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Calle Sánchez Barcaiztegui 2,346 SF Retail Condo Unit Offered at $559,021 in Retiro, Madrid 28007
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Investment Highlights
- Consolidated area with all types of services nearby.
- Good connections to public transportation, Pacífico metro station just a few minutes away.
Executive Summary
Residential building located in the heart of the Adelfas neighborhood, in an area with services, educational centers, medical facilities, etc. Quick access to Avenida de la Paz.
1 Unit Available
| Unit Size | 2,346 SF | Sale Type | Investment |
| Price | $559,021 | Cap Rate | 3.20% |
| Price Per SF | $238.29 | NOI | $17,888.67 |
| Condo Use | Retail |
| Unit Size | 2,346 SF |
| Price | $559,021 |
| Price Per SF | $238.29 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 3.20% |
| NOI | $17,888.67 |
Description
Commercial space of 218 m2 built.
It is currently rented, offering high profitability.
Sale Notes
Commercial property for sale, currently rented, offering immediate income generation from day one and making it a highly attractive option for investors seeking immediate profitability and stability. The asset is leased to a hospitality establishment, such as a hostel/guesthouse, a fully operational business that provides continuity and security to the lease agreement.
The property is located on Sánchez Barcaiztegui Street, within a well-established urban area, close to public transportation, shopping zones, and just a short distance from areas with high tourist and business activity in Madrid. This strategic location ensures a steady flow of potential customers and sustained appeal for the business in place.
The premises have an approximate area of 218.28 m² according to the registry. The lease agreement has been in effect since July 2023 and offers a gross return of 4.2% and a net return of 3.2%.
+11 More
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Property Facts
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 8 |
| Property Subtype | Apartment | Year Built | 1970 - 1979 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 8 |
| Year Built | 1970 - 1979 |
Amenities
- Bus Line
Site Amenities
- Close to Public Transportation
- Elevator
Presented by
Calle Sánchez Barcaiztegui
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