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Zona Tetuán 1,883 SF Retail Condo Unit Offered at $529,904 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.
1 Unit Available
Unit Puerta DR
| Unit Size | 1,883 SF | Sale Type | Investment |
| Price | $529,904 | Cap Rate | 4.00% |
| Price Per SF | $281.41 | NOI | $21,196.17 |
| Condo Use | Retail |
| Unit Size | 1,883 SF |
| Price | $529,904 |
| Price Per SF | $281.41 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.00% |
| NOI | $21,196.17 |
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 is available for investors: a historic mixed-use asset that combines a corner retail unit with a residential apartment on the upper floor. Built in 1914, this property stands out for its versatility and for offering guaranteed returns from day one, thanks to a lease agreement in force until approximately December 2027, with initial income of €1,750 per month and an annual increase of €100. Net yield of 4%.
The ground floor, currently operating as a bar, has a legalized venting system, equipped kitchen, storage room, air conditioning, alarm system, and three restrooms, allowing the continuation of the food and beverage business or its adaptation to other uses such as a café, gourmet shop, or restaurant. Its corner location and open façade ensure maximum visibility in an area with high pedestrian and commercial traffic.
On the upper floor, the apartment adds extra value with two bedrooms, 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 appreciation potential in a neighborhood undergoing full transformation.
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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 |
Amenities
- Bus Line
- Natural Light
Site Amenities
- Close to Public Transportation
Contact
-
David Víctores Llanos -
Víctores Home
Presented by
Zona Tetuán
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