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Investment Highlights

  • Original industrial architecture with historical structural elements.
  • Change of use to residential in progress, excellent investment opportunity.
  • Rehabilitated vaulted cave, ideal for premium or conceptual uses.
  • Open space with natural light and contemporary finishes.

Executive Summary

Residential building with 5 floors in Lavapiés. Located in an area with good transportation links and all kinds of businesses and services nearby.

1 Unit Available

Unit Puerta 02

Unit Size 710 SF
Price $410,038
Price Per SF $577.52
Condo Use Office/Retail
Sale Type Investment or Owner User
Description

Commercial space with 66 m² built and 57 m² usable, with 44 m² usable at street level and the remaining area in the basement. It features a storefront measuring 1.22 m wide by 2.70 m high, and the façade spans 4.5 linear meters.

Sale Notes

In the heart of the cultural vibrancy of Lavapiés/Embajadores, a truly unique opportunity presents itself: an impressive industrial loft-style space with a historic vaulted cave that combines character, design, and enormous potential for appreciation. Currently undergoing a change of use to residential, this property positions itself as a strategic investment in one of Madrid's most dynamic and trending neighborhoods.

The main space stands out for its New York-style aesthetic, featuring original exposed brick, natural wood beams, high ceilings with vaulted details, and a wide façade that enhances presence and natural light. The street-level floor is completely open, bathed in natural light thanks to its tall storefront and equipped with motorized windows that provide efficiency and comfort. The already-installed kitchen, durable wood flooring, and a renovated bathroom with modern finishes allow for immediate occupancy while its final project is defined.

On the lower level lies the gem of the property: a fully restored historic vaulted cave, equipped with integrated lighting and optimal climate conditions thanks to its mechanical ventilation and air conditioning system. This unique space is ideal for creating a master suite, audiovisual room, private wine cellar, wellness area, or any high-value residential concept.

Located in an urban enclave with strong growth potential, surrounded by creative spaces, galleries, signature gastronomy, and excellent public transportation connections, this property brings together the key ingredients for those seeking a unique piece with its own identity and superior appreciation potential.

An unrepeatable property for visionaries, investors, and lovers of spaces with soul.

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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 < 15,000 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class B
Floors 5
Year Built 1900 - 1909

Amenities

Site Amenities

  • Public Transportation
  • Listing ID: 39384422

  • Date on Market: 2/10/2026

  • Last Updated:

  • Address: Centro, Madrid 28012

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