Butarque 18,988 SF Industrial Building Usera, Madrid 28041 $3,000,854 ($158.04/SF)

Ref.: PR99559780
A strategically located building in the heart of Madrid is offered for sale, with high rehabilitation potential. Currently, the property houses six apartments and two commercial spaces, all rented, ensuring excellent profitability from the start.
The building represents a unique opportunity for investors interested in rehabilitation projects, as there is an approved project to transform the property into twelve modern residential units.
It is important to note that the property does not have a First Occupancy License (LPO) and the horizontal division still requires administrative formalization, allowing the buyer to adapt the project according to their needs and investment objectives.
This option is ideal for those looking to diversify their real estate portfolio or for those willing to develop an ambitious residential project in a prime location in Madrid.
In terms of transportation, the property is well-connected via the road network, with direct access to the M-40, A-3, and A-4, allowing for easy mobility to the center of Madrid, the airport, and other logistical hubs in the metropolitan area. Additionally, the area is served by public transportation through urban bus lines, connecting the area with Madrid city and nearby municipalities.