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Calle Espoz y Mina 3,831 SF Office/Retail Condo Unit Offered at $2,039,342 in Centro, Madrid 28012
Some information has been automatically translated.
Investment Highlights
- Established residential area.
- Good public transportation connections.
Executive Summary
Residential building with 6 above-ground floors, featuring upper-level apartments and commercial premises or offices.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
Office located on the first floor of a building on Espoz y Mina Street, next to Puerta del Sol.
It has a built area of 356 m² and a usable area of 309 m².
It has a built area of 356 m² and a usable area of 309 m².
Sale Notes
Office located on the first floor of a building on Espoz y Mina Street, next to Puerta del Sol, in one of the best commercial areas with the highest activity in Madrid.
It is situated on the first floor of an old building, partially renovated (especially the structure) and equipped with an elevator, but it does not have access for people with reduced mobility due to a few steps leading to the entrance of the property.
The office has a built area of 356 m² and a usable area of 309 m².
Its current condition is in need of renovation. It is currently an open-plan space with various divisions, featuring 5 window openings facing Espoz y Mina Street with clear views, 2 windows facing an interior courtyard for ventilation but without natural light, and another 4 windows facing a light well.
There is a preliminary project to create 4 short-term rental apartments; however, licenses must be confirmed with the city council depending on the specific project to be undertaken.
It is ideal for attempting a change of use, as an office, and is also registered as a commercial property. Additionally, it is classified for leisure and hospitality use in the land registry.
It is situated on the first floor of an old building, partially renovated (especially the structure) and equipped with an elevator, but it does not have access for people with reduced mobility due to a few steps leading to the entrance of the property.
The office has a built area of 356 m² and a usable area of 309 m².
Its current condition is in need of renovation. It is currently an open-plan space with various divisions, featuring 5 window openings facing Espoz y Mina Street with clear views, 2 windows facing an interior courtyard for ventilation but without natural light, and another 4 windows facing a light well.
There is a preliminary project to create 4 short-term rental apartments; however, licenses must be confirmed with the city council depending on the specific project to be undertaken.
It is ideal for attempting a change of use, as an office, and is also registered as a commercial property. Additionally, it is classified for leisure and hospitality use in the land registry.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 3,831 SF | Office/Retail | $2,039,342 ($532.33/SF) | - |
Unit 1
| Unit Size |
| 3,831 SF |
| Condo Use |
| Office/Retail |
| Price |
| $2,039,342 ($532.33/SF) |
| NOI |
| - |
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Unit 1
| Unit Size | 3,831 SF |
| Condo Use | Office/Retail |
| Price | $2,039,342 ($532.33/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| Office located on the first floor of a building on Espoz y Mina Street, next to Puerta del Sol.<br> <br> It has a built area of 356 m² and a usable area of 309 m².</li></ul> | |
| Sale Notes | |
| Office located on the first floor of a building on Espoz y Mina Street, next to Puerta del Sol, in one of the best commercial areas with the highest activity in Madrid.<br> <br> It is situated on the first floor of an old building, partially renovated (especially the structure) and equipped with an elevator, but it does not have access for people with reduced mobility due to a few steps leading to the entrance of the property.<br> <br> The office has a built area of 356 m² and a usable area of 309 m².<br> <br> Its current condition is in need of renovation. It is currently an open-plan space with various divisions, featuring 5 window openings facing Espoz y Mina Street with clear views, 2 windows facing an interior courtyard for ventilation but without natural light, and another 4 windows facing a light well.<br> <br> There is a preliminary project to create 4 short-term rental apartments; however, licenses must be confirmed with the city council depending on the specific project to be undertaken.<br> <br> It is ideal for attempting a change of use, as an office, and is also registered as a commercial property. Additionally, it is classified for leisure and hospitality use in the land registry.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | > 50,000 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Year Built | 1900 - 1909 |
| Property Subtype | Apartment | Tenancy | Single |
| Building Class | C |
| Total Building Size | > 50,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Year Built | 1900 - 1909 |
| Tenancy | Single |
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Matterport 3D Exterior
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Street View
Street
Map
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Calle Espoz y Mina
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