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Plaza de Padrón 592 SF Retail Condo Unit Offered at $173,086 in Fuencarral - El Pardo, Madrid 28029
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Investment Highlights
- Strategic location next to La Vaguada Shopping Center and high pedestrian traffic.
- Versatile space with multiple possibilities.
Executive Summary
Residential building with 6 floors in the El Pilar neighborhood. Area surrounded by businesses and all kinds of services.
Property Facts
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 6 |
| Property Subtype | Apartment | Year Built | 1960 - 1969 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Year Built | 1960 - 1969 |
Amenities
Site Amenities
- Public Transportation
1 Unit Available
Unit Puerta T3
| Unit Size | 592 SF | Condo Use | Retail |
| Price | $173,086 | Sale Type | Investment or Owner User |
| Price Per SF | $292.38 |
| Unit Size | 592 SF |
| Price | $173,086 |
| Price Per SF | $292.38 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
Description
Commercial space of 55 square meters built and approximately 48 square meters usable at street level in the El Pilar neighborhood.
Sale Notes
This commercial property for sale represents an excellent opportunity for both investors and professionals seeking an asset with immediate profitability in one of Madrid's most dynamic commercial areas. The property offers an efficient layout that includes a main customer service area, a bathroom, and a storage area, allowing for comfortable operations adaptable to multiple commercial activities.
Currently, the premises are leased and operating as a grocery store. Upon completion of the transaction, the property will be delivered free of furnishings and fully available for direct exploitation or for leasing to a new tenant. Visits will be conducted exclusively with genuine purchase interest, ensuring respect for the current activity.
Economically, the asset stands out for its low associated costs: an annual property tax (IBI) of €270 and a community fee of only €20 per month. The building has no special assessments, and the property is free of encumbrances, providing full legal security and financial predictability to the buyer.
Located just a minute's walk from the iconic La Vaguada Shopping Center, the area offers all essential services, from banks and pharmacies to supermarkets. The Barrio del Pilar metro station is just a few meters away, ensuring excellent connectivity with the rest of the city, as well as quick access to the main ring roads, M-30 and M-40. A strategic location that ensures pedestrian traffic, visibility, and a solid commercial demand.
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Agisa
Presented by
Plaza de Padrón
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