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Investment Highlights

  • Privileged location next to the Congress of Deputies.
  • Premises leased to a reliable operator with a stable track record.
  • Current hospitality license in ZPAE area with high restrictions.
  • 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.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit Tienda
  • 1,399 SF
  • Retail
  • $1,162,804 ($831.17/SF)
  • $48,837.78
Sale Type Investment
Cap Rate 4.20%
Description
Commercial space of 130 square meters built and approximately 103 usable.
Sale Notes
Magnificent hospitality space with profitability located in one of the most prestigious and iconic areas in the heart of Madrid, just steps away from the Spanish Congress of Deputies. This exceptional location lies within the cultural axis formed by the Thyssen Museum, Paseo del Prado, and some of the capital's most renowned restaurants, ensuring a constant flow of residents, professionals, tourists, and institutional visitors.

The property represents a solid and secure investment opportunity thanks to its stable lease agreement with a financially sound family business that has been operating in the space for years. It offers a 4.2% return, further strengthened by the scarcity of comparable offerings in the area, particularly as it is a space with a hospitality license in a ZPAE zone where no new licenses are being granted. This feature makes the property a highly valuable and strategic asset.

The property boasts an attractive configuration for operators: a total of three registered units comprising a ground floor of approximately 1,302 sq. ft. and a small support space in the basement of about 97 sq. ft. It offers excellent visibility thanks to its two street-facing storefronts and 39 feet of linear façade, providing optimal and continuous exposure. The space has been renovated, minimizing the need for additional investment and ensuring the tenant's operational continuity.

The immediate surroundings combine government institutions, top-tier cultural offerings, boutique hotels, professional offices, and a well-established gastronomic scene. All of this reinforces the stability of demand and the appeal of this property as a long-term investment asset.
Unit Unit Size Condo Use Price NOI
Unit Tienda 1,399 SF Retail $1,162,804 ($831.17/SF) $48,837.78

Unit Tienda

Unit Size
1,399 SF
Condo Use
Retail
Price
$1,162,804 ($831.17/SF)
NOI
$48,837.78

Unit Tienda

Unit Size 1,399 SF
Condo Use Retail
Price $1,162,804 ($831.17/SF)
NOI $48,837.78
Sale Type Investment
Cap Rate 4.20%
Description
Commercial space of 130 square meters built and approximately 103 usable.
Sale Notes
Magnificent hospitality space with profitability located in one of the most prestigious and iconic areas in the heart of Madrid, just steps away from the Spanish Congress of Deputies. This exceptional location lies within the cultural axis formed by the Thyssen Museum, Paseo del Prado, and some of the capital's most renowned restaurants, ensuring a constant flow of residents, professionals, tourists, and institutional visitors.

The property represents a solid and secure investment opportunity thanks to its stable lease agreement with a financially sound family business that has been operating in the space for years. It offers a 4.2% return, further strengthened by the scarcity of comparable offerings in the area, particularly as it is a space with a hospitality license in a ZPAE zone where no new licenses are being granted. This feature makes the property a highly valuable and strategic asset.

The property boasts an attractive configuration for operators: a total of three registered units comprising a ground floor of approximately 1,302 sq. ft. and a small support space in the basement of about 97 sq. ft. It offers excellent visibility thanks to its two street-facing storefronts and 39 feet of linear façade, providing optimal and continuous exposure. The space has been renovated, minimizing the need for additional investment and ensuring the tenant's operational continuity.

The immediate surroundings combine government institutions, top-tier cultural offerings, boutique hotels, professional offices, and a well-established gastronomic scene. All of this reinforces the stability of demand and the appeal of this property as a long-term investment asset.

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size > 50,000 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class B
Floors 4
Year Built 1900 - 1909

Amenities

Site Amenities

  • On-Site Retail
  • Public Transportation
  • Listing ID: 39261368

  • Date on Market: 1/30/2026

  • Last Updated:

  • Address: Centro, Madrid 28014

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