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Calle del Príncipe de Vergara 1,442 SF Retail Condo Unit Offered at $1,295,321 in Chamartín, Madrid 28006
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Investment Highlights
- Prime location on a strategic avenue in Madrid.
- Smoke extraction and optimal setup for hospitality activity.
- Established restaurant operator in full operation.
- Investment with immediate profitability and an active contract.
Executive Summary
Residential building located in the Salamanca district, one of the most prestigious and highly valued areas of Madrid. The surroundings are notable for their elegant architecture, tree-lined streets, and excellent quality of life. The location has direct connections to key roadways such as Avenida de América, the M-30, Calle María de Molina, and Paseo de la Castellana, providing quick access to different parts of the city. Regarding public transportation, the area has several nearby Metro stations, particularly lines 4, 6, 7, and 9, as well as numerous bus lines and proximity to the Avenida de América Interchange, one of the most important mobility hubs in Madrid. The area offers a wide range of services: supermarkets, banks, pharmacies, educational centers, private clinics, restaurants, boutiques, and gyms, creating a comfortable, safe, and very dynamic environment.
1 Unit Available
Unit Puerta LA
| Unit Size | 1,442 SF | Condo Use | Retail |
| Price | $1,295,321 | Sale Type | Investment |
| Price Per SF | $898.28 |
| Unit Size | 1,442 SF |
| Price | $1,295,321 |
| Price Per SF | $898.28 |
| Condo Use | Retail |
| Sale Type | Investment |
Description
Commercial space of 134 m² at street level with 116 m² of usable area.
Sale Notes
This attractive commercial property located on Príncipe de Vergara represents an exceptional opportunity for investors seeking a well-established asset in one of Madrid's most sought-after areas. Situated at street level on a high-traffic pedestrian and vehicular stretch, the property stands out for its corner configuration, offering approximately 14 linear meters of frontage and large display windows that maximize visibility and enhance the commercial value of the asset.
The property boasts a built area of 134 square meters and a usable area of 116 square meters, efficiently distributed for restaurant operations. Its existing license and smoke extraction system provide a significant competitive advantage in a market where such assets are particularly scarce. Currently, the space is leased to a prominent restaurant operator, ensuring stability, recurring income, and a secure investment outlook. The gross yield of 4.80% further enhances the financial appeal of the property, making it an ideal product for both conservative investors and those focused on preserving capital in prime locations.
The Príncipe de Vergara area is characterized by its mixed-use environment, including residential, office, retail, and dining spaces, ensuring a constant flow of activity throughout the day. Additionally, it offers excellent public transportation connectivity and a well-established urban setting, factors that strengthen demand and ensure the sustainability of the tenant's business.
This asset combines a strategic location, exceptional visibility, and a solid tenant, presenting an investment opportunity that is difficult to replicate in today's market.
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Property Facts
| Total Building Size | 10,000 - 60,000 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Year Built | 2000 - 2009 |
| Property Subtype | Apartment | Parking | Yes |
| Building Class | B |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 5 |
| Year Built | 2000 - 2009 |
| Parking | Yes |
Amenities
- Bus Line
Site Amenities
- Close to Public Transportation
- Elevator
Presented by
Calle del Príncipe de Vergara
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