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Las Letras 1,776 SF Retail Condo Unit Offered at $1,068,275 in Centro, Madrid 28014

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Investment Highlights

Location in Barrio de las Letras – Centro District.
Close to Paseo del Prado and main museums.

Historic and established area with high heritage value.
Excellent connection via Metro (L1, L2, L3) and commuter trains.

Executive Summary

Residential building located in the heart of the Barrio de las Letras, within the Centro district. This is one of the most emblematic and established areas of the capital, characterized by residential buildings of traditional Madrid style, with rehabilitated properties and high heritage value. The environment is predominantly urban, with a wide range of services, local commerce, dining options, and cultural facilities, given its proximity to landmarks such as the Congress of Deputies, Paseo del Prado, and the art triangle (Prado Museum, Reina Sofía Museum, and Thyssen-Bornemisza Museum). The area combines residential use with cultural and tourist activity, maintaining strong housing demand. Regarding transportation, the property has excellent public transport connections. It is close to the Antón Martín (L1) and Sevilla (L2) Metro stations, as well as Sol (L1, L2, and L3) and the Madrid-Sol commuter train station. Additionally, there are multiple urban bus lines in the vicinity. Road connections are structured through the Gran Vía – Alcalá – Paseo del Prado axis, facilitating access to different parts of the city.

Property Facts

Total Building Size	10,000 - 60,000 SF	Building Class	C
Property Type	Multifamily (Condo)	Floors	5
Property Subtype	Apartment	Year Built	1890 - 1899

Total Building Size	10,000 - 60,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Building Class	C
Floors	5
Year Built	1890 - 1899

Unit Amenities

Heating

Instant Hot Water

Site Amenities

Public Transportation

1 Unit Available

Unit IZ

Unit Size	1,776 SF	Condo Use	Retail
Price	$1,068,275	Sale Type	Investment or Owner User
Price Per SF	$601.51

Unit Size	1,776 SF
Price	$1,068,275
Price Per SF	$601.51
Condo Use	Retail
Sale Type	Investment or Owner User

Description

The property has 150 square meters of usable space, distributed over two levels. The ground floor offers 95 square meters, featuring a spacious exhibition area and high ceilings that provide a sense of openness and character to the space. On this same floor, there is an office equipped with a freight elevator, integrated restroom, and additional storage space, facilitating daily operations and internal organization of the business.

The basement level adds 55 square meters, configured as a versatile space currently used as a work area and workshop. Its layout allows for adaptation to various uses, whether as a technical area, creative space, or support zone for the main activity. The premises are equipped with natural gas heating, providing comfort and energy efficiency.

Sale Notes

Ref.: PR99559760
Commercial space for sale in the prestigious Barrio de las Letras, Madrid. Located on León Street, right in the Cortes–Huertas axis, it is situated in an area of high cultural and commercial activity, with a constant flow of pedestrians and excellent visibility for any business in one of the most distinctive areas of central Madrid.

The surroundings are one of its main unique features. Barrio de las Letras combines tradition, cultural offerings, specialized shops, dining, and a diverse audience, creating a dynamic and established atmosphere. The excellent connection with the rest of the city center and the constant activity in the area enhance the property's appeal as an investment or business headquarters.