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Zona calle Alcalá 2,497 SF Retail Condo Unit Offered at $433,917 in Ciudad Lineal, Madrid 28017
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Investment Highlights
- Great visibility on the corner with Alcalá Street.
- Excellent connections via public and private transportation.
Executive Summary
Residential building located in the heart of one of the most active areas of Ciudad Lineal.
Property Facts
| Total Building Size | 10,000 - 60,000 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Year Built | 1970 - 1979 |
| Property Subtype | Apartment | Parking | Yes |
| Building Class | C |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Year Built | 1970 - 1979 |
| Parking | Yes |
Amenities
Site Amenities
- Close to Public Transportation
1 Unit Available
Unit 1
| Unit Size | 2,497 SF | Sale Type | Investment |
| Price | $433,917 | Cap Rate | 5.50% |
| Price Per SF | $173.78 | NOI | $23,865.45 |
| Condo Use | Retail |
| Unit Size | 2,497 SF |
| Price | $433,917 |
| Price Per SF | $173.78 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| NOI | $23,865.45 |
Description
Commercial space of 232 m2 built. Currently leased. High profitability, 5.8% gross, 5.5% net.
Sale Notes
Commercial space available currently rented, allowing for income from day one. This is an attractive opportunity for investors seeking immediate profitability and stability, as the tenant is a well-established retail company with a presence in multiple cities across Spain, providing solidity to the contract and long-term security.
The property is located on Emilio Ferrari Street, in an area with constant commercial activity and good foot traffic. The surroundings include local shops, services, and convenient access to public transportation, which contributes to maintaining the commercial appeal of the space and enhances its potential as an investment.
Key features include its 232 square meters, a lease agreement in effect since July 2022, and a gross yield of 5.8% / net yield of 5.5%. For more information on the contract duration, conditions, or additional details, we would be happy to address any inquiries.
Presented by
Zona calle Alcalá
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