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Zona Palacio 1,119 SF Retail Condo Unit Offered at $841,473 in Centro, Madrid 28005
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Investment Highlights
- Busy and commercial street.
- Leisure area with multiple entertainment and hospitality establishments 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.
1 Unit Available
Unit Puerta 01
| Unit Size | 1,119 SF | Condo Use | Retail |
| Price | $841,473 | Sale Type | Investment |
| Price Per SF | $751.99 |
| Unit Size | 1,119 SF |
| Price | $841,473 |
| Price Per SF | $751.99 |
| 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 has a cave-like design, offering a unique atmosphere highly appreciated by customers. Additionally, it includes 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 Madrid's most frequented and renowned streets, it is a year-round gastronomic and tourist hotspot. The area boasts constant demand, high visibility, and strong commercial appeal, even in unfavorable market conditions.
The property has a total area of 100 m² and is distributed across two floors: the entrance level with a bar and dining area, and the lower level, designed as a cave-like space with a distinctive ambiance highly appreciated by customers. Fully renovated in 2016, it features acoustic conditioning, a license for ambient music, complete climate control with heating and air conditioning, two restrooms, and a kitchen area without an exhaust system.
+15 More
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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 |
Amenities
Site Amenities
- Close to Public Transportation
Presented by
Zona Palacio
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