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Calle de Martín de Vargas 3,853 SF Retail Condo Unit Offered at $1,530,744 in Arganzuela, Madrid 28005

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INVESTMENT HIGHLIGHTS

Close to the Retiro Park and Puerta de Alcalá.

Public transport; Ibiza metro station (L9) and several bus lines.

EXECUTIVE SUMMARY

Residential property located on Martín de Vargas street, in Madrid. The house is located in the district of Retiro, next to the Retiro Park and the Puerta de Alcalá, in a consolidated environment with a wide range of commercial, educational and health services. The location has excellent connections via the M-30 and Alcalá Street, as well as public transport, including the Ibiza metro station (L9) and several urban bus lines that connect with the 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	$1,530,744	Cap Rate	3.42%
Price Per SF	$397.29	NOI	$52,280.81
Condo Use	Retail

Unit Size	3,853 SF
Price	$1,530,744
Price Per SF	$397.29
Condo Use	Retail
Sale Type	Investment
Cap Rate	3.42%
NOI	$52,280.81

DESCRIPTION

The premises have a constructed area of 358 m2 and a façade of approximately 15 meters, which provides great visibility and exposure at street level.
The property is oriented to the outside, favoring natural light and commercial appeal.
The space is adapted for use as a gym, with large open plan 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.