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Recoletos 495 SF Office/Retail Condo Unit Offered at $488,202 in Salamanca, Madrid 28001

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INVESTMENT HIGHLIGHTS

Consolidated residential area in the Recoletos neighborhood near Retiro Park and Serrano Street.

Connection with metro L2 (Retiro) and L4 (Serrano).

EXECUTIVE SUMMARY

Residential building located in the Recoletos neighborhood, within the Salamanca district. It is just a short distance from Serrano Street and Paseo de Recoletos, key urban and commercial areas, as well as Retiro Park, one of the city's main green spaces. The surroundings feature a well-established residential area with a representative character, offering a wide range of services, shopping, and facilities. The location boasts excellent connectivity through road networks and public transportation. Nearby are the Retiro (L2) and Serrano (L4) metro stations, along with numerous urban bus lines that connect to the city center and other districts. Road access is primarily via the M-30 and the Paseo de la Castellana–Recoletos axis, facilitating mobility within the metropolitan area.

PROPERTY FACTS

Total Building Size	10,000 - 60,000 SF	Building Class	C
Property Type	Multifamily (Condo)	Floors	7
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Year Built	1920 - 1929

Total Building Size	10,000 - 60,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Building Class	C
Floors	7
Year Built	1920 - 1929

UNIT AMENITIES

Heating

Instant Hot Water

SITE AMENITIES

Close to Public Transportation

Storage Space

1 UNIT AVAILABLE

Unit 1DR

Unit Size	495 SF	Condo Use	Office/Retail
Price	$488,202	Sale Type	Investment or Owner User
Price Per SF	$986.27

Unit Size	495 SF
Price	$488,202
Price Per SF	$986.27
Condo Use	Office/Retail
Sale Type	Investment or Owner User

DESCRIPTION

The 46 m2 property is an office space that has been recently renovated and is spread over two internally connected floors. The main floor features a reception area with good natural lighting and an open space designated for a waiting area or administrative zone. The lower floor includes a large workroom with capacity for several workstations, a private office, and a fully renovated restroom.

SALE NOTES

Ref.: 427075
Commercial space/office located in the Recoletos neighborhood, within the Salamanca district, on Núñez de Balboa Street, one of the most representative and established streets in the area.

The location is in a prime urban setting, predominantly featuring high-end residential and professional uses, along with a wide range of services. The area boasts excellent public transportation connections and direct access to the main arteries of central Madrid.

The property is in very good condition, with a recent renovation that combines functionality with a corporate image suitable for professional activities. The layout allows for flexible implementation for various uses related to offices and workspaces.