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Calle de Martín de Vargas 3,853 SF Retail Condo Unit Offered at $1,524,390 in Arganzuela, Madrid 28005

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INVESTMENT HIGHLIGHTS

Proximity to Retiro Park and Puerta de Alcalá.

Public transportation; Ibiza metro station (L9) and various bus lines.

EXECUTIVE SUMMARY

Residential property located on Martín de Vargas Street in Madrid. The home is situated in the Retiro district, near Retiro Park and Puerta de Alcalá, in a well-established area with a wide range of commercial, educational, and healthcare services. The location offers excellent connectivity via the M-30 and Alcalá Street, as well as public transportation, including the Ibiza metro station (L9) and various urban bus lines that connect to the city center and other districts of Madrid.

PROPERTY FACTS

Total Building Size	10,000 - 60,000 SF	Floors	7
Property Type	Multifamily (Condo)	Year Built	1970 - 1979
Property Subtype	Apartment General Retail Storefront Retail/Residential	Tenancy	Single
Building Class	B	Parking	Yes

Total Building Size	10,000 - 60,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment General Retail Storefront Retail/Residential
Building Class	B
Floors	7
Year Built	1970 - 1979
Tenancy	Single
Parking	Yes

UNIT AMENITIES

Heating

Instant Hot Water

Intercom

SITE AMENITIES

Public Transportation

1 UNIT AVAILABLE

Unit 01

Unit Size	3,853 SF	Sale Type	Investment
Price	$1,524,390	Cap Rate	3.42%
Price Per SF	$395.64	NOI	$52,063.79
Condo Use	Retail

Unit Size	3,853 SF
Price	$1,524,390
Price Per SF	$395.64
Condo Use	Retail
Sale Type	Investment
Cap Rate	3.42%
NOI	$52,063.79

DESCRIPTION

The premises have a built area of 358 square meters and a facade of approximately 15 meters, providing great visibility and street-level exposure. The property is oriented outward, enhancing natural light and commercial appeal. The space is adapted for use as a gym, with large open areas, two bathrooms, heating, and air conditioning, ensuring comfort and versatility in its use.

SALE NOTES

Ref.: LCM40224
Commercial property located on Martín de Vargas Street, in the municipality of Madrid, within the Arganzuela district.

It is currently leased until July 2027, generating a monthly rent of €3,700, offering immediate profitability for investors.

The layout and features of the property allow for adaptation to different commercial or professional activities, as well as immediate exploitation for investment purposes.

The location is in a well-established urban area, with high pedestrian and vehicular traffic, good connectivity via public transportation, and proximity to services, shops, residential areas, and leisure zones.