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Calle de Martín de Vargas 3,853 SF Retail Condo Unit Offered at $1,530,834 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.
1 Unit Available
Unit 01
| Unit Size | 3,853 SF | Sale Type | Investment |
| Price | $1,530,834 | Cap Rate | 3.42% |
| Price Per SF | $397.31 | NOI | $52,283.89 |
| Condo Use | Retail |
| Unit Size | 3,853 SF |
| Price | $1,530,834 |
| Price Per SF | $397.31 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 3.42% |
| NOI | $52,283.89 |
Description
The premises have a built area of 358 m² and a façade of approximately 15 meters, providing excellent visibility and street-level exposure.
The property is outward-facing, enhancing natural light and commercial appeal.
The space is adapted for use as a gym, featuring large open areas, two bathrooms, heating, and air conditioning, ensuring comfort and versatility for its use.
Sale Notes
Ref.: LCM40224
Commercial property located on Martín de Vargas Street, within the municipality of Madrid, in the Arganzuela district.
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 various 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, excellent public transportation connectivity, and close proximity to services, shops, residential areas, and leisure zones.
+33 More
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Property Facts
| Total Building Size | 10,000 - 60,000 SF | Floors | 7 |
| Property Type | Multifamily (Condo) | Year Built | 1970 - 1979 |
| Property Subtype | Tenancy | Single | |
| Building Class | B | Parking | Yes |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 7 |
| Year Built | 1970 - 1979 |
| Tenancy | Single |
| Parking | Yes |
Amenities
Site Amenities
- Public Transportation
Presented by
Calle de Martín de Vargas
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