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Zona centro 1,614 SF Retail Condo Unit Offered at $623,750 in Carabanchel, Madrid 28047
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Investment Highlights
- Unbeatable location with all kinds of services nearby.
- Bus stops in the vicinity.
Executive Summary
Residential building located in a well-established area with all types of services nearby.
1 Unit Available
Unit 1
| Unit Size | 1,614 SF | Sale Type | Investment |
| Price | $623,750 | Cap Rate | 5.50% |
| Price Per SF | $386.46 | NOI | $34,306.23 |
| Condo Use | Retail |
| Unit Size | 1,614 SF |
| Price | $623,750 |
| Price Per SF | $386.46 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| NOI | $34,306.23 |
Description
Commercial space of 150 m2.
Currently leased.
Gross return of 6% and net return of 5.5%.
Sale Notes
Commercial property for sale, currently rented, ensuring income from day one and making it an excellent opportunity for investors seeking immediate profitability and stability. The property is leased to a well-established retail company with a presence in multiple cities across Spain, providing solidity to the contract and long-term security.
The premises are fully operational, with ongoing commercial activity, and located on a busy avenue with high pedestrian and vehicle traffic. It is surrounded by shops, supermarkets, hospitality businesses, and various services. This area boasts high visibility and established commercial appeal, making it ideal for ensuring a strong return on investment.
The property offers approximately 150 m² of space, complemented by an adjacent covered patio of about 250 m², exclusively for the use of the premises. The lease agreement has been in effect since December 2023 and provides a gross yield of 6% and a net yield of 5.5%.
Property Facts
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 5 |
| 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 | 5 |
| Year Built | 1960 - 1969 |
Amenities
- Bus Line
Site Amenities
- Close to Public Transportation
- Elevator
Presented by
Zona centro
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