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Zona Palacio 1,119 SF Retail Condo Unit Offered at $817,835 in Centro, Madrid 28005

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Investment Highlights

Busy and commercial street.

Leisure area with multiple entertainment and hospitality venues nearby.

Executive Summary

Residential property with 1,607 m2 built, distributed over five above-ground floors, located in the city center. Situated in the heart of the La Latina neighborhood, a historic area known for its culinary scene and nightlife. It is a busy and tourist-friendly street, with numerous bars, restaurants, and easy access to public transportation in downtown Madrid.

Property Facts

Total Building Size	< 15,000 SF	Building Class	C
Property Type	Multifamily (Condo)	Floors	4
Property Subtype	Apartment	Year Built	1900 - 1909

Total Building Size	< 15,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Building Class	C
Floors	4
Year Built	1900 - 1909

Site Amenities

Close to Public Transportation

1 Unit Available

Unit Puerta 01

Unit Size	1,119 SF	Condo Use	Retail
Price	$817,835	Sale Type	Investment
Price Per SF	$730.86

Unit Size	1,119 SF
Price	$817,835
Price Per SF	$730.86
Condo Use	Retail
Sale Type	Investment

Description

The premises are distributed over two floors: the entrance floor features a bar and dining area, while the lower floor is cave-like, offering a unique atmosphere highly appreciated by customers. Additionally, it has two restrooms and a kitchen area without an exhaust system.

Sale Notes

Commercial property with profitability in the heart of Sol – Cava Baja, currently rented and operating as a bar. It is located in one of the most iconic, busy, and established areas of Madrid's historic center.

The current profitability is 5.8%, with the property leased and operational, making it an ideal investment opportunity for those seeking stable income and long-term value preservation.

Situated on one of the most trafficked and recognized streets in Madrid, it is a gastronomic and tourist landmark year-round. The area has constant demand, great visibility, and high commercial appeal, even in unfavorable market conditions.

The property has a surface area of 100 m2 and is distributed over two floors: the entrance floor with a bar and dining area, and the lower floor, which has a cave-like atmosphere highly appreciated by customers. It was fully renovated in 2016, features acoustic conditioning and installation with a license for ambient music, complete climate control with heating and air conditioning, two restrooms, and a kitchen area without an exhaust system.