitchen, storage space, climate control, an alarm system, and three restrooms, making it suitable for continuing its restaurant activity or adapting it 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.<br> <br> 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 transformation.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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 |
Amenities
- Bus Line
- Natural Light
Site Amenities
- Close to Public Transportation
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Contact
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David Víctores Llanos -
Víctores Home
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Photos
Street View
Street
Map
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Zona Tetuán
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