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La Latina 2,604 SF Retail Condo Unit Offered at $2,017,852 in Centro, Madrid 28005
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Investment Highlights
- Net yield: 5.40%.
- Excellent connection via Metro Line 5 and urban buses.
- Near Plaza de la Cebada and Cava Baja.
- Consolidated area with strong investment appeal.
Executive Summary
Residential building located in the heart of the La Latina neighborhood, within the Centro district. This is a historic and well-established area, characterized by traditional residential buildings, many of which have been renovated, preserving the architectural character of Madrid's old town. The environment is predominantly urban, with high residential demand both for permanent living and investment. The area offers a wide range of local shops, dining, and entertainment options, highlighted by its proximity to iconic spots such as Plaza de la Cebada, Cava Baja, and the surroundings of Mercado de la Cebada. It is also close to green areas like Madrid Río, which adds value to its residential use. In terms of transportation, the property has excellent public transport connections, being near the La Latina (L5) and Puerta de Toledo (L5) Metro stations, as well as multiple urban bus lines. Road connections are facilitated through the Ronda de Toledo and Bailén axes, with relatively quick access to the M-30.
Property Facts
Amenities
Unit Amenities
- Heating
- Instant Hot Water
Site Amenities
- Public Transportation
1 Unit Available
Unit Pl:SM Pt:01
| Unit Size | 2,604 SF | Sale Type | Investment |
| Price | $2,017,852 | Cap Rate | 5.40% |
| Price Per SF | $774.90 | NOI | $108,964.01 |
| Condo Use | Retail |
| Unit Size | 2,604 SF |
| Price | $2,017,852 |
| Price Per SF | $774.90 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| NOI | $108,964.01 |
Description
It has an area of 236 m2. It features an 8-meter facade that provides excellent visibility and access from the street.
Sale Notes
Ref.: EXP09345
For sale: exclusive commercial property with profitability located in the iconic La Latina neighborhood, within the Centro district of Madrid. This area is known for its vibrant atmosphere, high tourist appeal, and intense commercial activity, making it one of the busiest areas in the capital.
The property has a total area of 236 m2, distributed over two commercial floors open to the public: a semi-basement and a mezzanine, allowing for optimal space utilization. It features an 8-meter linear façade, providing excellent visibility and direct street access.
The property is equipped with an installed smoke vent, making it an ideal option for restaurant and nightlife activities. Additionally, it holds a Special Bar License, one of the few available in the Madrid de los Austrias area, which adds significant value.
This asset represents a strategic opportunity for investors seeking a property with a special license in one of the most sought-after areas of Madrid, combining high profitability with a prime location in the heart of the city.
Interior
Presented by
La Latina
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