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Calle del Marqués de Cubas 1,399 SF Retail Condo Unit Offered at $1,185,536 in Centro, Madrid 28014
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Investment Highlights
- Prime location next to the Congress of Deputies.
- Premises leased to a solvent operator with a stable track record.
- Current hospitality license in ZPAE area with high restriction.
- Area with high traffic and established demand.
Executive Summary
Residential building just a few meters from the Congress of Deputies. An exceptional location within the cultural axis formed by the Thyssen Museum, the Paseo del Prado, and surrounded by all kinds of businesses and services.
Property Facts
| Total Building Size | > 50,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 4 |
| Property Subtype | Apartment | Year Built | 1900 - 1909 |
| Total Building Size | > 50,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Year Built | 1900 - 1909 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
Site Amenities
- Public Transportation
1 Unit Available
Unit Tienda
| Unit Size | 1,399 SF | Sale Type | Investment |
| Price | $1,185,536 | Cap Rate | 4.20% |
| Price Per SF | $847.42 | NOI | $49,792.53 |
| Condo Use | Retail |
| Unit Size | 1,399 SF |
| Price | $1,185,536 |
| Price Per SF | $847.42 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.20% |
| NOI | $49,792.53 |
Sale Notes
Magnificent hospitality venue with profitability located in one of the most prestigious and representative areas of central Madrid, just a few meters from the Congress of Deputies. An exceptional location within the cultural axis formed by the Thyssen Museum, the Paseo del Prado, and some of the most renowned restaurants in the capital, ensuring a constant flow of residents, professionals, tourists, and institutional visitors.
The asset presents itself as a solid and secure investment opportunity thanks to its stable lease agreement with a solvent family business that has been operating in the location for years. It offers a 4.2% return, reinforced by the scarcity of comparable offerings in the area, especially since it is a space with a hospitality license in a ZPAE area where no new licenses are being granted. This feature makes the venue a highly valuable strategic asset.
The property has an attractive configuration for operators: a total of three registered properties that add up to a street-level floor of approximately 121 m2 and a small support space in the basement of about 9 m2. It boasts excellent visibility thanks to its two street-facing windows and its 12 linear meters of frontage, allowing for optimal and continuous exposure. The venue is renovated, minimizing the need for additional investment and facilitating the tenant's operational continuity.
Its immediate surroundings combine government institutions, top-tier cultural offerings, boutique hotels, professional offices, and a well-established gastronomic activity. All of this reinforces the stability of demand and the appeal of this asset as a long-term investment.
Presented by
Calle del Marqués de Cubas
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