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Calle de Villaamil 516 SF Retail Condo Unit Offered at $219,410 in Tetuán, Madrid 28039

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Investment Highlights
- Established and well-connected area.
- Possibility of changing use to residential.
- Asset with potential for appreciation.
- Direct access from the building's entrance.
Executive Summary
Residential building located in the Tetuán district, a well-established area in the north of Madrid with a distinctly urban character and a wide range of services. The surroundings stand out for their good public transport connections, with several EMT bus lines nearby and Metro stations close by that provide quick access both to the city center and to other districts. The area is well structured by major high-traffic roads that concentrate commercial activity and facilitate vehicle mobility. There is a wide variety of local services in the area, such as supermarkets, banks, pharmacies, and small neighborhood shops. It also has educational centers, daycare facilities, and healthcare services, including health centers and private clinics.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Located on the ground floor with direct access from the building's entrance, the property has a built area of 48 m² and approximately 45 m² of usable space, allowing for a comfortable and highly efficient layout. The space offers the possibility of configuring two bedrooms, a spacious bathroom, and a living area with a lounge and open-plan kitchen, catering to current demands for functionality and comfort.
One of its standout features is the natural light that floods all rooms, thanks to its dual orientation towards Villaamil Street and the community courtyard—an aspect particularly valued in processes of converting commercial spaces into residential use.
The feasibility of such a conversion significantly enhances the appeal of this asset, which is located in a fully established area with excellent transportation links. Just a few steps from Ofelia Nieto and Francos Rodríguez streets, the surroundings combine residential living, local services, neighborhood shops, and convenient public transport connections, ensuring high demand for both personal use and rental purposes.
Due to its location, features, and urban development potential, this property stands out as a solid option for those seeking profitability, differentiation, or the opportunity to create a home with a unique identity in one of the most established areas of the district.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Puerta ED | 516 SF | Retail | $219,410 ($425.21/SF) | - |
Unit Puerta ED
| Unit Size |
| 516 SF |
| Condo Use |
| Retail |
| Price |
| $219,410 ($425.21/SF) |
| NOI |
| - |
Unit Puerta ED
| Unit Size | 516 SF |
| Condo Use | Retail |
| Price | $219,410 ($425.21/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| Commercial space of 48 square meters built and approximately 45 square meters at street level in Berruguete.</li></ul> | |
| Sale Notes | |
| In a context of sustained growth in residential prices, this property represents a strategic opportunity for those looking to create a personalized home or for investors who value assets with potential for appreciation and long-term growth. <br> <br> Located on the ground floor with direct access from the building's entrance, the property has a built area of 48 m² and approximately 45 m² of usable space, allowing for a comfortable and highly efficient layout. The space offers the possibility of configuring two bedrooms, a spacious bathroom, and a living area with a lounge and open-plan kitchen, catering to current demands for functionality and comfort.<br> <br> One of its standout features is the natural light that floods all rooms, thanks to its dual orientation towards Villaamil Street and the community courtyard—an aspect particularly valued in processes of converting commercial spaces into residential use.<br> <br> The feasibility of such a conversion significantly enhances the appeal of this asset, which is located in a fully established area with excellent transportation links. Just a few steps from Ofelia Nieto and Francos Rodríguez streets, the surroundings combine residential living, local services, neighborhood shops, and convenient public transport connections, ensuring high demand for both personal use and rental purposes.<br> <br> Due to its location, features, and urban development potential, this property stands out as a solid option for those seeking profitability, differentiation, or the opportunity to create a home with a unique identity in one of the most established areas of the district.</li></ul> |
Property Facts
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 5 |
| Property Subtype | Apartment | Year Built | 1930 - 1939 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Year Built | 1930 - 1939 |
Amenities
Site Amenities
- Public Transportation
Presented by
Calle de Villaamil
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