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Calle del Marqués de Cubas 1,399 SF Retail Condo Unit Offered at $1,159,192 in Centro, Madrid 28014
Some information has been automatically translated.
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
| Sale Type | Investment | Cap Rate | 4.20% |
| 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 center of Madrid, just a few steps 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 most renowned restaurants in the capital, 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 solvent family-run 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, especially given that 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 strategic and valuable asset.
The premises boast an attractive configuration for operators: a total of three registered units comprising a ground floor of approximately 121 m² and a small support space in the basement of about 9 m². It offers excellent visibility thanks to its two street-facing storefronts and 12 linear meters of façade, ensuring optimal and continuous exposure. The space has been 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 scene. All of this reinforces the stability of demand and the appeal of this asset as a long-term investment property.
The property represents a solid and secure investment opportunity thanks to its stable lease agreement with a solvent family-run 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, especially given that 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 strategic and valuable asset.
The premises boast an attractive configuration for operators: a total of three registered units comprising a ground floor of approximately 121 m² and a small support space in the basement of about 9 m². It offers excellent visibility thanks to its two street-facing storefronts and 12 linear meters of façade, ensuring optimal and continuous exposure. The space has been 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 scene. All of this reinforces the stability of demand and the appeal of this asset as a long-term investment property.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Tienda | 1,399 SF | Retail | $1,159,192 ($828.59/SF) | $48,686.06 |
Unit Tienda
| Unit Size |
| 1,399 SF |
| Condo Use |
| Retail |
| Price |
| $1,159,192 ($828.59/SF) |
| NOI |
| $48,686.06 |
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Unit Tienda
| Unit Size | 1,399 SF |
| Condo Use | Retail |
| Price | $1,159,192 ($828.59/SF) |
| NOI | $48,686.06 |
| Sale Type | Investment |
| Cap Rate | 4.20% |
| Description | |
| Commercial space of 130 square meters built and approximately 103 usable.</li></ul> | |
| Sale Notes | |
| Magnificent hospitality space with profitability located in one of the most prestigious and iconic areas in the center of Madrid, just a few steps 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 most renowned restaurants in the capital, ensuring a constant flow of residents, professionals, tourists, and institutional visitors.<br> <br> The property represents a solid and secure investment opportunity thanks to its stable lease agreement with a solvent family-run 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, especially given that 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 strategic and valuable asset.<br> <br> The premises boast an attractive configuration for operators: a total of three registered units comprising a ground floor of approximately 121 m² and a small support space in the basement of about 9 m². It offers excellent visibility thanks to its two street-facing storefronts and 12 linear meters of façade, ensuring optimal and continuous exposure. The space has been renovated, minimizing the need for additional investment and facilitating the tenant's operational continuity.<br> <br> Its 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 asset as a long-term investment property.</li></ul> |
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 | Building Class | B |
| 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 | B |
| Floors | 4 |
| Year Built | 1900 - 1909 |
Amenities
Site Amenities
- On-Site Retail
- Public Transportation
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Calle del Marqués de Cubas
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